1201/500 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

1201/500 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 51m2
Land area: 1018m2
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Last updated 12 Jan 2026
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Property Details for 1201/500 Elizabeth St, Melbourne

1201/500 Elizabeth St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2016. The property has a land size of 1018m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Unit
Year Built
2016
Floor Size
51m2
Land Size
1018m2
Local Government
Melbourne
Lot/Plan
1201/PS702914

Last Listing description (February 2022)

Please be advised that due to the current Victorian Government Mandate, the agent on site will be requesting to sight proof of double COVID-19 vaccination. If you cannot provide your COVID-19 certificate you must book a private inspection, please contact the agent to make your appointment to view.

Due to government regulations on Covid-19, we can ONLY conduct private inspections with pre-arranged clients. Please call us to book an inspection in advance.


Boasting panoramic views and a northern aspect of Melbourne CBD, this stunning north facing two bedroom apartment is perfect for investors or owner occupiers.
Bathed in natural light through encompassing floor-to-ceiling windows combined with a well-designed floor plan and excellent use of space.
A contemporary streamlined kitchen featuring quality stainless steel appliances with gas cooktop and integrated dishwasher, main bedroom boasts built in robes and large windows, a beautifully appointed bathroom with modern fixtures and fittings.
Other features include security intercom, split system air conditioning and heating.
Location features:
- Within Free Tram Zone
- Walking Distance to RMIT University, State Library
- Easy Access to Melbourne University Via public transport
- Close to Victoria Market, Supermarket
- Close to Melbourne Central Station and trams just at your doorstep
*The Virtual Staging used is for illustration purposes only.

Disclaimer: Furniture shown in the photo is for illustration purpose only.

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Property History for 1201/500 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$415,000
10 Jan 2022
Listed for Rent
$320/w
15 Jun 2021
  • 10 Jan 2022
    Sold for $415,000
  • 08 Sep 2021
    Listed for Sale SOLD - Price Withheld
  • 21 Apr 2021
    Listed for Rent $320 / week
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of 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 64,286 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 247 properties listed for sale, and 361 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2735 properties were sold in the past 12 months in Melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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