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Carpark/442 Elizabeth Street, Melbourne$35,000

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Carpark/442 Elizabeth Street

Melbourne, VIC 3000, Australia

$35,000

1 car19 ha

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About this property

Premium Lighthouse Building, located next to Melbourne Central, Queen Victoria Market, Melbourne University and a host of superb cafes and eateries. Free tram station at your doorstep to whisk you to anywhere in the CBD or to one of the amazing attractions surrounding our beautiful city. Private use or lease out for great investment. Don't miss out this fantastic opportunity, call Kevin now on 0423 454 772 to arrange for an inspection before it's sold!

Property Details

Property Type: house
Listing Type: For Sale
Parking: 1
Land Area: 19 ha
Listed: 2 months ago

Repayment calculator

$170/month

$85 /fortnight

Loan $28,000 at 6.10% over 30 years

Upfront costs

Deposit$7,000

Stamp duty$590

Conveyancing (est.)$2,000

Total upfront$9,590

Verify with VIC revenue office →

Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Melbourne

This house in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 92% below the $450,000 median of 76 comparable houseswithin 5 km.

Schools near Melbourne

Eltham College - Lonsdale Street Campuscombined
Melbourne Grammar Schoolcombined · Prep-12 · CoEd
Melbourne Grammar School - Wadhurst Campuscombined
Victorian College For The Deafcombined · U · CoEd
Wesley Collegecombined · Prep-12 · CoEd
Holmes Grammar Schoolsecondary · 11-12

What's nearby

Stop 7: Queen Victoria Market (tram) — 193 m away
Kicks Bottle Shop — 9 m away
Unnamed — 192 m away
Unnamed — 265 m away
Unnamed — 345 m away

Melbourne at a glance

Full suburb profile

Population: 54,941
Median age: 29
Household income: $1,448/wk
Median rent: $381/wk
Median mortgage: $1,800/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

Melbourne's inner-city development pipeline remains highly active, driven by the Metro Tunnel project completion, major urban renewal precincts (Fishermens Bend, Southbank, Docklands) and intensifying demand for residential and mixed-use development. Strong council support for medium-density infill and adaptive reuse is generating consistent DA approvals across CBD-adjacent suburbs, with significant infrastructure investment anchoring long-term growth.

Nearby projects

Closest

0 km

Melbourne Metro Tunnel Project

Distance from this property is exact (rings = km). Direction is illustrative.

Melbourne Metro Tunnel Project

0 km

InfrastructureUnder construction

Major underground rail infrastructure connecting existing metropolitan lines with new stations at Parkville, South Yarra, Domain and Arden, transforming inner-city connectivity and catalysing surrounding development.

2025

0 m

Residential DA - Inner-City Apartment Conversion

1 km

Apartment buildingProposed

Typical small-to-medium density residential infill converting commercial or heritage-adapted office space into apartments across central suburbs.

1.0 km

Southbank Precinct Mixed-Use Development

2 km

Mixed-useUnder construction

Large-scale waterfront renewal combining residential towers, cultural institutions, retail and public realm improvements along the Yarra River.

2.0 km

Carlton & Parkville Campus Precinct Development

2 km

Mixed-useApproved

University of Melbourne and Royal Melbourne Hospital expansion with medical research facilities, student accommodation and mixed-use spaces reshaping the northern inner-city.

2.0 km

Docklands Residential & Commercial Expansion

3 km

Mixed-useUnder construction

Continued high-density residential and commercial intensification with new tower approvals and street-level activation along the Yarra waterfront.

3.0 km

Fishermens Bend Urban Renewal Precinct

4 km

Mixed-useApproved

Major 240-hectare industrial-to-residential conversion delivering mixed-use development, employment precincts and significant population growth in inner-west Melbourne.

4.0 km

Source: StMate AI — VIC development trends07/06/2026

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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