311/39 Lonsdale Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

311/39 Lonsdale Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 706m2
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Last updated 19 Jan 2026
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Property Details for 311/39 Lonsdale St, Melbourne

311/39 Lonsdale St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 706m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in November 2013.

Building Type
Unit
Year Built
2003
Floor Size
54m2
Land Size
706m2
Local Government
Melbourne
Lot/Plan
311/PS514600

Last Listing description (December 2013)

Great returns of over 10%
An amazing investment property with exceptional returns and minimal vacancy rate. This apartment can also be owner occupied by non students.
Just footsteps away from everything that Melbourne has to offer. Live in yourself or rent it out, with an occupancy rate averaging an outstanding 90%+ this investment will provide a consistent stream of income.

This studio apartment measuring up at approximately 25 m2, is located on the 3rd floor which is fully furnished and includes all the essentials of a modern apartment such as a modern kitchen, formal bathroom, heating/ cooling system.
Calculating a massive rental return of $1,647 per month over 10% gross return.
Nestled right in the heart of the Theatre precinct of Melbourne, its a great area to make the most of Melbourne's nightlife and shopping.
Apartment features include:
Fully furnished, light and spacious apartments
Self contained kitchens including microwave, refrigerator, cook top
Reverse cycle air-conditioning/heating
Intercom/security access
Broadband internet access
Remote control colour televisions
Modern furnishings, fixtures and fittings throughout
Onsite Facilities include:
Student Games room
IGA Supermarket
24 Hour security
On-site management
Security door access
Council rates approx: $350
Body corp approx: $2400
As your property manager we are committed to protecting your asset and maximizing your investment returns. Due to our experience and expertise we offer a strong operational platform that generates consistency, quality, professional management and efficiencies across all properties in our care. We are specialists in marketing and stakeholder management and have an enormous global network of accommodation agents and bookers of student accommodation at our fingertips. We communicate to our investors and owners regularly about the property market and what activities we are undertaking to ensure your occupancies as well as rental returns are maximized.
UniLodge was not only the first dedicated commercial provider of student accommodation in Australia, but today is also one of the largest operators. Our growth is a testament to our ability to deliver a high valued product which meets the needs of our customers. Working with our education partners and offshore agents we ensure that UniLodge is synonymous with quality and secure student accommodation. Our highly skilled sales and marketing team conduct detailed market analysis and prepare business plans to ensure that our commitment to our customers, internal and external, is delivered.

Additional feature/s - Intercom System.

Property History for 311/39 Lonsdale St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$190,000
19 Nov 2013
Listed for Rent
$560/w
18 Jan 2013
  • 19 Nov 2013
    Sold for $190,000
  • 30 Oct 2013
    Listed for Sale $195,000
  • 28 Dec 2012
    Listed for Rent - Price not available
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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 64,285 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 242 properties listed for sale, and 359 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
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.