5/640 Elizabeth StreetMelbourne VIC 3000
Property Details for 5/640 Elizabeth St, Melbourne
5/640 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 770m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (December 2025)
5/640 Elizabeth Street, Melbourne, VIC 3000
1 Bed | 1 Bath | 1 Parking | 56m
Located near the University of Melbourne and the city's bustling business district, this modern 1-bedroom unit is perfect for students, professionals, and investors alike. With high rental demand year-round, this is an excellent opportunity for both investment and self-occupation.
Key Features:
Unbeatable Location Walking distance to the University of Melbourne, RMIT, QV Shopping Centre & more
Spacious & Modern 56m layout with a comfortable bedroom and sleek bathroom
High Rental Demand Popular among students and professionals, ensuring great rental returns
Secure Parking Dedicated car space for added convenience
Low Maintenance Contemporary design, ideal for hassle-free living or investing
A fantastic opportunity in Melbourne's sought-after CBD!
Contact us today to arrange an inspection!
Property History for 5/640 Elizabeth St, Melbourne, VIC 3000
- 16 Jul 2025Sold for $393,600
- 22 Mar 2025Listed for Sale $399,998 under contract
- 21 Mar 2024Listed for Rent $480 / week
Recent sales nearby
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0About 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.
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