18/487-497 Flinders Lane, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

18/487-497 Flinders Lane
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Last updated 20 Apr 2026
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Property Details for 18/487-497 Flinders Lane, Melbourne

18/487-497 Flinders Lane, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1988.

Building Type
Unit
Year Built
1988
Local Government
Melbourne
Lot/Plan
18/SP37783

Last Listing description (June 2025)

Furnished One Bedroom Beauty!

**Bonus Water and Electricity Included In The Rent**

Nestled in the heart of Melbourne, this convenient and stylish one-bedroom apartment in the heart of Flinders Lane is the perfect home for you.

You'll never get tired of this impressive, furnished one-bedroom apartment having an enviable Flinders Lane position just moments from restaurants, theatres, art precincts, and an array of city attractions.

Featuring an appealing open plan living area, this property enjoys a bright and airy space, a modern kitchen with essential appliances including dishwasher, a generous main bedroom with a built-in robe, and a spacious bathroom.

Be quick to apply for this property.

Property History for 18/487-497 Flinders Lane, Melbourne, VIC 3000

A timeline of how this property has performed in the market
  • 16 Jun 2025
    Listed for Rent $490
  • 07 Jul 2014
    Listed for Sale $230,000 - $250,000
  • 28 Jul 2007
    Listed for Sale $179,950
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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 64,267 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 279 properties listed for sale, and 164 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2695 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.