1202/442-450 Elizabeth Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
 
FOR SALE
$485,000

1202/442-450 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Stylish City Living Prime Location!

Welcome to 1202/442-450 Elizabeth Street, Melbourne � a modern 2-bedroom apartment where smart investment meets effortless city living.
Designed with space and style in mind, this apartment features an open-plan living area filled with natural light, two bedrooms with built-in robes, a sleek kitchen with stone benchtops and premium appliances, plus a private balcony offering stunning city views. It's move-in ready-just unpack and enjoy.
What truly sets this apartment apart is its outstanding rental advantage. The property is currently tenanted until August 2026, generating a healthy $3,346 per month in rent. In the heart of Melbourne's CBD, rental demand remains consistently strong, and this income stream offers immediate cash flow for investors. For owner-occupiers, the same rental economics work in your favour-low holding costs mean you can enjoy premium city living while paying less than you would in rent elsewhere.
Location only adds to the value. You're steps from Queen Victoria Market, Melbourne Central, and Emporium, close to the University of Melbourne and RMIT, with trams, trains, and buses at your doorstep. Caf�s, restaurants, and nightlife are all within walking distance.
Whether you're investing for growth or buying your first city home, this apartment makes financial sense from every angle. Don't miss out-contact us today to book an inspection.
Disclaimer: Whilst every care has been taken to ensure the accuracy of the information provided, interested parties should rely on their own enquiries and due diligence. The agent and vendor accept no responsibility for any errors, omissions, or inaccuracies.
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Property Details for 1202/442-450 Elizabeth St, Melbourne

1202/442-450 Elizabeth St, Melbourne is a 2 bedroom, 1 bathroom Apartment. The place is currently for sale with LJ Hooker City Residential.

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Apartment
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,749 properties. Over the last 5 years, Houses in Melbourne have seen a -35.59% decrease in median value, while Units have seen a -1.07% decrease. As at 31 July 2026:

  • The median value for Houses in Melbourne is $1,425,811 while the median value for Units is $438,824.
  • Houses have a median rent of $713 while Units have a median rent of $680.
There are currently 286 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2545 properties were sold in the past 12 months in Melbourne.

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