5/487-497 Flinders Lane, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

5/487-497 Flinders Lane
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
Land area: 346m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 19 Jan 2026
Low

High
Save

Property Details for 5/487-497 Flinders Lane, Melbourne

5/487-497 Flinders Lane, Melbourne is a 1 bedroom, 1 bathroom House with 1 parking spaces and was built in 1988. The property has a land size of 346m2 and floor size of 52m2.

Building Type
House
Year Built
1988
Floor Size
52m2
Land Size
346m2
Local Government
Melbourne
Lot/Plan
5/SP37783

Last Listing description (April 2025)

Prime spot in Melbourne CBD. Apt 5/487-497 Flinders Lane, Melbourne

Featuring:

Bedroom: Spacious 1-bedroom setup with ample storage and study nook.
Living Area: Cozy and tastefully decorated for a homely feel
Kitchen: Fully equipped with all white goods
Bathroom: Clean and well-maintained, fully tiled en-suite bathroom
Furnishings: Stylish and comfortable furnishings throughout
Amenities: Common Laundry

Prime Location: Situated in the heart of Melbourne CBD, you'll have everything at your doorstep - cafes, restaurants, shopping, public transport, and cultural attractions.

Comfortable Living: Our apartment is thoughtfully furnished to provide a comfortable and relaxing environment, making it feel like a true home away from home.

Fully Equipped Kitchen: Whether you're a gourmet chef or just looking to whip up a quick meal, our kitchen has all the appliances and utensils you'll need.

Utilities Included: Water and electricity are included in the rent, giving you peace of mind and helping you budget effectively.

*** Available on a 12-month lease. ***

Don't miss this opportunity to experience Melbourne's bustling city life from the comfort of your own private oasis. Contact us today to schedule a viewing or request an application link.

Property History for 5/487-497 Flinders Lane, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$520/w
17 Apr 2025
  • 10 Feb 2025
    Listed for Rent $520 / week
  • 09 Oct 2013
    Listed for Sale $220,000 - 240,000
  • 22 Oct 2004
    Listed for Sale 208800
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 64,290 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 244 properties listed for sale, and 364 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2740 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.