401/1 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

401/1 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 66m2
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Last updated 22 Dec 2025
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Property Details for 401/1 Elizabeth St, Melbourne

401/1 Elizabeth St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2001. The property has a floor size of 66m2.

Building Type
Unit
Year Built
2001
Floor Size
66m2
Local Government
Melbourne

Last Listing description (July 2021)

Embracing the heart of Melbourne city and having the monumental Flinders street heritage building as your home front, this is the city dwellers dream location with convenient access to all things the most liveable city has to offer.

Positioned on the corner of the building, every bedroom and living space can enjoy the views of the heritage Flinders street station with abundance of light coming in from all directions.

Both bedrooms are completed with mirrored, built in robes and floor to ceiling windows. Kitchen is equipped with a dishwasher and plenty of space for storage. Spacious large open plan living and separate dining area surrounded by floor to ceiling windows with spectacular views creates an uplifting environment to spend your time with your guests. You will be entertained with plenty of restaurants and shops at your door step. Only a short stroll to Crown and major shopping centres and easy access to public transport.

Property History for 401/1 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$300/w
28 Jul 2021
  • 19 Oct 2020
    Listed for Rent $300 / week
  • 09 Feb 2016
    Listed for Sale Not Disclosed
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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 64,229 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

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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.