4007/38 Rose Lane, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
FOR SALE
$620,000

4007/38 Rose Lane
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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A Stylish City Apartment Framing the Best of Melbourne

Experience breathtaking city and bay views, this well-appointed two-bedroom, two-bathroom apartment offers an outstanding opportunity for investors, city professionals and future owner-occupiers seeking lifestyle, convenience and income security.
Currently leased at $825 per week until 22 February 2027, the property provides immediate rental income and strong holding appeal. Located in one of Melbourne’s most connected city pockets, residents are moments from Southern Cross Station, Spencer Street shopping, Flagstaff Gardens, trams, cafés, restaurants, universities and the broader CBD lifestyle.
Key Features:
- 2Bed 2Bath 1 Car Space
- Currently Tenanted at $825/week
- Lease Secured until 22 February 2027
- Modern open-plan living and dining area
- Excellent CBD location close to transport, retail and dining
- Ideal investment with immediate rental income
- Strong appeal for future owner-occupiers or city professionals
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Property Details for 4007/38 Rose Lane, Melbourne

4007/38 Rose Lane, Melbourne is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with The Square Property.

Building Type
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 64,505 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 306 properties listed for sale, and 210 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2530 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Lee (Dongye) Li
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The Square Property
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.