505/585 La Trobe St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. While the property is not currently for sale or for rent, it was last sold in February 2021.
Fantastic One Bedroom Investment or City Pad!
Situated on the corner of La Trobe and Spencer Street this fully furnished 1 bedroom apartment is on the market to SELL! Features modern design floor plan, air conditioning system, and close to all public amenities.
What a great opportunity to kick start your investment portfolio with this perfectly positioned, one bedroom apartment, 5 year lease, to February 2011 with CPI rental increase every year. Current rental of $10,400 per year.
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 64,284 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:
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