1701/38 Rose Lane, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
 
FOR SALE
$490,000-$530,000

1701/38 Rose Lane
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 80m2
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Urban Retreat in UWS

Exclusively situated on the most sought-after North-West Corner of Level 17 of the Fifth Tower, this contemporary apartment offers a perfect opportunity for a modern urban lifestyle.
Fill with natural light and with fantastic City views, the apartment boasts a spacious well-appointed floor plan with open plan living and dining, Euro kitchen with stainless steel appliances and stone bench tops, master bedroom with full ensuite, second double bedroom with own windows and BIRs, main bathroom with shower, Euro laundry, and a generous-sized balcony outdoor activities.
Also features floor to ceiling windows, timber flooring, reverse-cycle air-conditioning, and security intercom system.
The Fifth also provides a whole series of top class amenities for residents, such as swimming pool with steam room and spa, gymnasium, residents' lounge, communal dining space and roof top garden.
With Southern Cross Train Station literally just downstairs and Melbourne Central, Crown Entertainment Complex all within walking distances, multiple free tramlines reaching all the great schools, such as Melbourne University and RMIT, plus countless, shops, cafes, restaurants within foot distance, the apartment offers a perfect opportunity either for a first home or another astute investment in your portfolio.
Currently vacant, suit both owner-occupiers and astute investors seeking for fantastic rental returns and potentials.
Inspection by appointment.
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Property Details for 1701/38 Rose Lane, Melbourne

1701/38 Rose Lane, Melbourne is a 2 bedroom, 2 bathroom Apartment. The property has a floor size of 80m2. The place is currently for sale with Melplex Real Estate.

Building Type
Apartment
Floor Size
80m2
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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 64,494 properties. Over the last 5 years, Houses in Melbourne have seen a -13.97% decrease in median value, while Units have seen a -2.46% decrease. As at 30 June 2026:

  • The median value for Houses in Melbourne is $1,470,997 while the median value for Units is $440,978.
  • Houses have a median rent of $710 while Units have a median rent of $680.
There are currently 304 properties listed for sale, and 212 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2550 properties were sold in the past 12 months in Melbourne.

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Gerry Wang
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