5/53 Powlett Street, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
OFF MARKET

5/53 Powlett Street
East Melbourne VIC 3002

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 38m2
Land area: 1143m2
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Last updated 10 Aug 2026
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Property Details for 5/53 Powlett St, East Melbourne

5/53 Powlett St, East Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1959. The property has a land size of 1143m2 and floor size of 38m2.

Building Type
Unit
Year Built
1959
Floor Size
38m2
Land Size
1143m2
Local Government
Melbourne

Last Listing description (January 2026)

This ground floor, inner city apartment is a rare opportunity to buy an affordable historic property in one of Melbourne's premier tree lined streets. Regents Gate was built by Bernard Evan in 1939, twenty-four apartments arranged in two symmetrical, three storey wings, creating a U-shape with a central garden. It is built in Georgian character.

This corner apartment has timber floors, tiled bathroom, an updated U-Shaped modern kitchen and is flooded with vast natural light, the windows are fitted with plantation shutters and a French door opening onto the central garden. It has a functional layout and the bathroom houses the euro style laundry.

Whether you are looking for a perfect Melbourne crash pad, or trying to enter the property market as a first home-buyer, this apartment is ideal.

Close proximity to the CBD and surrounds, you can easily explore the sights of Melbourne with the convenience of trams nearby into the city or short stroll to the MCG.

Property History for 5/53 Powlett St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Listed for Rent
$340/w
20 Jul 2018
  • 19 Sep 2025
    Listed for Sale CONTACT AGENT
  • 02 Aug 2018
    Listed for Sale Not Disclosed
  • 12 Jul 2018
    Listed for Rent $340 / week
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About 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 5,815 properties. Over the last 5 years, Houses in East Melbourne have seen a -10.47% decrease in median value, while Units have seen a -2.25% decrease. As at 31 July 2026:

  • The median value for Houses in East Melbourne is $3,171,102 while the median value for Units is $751,974.
  • Houses have a median rent of $1,150 while Units have a median rent of $680.
There are currently 17 properties listed for sale, and 15 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 237 properties were sold in the past 12 months in East melbourne.

Suburb Insights for East Melbourne 3002

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Cotality Copyright and Legal Disclaimers about Property Data
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.