201/591-593 Elizabeth StreetMelbourne VIC 3000
Property Details for 201/591-593 Elizabeth St, Melbourne
201/591-593 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (May 2025)
Experience the best of Melbourne student living with this standout investment property located right in the heart of vibrant Elizabeth Street. Just moments from Melbourne University, RMIT, and the iconic Queen Victoria Market, this unit represents an exceptional opportunity to capitalise on strong rental demand.
Current Rental Details:
Rent: Approx. $370/week ($1608/ calendar month)
Apartment Highlights:
Unique Spacious Balcony: Unlike many student units, this apartment boasts a generously sized balcony—perfect for relaxation or enjoying the city atmosphere.
Functional Layout: Thoughtfully designed studio apartment with dedicated spaces to maximise comfort, study efficiency, and privacy.
Fully Furnished: Equipped and ready for immediate occupation, making it ideal for students and hassle-free for investors.
Comfort and Convenience: Includes heating, cooling, and secure building access, providing peace of mind and a comfortable living environment.
Prime Location:
Located within easy walking distance to Melbourne's top universities, vibrant cafés, restaurants, shops, and public transport, this property delivers the ideal mix of convenience, lifestyle, and academic accessibility.
Investment Opportunity:
This apartment represents an excellent opportunity for investors to secure a property in a thriving student accommodation market. Its rare balcony feature and strong rental return make it highly desirable, promising consistent demand from quality tenants.
Seize this unique opportunity today—contact us now to discuss further and secure this exceptional investment on Elizabeth Street.
Property History for 201/591-593 Elizabeth St, Melbourne, VIC 3000
- 24 May 2025Sold for $151,000
- 09 Apr 2025Listed for Sale UNDER OFFER
- 04 Mar 2025Listed for Rent $370 / week
Recent sales nearby
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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 64,282 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.
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