511/250 Elizabeth Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
FOR SALE
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511/250 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 48m2
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Investor's dream: FULLY FURNISHED 1-Bed Apartment with Gym & Pool Access in Melbourne's Heart

- High Rental Demand: This apartment experiences great demand, ensuring it will yield good rental income. Approximately 7.2% rental return ($525 p.w.).
- Location: Situated at 511/250 Elizabeth Street in the bustling heart of Melbourne.
- Apartment Type: 1-bedroom, 1-bathroom sleek and inviting residence.
- Design: Bright and airy living space with expansive windows offering captivating city views.
- Open-Plan Layout: Seamless connection between living and dining areas, ideal for relaxation and entertainment.
- Kitchen: Equipped with modern appliances and ample storage, perfect for culinary exploration and social gatherings.
- Bedroom: Tranquil retreat featuring built-in wardrobes and plush carpeting for comfort.
- Security: Secure access and thoughtful details throughout the apartment.
- Amenities: Exclusive access to onsite gym and swimming pool for recreation and wellness.
- Surroundings: Close proximity to Melbourne's finest dining, shopping, and cultural attractions.
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Property Details for 511/250 Elizabeth St, Melbourne

511/250 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The property has a land size of 48m2. The place is currently for sale with Jalin Realty Australia Pty Ltd.

Building Type
Apartment
Land Size
48m2
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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 64,361 properties. Over the last 5 years, Houses in Melbourne have seen a 1.23% increase in median value, while Units have seen a -5.07% decrease. As at 31 May 2026:

  • The median value for Houses in Melbourne is $1,426,624 while the median value for Units is $434,769.
  • Houses have a median rent of $718 while Units have a median rent of $680.
There are currently 299 properties listed for sale, and 212 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2672 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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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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.