301/557 Lt Lonsdale Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
 
FOR SALE
$360,000 - $390,000

301/557 Lt Lonsdale Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 50m2
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2 BEDROOM UNIT WITH HIGH RENTAL RETURN

Proper 2 bedroom apartment with floor to ceiling windows! It will not last for much longer. Offer 8%+ return.
Now is the ideal time to invest in Melbourne CBD.
This centrally located apartment offers an exceptional opportunity for both first-time buyers and savvy investors seeking a blend of affordability, practicality, and convenience.
Situated in the heart of Melbourne, this apartment boasts ample natural light streaming through floor-to-ceiling windows in a low-maintenance building.
Here's what awaits you:
Option 1: Personal Residence
Enjoy unparalleled convenience with universities, train stations, restaurants, cafes, shops, markets, parks, hospitals, stadiums, and theatres all within walking distance or a short tram ride away. Indulge in first-class dining and entertainment with Queen Victoria Market, Melbourne Central, Chinatown and Carlton Gardens just a stone's throw away.
Option 2: High-Yield Investment
Maximize your returns with rental potential:
2-bedroom unit rent at $600 per week
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Property Details for 301/557 Lt Lonsdale St, Melbourne

301/557 Lt Lonsdale St, Melbourne is a 2 bedroom, 1 bathroom Apartment. The property has a floor size of 50m2. The place is currently for sale with Jalin Realty Australia Pty Ltd.

Building Type
Apartment
Floor Size
50m2
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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 64,748 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 244 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2557 properties were sold in the past 12 months in Melbourne.

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Lucas Chen
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Adrian Chen
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Jalin Realty Australia Pty Ltd
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