502/241 Flinders Lane, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

502/241 Flinders Lane
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 92m2
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Last updated 20 Apr 2026
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Property Details for 502/241 Flinders Lane, Melbourne

502/241 Flinders Lane, Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 1964. The property has a floor size of 92m2.

Building Type
Unit
Year Built
1964
Floor Size
92m2
Local Government
Melbourne

Last Listing description (March 2019)

Flushed with natural light and located on the top floor of the classic landmark Bible House building within the historic Flinders Lane precinct amidst vibrant cafes, Degraves Street, amazing boutique shops and laneways.
Beautifully presented and luxuriously appointed this stunning two bedroom apartment (one of eighteen) is spread over two levels capturing masses of natural light through spectacular picture size windows. The lower level includes a generous living and dining area opening to a large open terrace ideal for extended family living or entertaining. There is a guests powder room and the kitchen features quality cabinetry, stone bench tops, stainless steel appliances and Smeg dishwasher. The upper level comprises two double bedrooms both with ensuite bathrooms and built in robes.
Additional features include Euro style laundry, city views and secure intercom entry from Scott Alley.

Enjoy living within this superb city central position with the best of Melbourne's attractions around you including Federation Square, Flinders Street Station, St Pauls, an easy walk through to fabulous Collins Street, Swanston Street, The Arts Precinct and so very much more.

Property History for 502/241 Flinders Lane, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$730/w
11 Feb 2016
  • 21 Nov 2018
    Listed for Sale $725,000
  • 17 Dec 2015
    Listed for Rent $730 / week
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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 64,263 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 273 properties listed for sale, and 164 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2684 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.