4/479 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

4/479 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 97m2
Land area: 1241m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 22 Dec 2025
Low

High
Save

Property Details for 4/479 Elizabeth St, Melbourne

4/479 Elizabeth St, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1872. The property has a land size of 1241m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last transferred in January 2002.

Building Type
Unit
Year Built
1872
Floor Size
97m2
Land Size
1241m2
Local Government
Melbourne
Lot/Plan
4/PS322162

Last Listing description (April 2025)

***TO BOOK A TIME TO INSPECT, SIMPLY CLICK ON BOOK AN INSPECTION TIME OR EMAIL AGENT TO BE NOTIFIED OF INSPECTION TIMES. BY REGISTERING, YOU WILL BE INSTANTLY INFORMED OF ANY UPDATES, CHANGES OR CANCELLATIONS FOR YOUR APPOINTMENT. IF YOU DO NOT REGISTER FOR AN INSPECTION, ACCESS MAY NOT BE PROVIDED***

Nestled in a prestigious location, this exquisite warehouse apartment is peacefully positioned behind the vibrant energy of Elizabeth Street, just 200 meters from the iconic Queen Victoria Market. Offering a harmonious blend of contemporary luxury and timeless heritage appeal, this spacious and elegantly FURNISHED residence presents the perfect combination of comfort and style.

The spacious gourmet kitchen is a standout feature, meticulously designed with sophisticated stone benchtops, top-of-the-line appliances including an induction cooktop, and ample cabinetry, providing both beauty and functionality. The open-plan living and dining area with an inviting and expansive layout, complemented by a distinguished functioning wood open fireplace and a modern split system heating and cooling system for year-round comfort opening up to a spacious balcony with spectacular skyrise views.

The master bedroom is a true retreat, generously proportioned with custom-built robes and sparkling ensuite bathroom featuring a shower over bath and twin sink. A unique and private loft space within the master bedroom offers even more potential, perfect for accommodating guests, or a private study

A versatile loft-style second bedroom adds to the homes appeal, offering ample space for guests, a home office, or additional storage.

The apartment also features an elegant central bathroom, complete with washer and dryer and a separate chic powder room for added convenience.

The residence showcases exceptional heritage detailing, including original Baltic pine floorboards, exposed Oregon roof trusses, bluestone windowsills, and thick triple-brick walls, all preserving the building's rich historical character.

Completing this impeccable residence is a private ground-floor courtyard which can be used for off-street parking for one vehicle or relaxing and entertaining.

Located within moments of Melbournes finest cafes, restaurants, and boutique stores, impeccable balcony views, this magnificent apartment offers an unparalleled urban lifestylean absolute must-see for those seeking the perfect blend of modern luxury and heritage charm in the heart of the CBD.

Important details:
-Furnished property
-Furniture may not be depicted accurately in photos. Inspection is a must. Dining table has been upgraded for example.
-No mattresses/linen is included in tenancy. BYO.
-Additional heaters provided for rooms
-Secondary split system in master bedroom to be removed. No longer functional.

Access:
Access via the maroon gates. Walk straight, property directly at end of driveway.

*** For guaranteed access, please arrive at the allotted inspection start time ***
APPLYING - Apply online via 2Apply. The application will be emailed to you after you have inspected the property.
LEASE TERMS - 12 MONTHS unless otherwise specified.
PARKING PERMITS - Whilst parking permits are available for most properties, please confirm with the local council before applying for the property.
PHOTO ID MUST BE PROVIDED UPON ENTRY AT THE PROPERTY BIGGIN SCOTT RICHMOND - NO 1 FOR PROPERTY MANAGEMENT

Property History for 4/479 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Transferred
14 Jan 2002
Listed for Rent
$875/w
08 Apr 2025
  • 25 Feb 2025
    Listed for Rent $875 / week
  • 12 Jul 2021
    Listed for Rent $750 / week
  • 07 Feb 2020
    Listed for Rent - Price not available
Sign in to see more transactions
Commute Calculator

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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

Market Insights
Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.