502/408 Lonsdale Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

502/408 Lonsdale Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 35m2
Land area: 1912m2
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Property Details for 502/408 Lonsdale St, Melbourne

502/408 Lonsdale St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1973. The property has a land size of 1912m2 and floor size of 35m2. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
Unit
Year Built
1973
Floor Size
35m2
Land Size
1912m2
Local Government
Melbourne
Lot/Plan
502/PS413542

Last Listing description (August 2023)

This oversized street facing apartment boasts an open plan living room, which leads to your fully functional kitchen including integrated appliances and ample storage to create the perfect space to cook and entertain.

Large windows allow natural light to flow throughout this property creating a beautiful space for all of your needs.

Additional features include panel heating, communal laundry facilities, roller blinds, large storage cupboard and secure entrance.

The exclusive address simply speaks for itself, with Queen Victoria Market, public transport, cafes, restaurants, retail, gardens and all of the very best Melbourne CBD has to offer located nearby and within a moments stroll.

Property History for 502/408 Lonsdale St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$240,000
17 May 2024
Listed for Rent
$305/w
27 Apr 2022
  • 17 May 2024
    Sold for $240,000
  • 14 Mar 2023
    Listed for Sale $259,000
  • 22 Apr 2022
    Listed for Rent $305 / 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 64,288 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 240 properties listed for sale, and 362 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 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.