502/258-260 Flinders Lane, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

502/258-260 Flinders Lane
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 58m2
Land area: 422m2
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Property Details for 502/258-260 Flinders Lane, Melbourne

502/258-260 Flinders Lane, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1930. The property has a land size of 422m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
1930
Floor Size
58m2
Land Size
422m2
Local Government
Melbourne
Lot/Plan
502/PS323062

Last Listing description (May 2022)

ONLINE AUCTION - SATURDAY 23RD OCTOBER AT 10AM

TO REGISTER PLEASE SEE LINK BELOW
https://us02web.zoom.us/meeting/register/tZMlceuupj0iH91ZxBkkifBcgaAOwl706y7x

When it comes to Melbourne CBD's most iconic residential buildings, they do not come any more unique & special than the Majorca Building. Perfectly positioned between Swanston & Elizabeth Streets and overlooking the famous Degraves Street precinct, it is steeped in history, character, and style.

From its conversion to apartments in the early 1990s, it is recognised for its retention of what made it special when it was first built in 1928/30.

Apartment 502 offers an oversized layout with an expansive open plan living room featuring high ceilings, jarrah timber floors, and leads to a classic balcony via steel-framed doors that will have you thinking you are in Paris when you step outside. Overlooked by a stylish timber kitchen, it features excellent storage.

The bedroom is super generous and features a walk through robe to a two way bathroom that features a separate shower and bath.

The apartment also features its own individual hydronic heating system, full security access, and a private store located in the basement.

The perfect opportunity awaits for the astute buyer seeking a city base, investment, or first home.

Property History for 502/258-260 Flinders Lane, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$720,000
23 Oct 2021
Listed for Rent
$460/w
03 Feb 2022
  • 28 Jan 2022
    Listed for Rent $460 / week
  • 23 Oct 2021
    Sold for $720,000
  • 24 Sep 2021
    Listed for Sale $625,000 - $675,000
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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 64,326 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 306 properties listed for sale, and 185 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2665 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.