24/53 Powlett StreetEast Melbourne VIC 3002
Property Details for 24/53 Powlett St, East Melbourne
24/53 Powlett St, East Melbourne is a 1 bedroom, 1 bathroom Studio with 1 parking spaces. The property has a land size of 45m2 and floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in September 2026. There are other 1 bedroom Studio sold in East Melbourne in the last 12 months.
Last Listing description (September 2026)
Perfectly positioned within one of East Melbourne's most tightly held and prestigious pockets, Regents Gate sits amongst elegant heritage streetscapes and leafy surrounds, a setting that defines the very best of inner-city living. This East Melbourne pied-a-terre offers an effortless lifestyle in an exceptional location.
Designed in 1939 by architect Bernard Evans, who served as Lord Mayor of Melbourne in 1959 and 1960, Regents Gate comprises twenty-four apartments across two symmetrical three-storey wings arranged around a lush central garden. Subtle Art Deco detailing and balanced proportions give the building a timeless presence, with these design cues carried from exterior to interior.
Thoughtfully designed and larger than a typical studio, it opens with a separate entry hall with built-in storage. A full bathroom follows, with a shower over bath and integrated laundry, while the refreshed kitchen features an electric cooktop and generous cabinetry, maintaining the apartment's original character.
The light-filled living and sleeping space is generous and versatile, with a defined alcove for the bed. Original Art Deco features remain throughout, including a decorative fireplace, chandelier, distinctive windows and French doors. These open to a leafy balcony outlook, creating a calm, private retreat.
The location is equally compelling: just one block from Fitzroy Gardens, and a 15-minute walk to the cafés, restaurants and boutiques of Spring Street and the Paris end of Collins Street. Jolimont is close by, while Collingwood's vibrant cafés and the celebrated Gertrude and Smith Street precincts are within 15-20 minutes on foot, with Bridge Road also nearby. The MCG, Melbourne Park and the wider sporting precinct are all within easy reach, along with the Yarra River and the Royal Botanic Gardens.
East Melbourne itself offers a rare balance: a refined residential enclave with local cafés and quiet restaurants, yet moments from some of the city's most vibrant cultural precincts.
An allocated parking space is included, along with eligibility for two residential permits.
Outgoings;
OC Fees - $7,612 PA Approx
Water Rates - $743 PA Approx
Council Rates - $1,226PA Approx
Size - 45 SQM
Rental Potential - $400 - $450
Title: Company Share
Property History for 24/53 Powlett St, East Melbourne, VIC 3002
- 11 Sep 2026Sold
- 29 Apr 2026Listed for Sale For Sale $400,000
- 27 Mar 2018Listed for Rent - Price not available
Recent sales nearby
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0About East Melbourne 3002
The size of East Melbourne is approximately 1.9 square kilometres. There are 10 parks, covering nearly 46.0% of the total area. The population of East Melbourne in 2016 was 4964 people. By 2021 the population was 4896 showing a population decline of 1.4% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation.In 2021, 44.80% of the homes in East Melbourne were owner-occupied compared with 43.60% in 2016.
East Melbourne has 5,825 properties. Over the last 5 years, Houses in East Melbourne have seen a -15.67% decrease in median value, while Units have seen a -4.48% decrease. As at 31 August 2026:
- The median value for Houses in East Melbourne is $3,187,953 while the median value for Units is $741,658.
- Houses have a median rent of $1,200 while Units have a median rent of $695.
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