502/238-242 Flinders Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

502/238-242 Flinders Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 37m2
Land area: 1054m2
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Last updated 13 Apr 2026
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Property Details for 502/238-242 Flinders St, Melbourne

502/238-242 Flinders St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1932. The property has a land size of 1054m2 and floor size of 37m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Year Built
1932
Floor Size
37m2
Land Size
1054m2
Local Government
Melbourne
Lot/Plan
502/PS420871

Last Listing description (July 2022)

Drenched in natural light facing Flinders Street Station, this irresistible 1 bedroom apartment in the beating heart of Melbourne is your perfect launching pad to shine. Elevated with genuine presence over the centre of the city, head downstairs and everything you could possibly want is within walking distance. Simply stroll to Flinders Street trains, free city trams, elegant Degraves Street cafes, award-winning restaurants, Federation Square, boutique laneway shopping and a Woolworths almost your doorstep. Embrace the best of the CBD with a price you can afford!

Set on the fifth floor of a well-maintained building, enjoy the sunlit comfort of open-plan living and dining complemented by a streamlined kitchen with a tiled splashback, fridge, microwave and a Smeg cooktop. Picture windows reveal a spectacular Flinders Street outlook with the Arts Centre Spire forming a dramatic centrepiece before sweeping over Federation Square and the iconic railway station clock tower with Eureka Tower rising behind. This is an unforgettable aspect of magnificent Melbourne! Sharing in the panorama, a robed bedroom attracts sunlight, serviced by a sparkling bathroom with a shower over a bathtub.


Additional features include a handy study nook, panel heating, roller blinds over openable windows, shared laundry, communal lounge area, bicycle storage, a building manager and an opportunity to add value through minor updating. An ideal starter home, city base or affordable investment, place this one on the top of your list!

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 502/238-242 Flinders St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$220,000
25 Jul 2022
  • 25 Jul 2022
    Sold for $220,000
  • 22 Jul 2022
    Listed for Sale $220,000
  • 12 Feb 1999
    Sold for $171,000
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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 64,271 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 274 properties listed for sale, and 168 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2689 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.