1403/250 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

1403/250 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 82m2
Land area: 3857m2
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Last updated 19 Jan 2026
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Property Details for 1403/250 Elizabeth St, Melbourne

1403/250 Elizabeth St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 3857m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last transferred in November 2023.

Building Type
Unit
Year Built
1976
Floor Size
82m2
Land Size
3857m2
Local Government
Melbourne
Lot/Plan
1403/PS431573

Last Listing description (June 2021)

A spacious offering with stunning city views, this supersized 2 bedroom apartment sets the standard for lifestyle indulgence in the heart of the city. Privately perched on the 14th floor of the sought-after Somerset on Elizabeth complex, head downstairs and take advantage of transport options, RMIT, a feast of Hardware Lane restaurants, and your choice of Melbourne Central, Emporium and QV shopping.

Remarkably roomy open-plan living and dining pivots a sleek kitchen with smooth stone surfaces, a breakfast bar, and Smeg stainless-steel appliances plus a dishwasher. Be instantly drawn to a sheltered balcony with uninterrupted easterly views sweeping across the city skyline from the Melbourne Central Shot Tower to the Arts Centre Spire and everything in between. Capturing morning sun with ease, this outdoor oasis will be used on a daily basis for relaxed dining and memorable entertaining. Both light-filled bedrooms are extensively mirror-robed and generously scaled, superbly serviced by a sparkling semi-ensuite bathroom.


Comprehensive features include a large concealed laundry with trough and shelving, secure undercover parking, ducted heating and cooling throughout, and double roller blinds. The Somerset building is well equipped with video intercom entry, lift access, an on-site building manager, and exclusive rooftop access to a swimming pool, fully fitted gym, sauna, and a BBQ terrace for entertaining in numbers. Offering low-maintenance luxury with high-impact results, this one has something for everyone! Enter the market with confidence, invest wisely, or purchase your very own affordable lock-and-leave city base. Either way, move quickly as this apartment will prove popular.

* Photo identification will be required upon entering the property.

* Please contact our agent for your personal tour of this home today.

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Property History for 1403/250 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Transferred
03 Nov 2023
Listed for Rent
$575/w
03 Nov 2016
  • 03 Nov 2023
    Transferred
  • 18 May 2021
    Sold for $615,000
  • 08 Apr 2021
    Listed for Sale Contact Agent
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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 64,287 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 238 properties listed for sale, and 370 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2732 properties were sold in the past 12 months in Melbourne.

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© 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.

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