506/547 Flinders LaneMelbourne VIC 3000
Property Details for 506/547 Flinders Lane, Melbourne
506/547 Flinders Lane, Melbourne is a 2 bedroom, 1 bathroom Unit.
Last Listing description (November 2025)
506/547-551 Flinders lane, Melbourne, VIC 3000
Phone Enquiry ID: 232211
Investment Highlights:
Currently rented at $32,589.29/year (~8.2% gross yield, 6.4% net yield), well above fixed deposit returns
Council Rates $212 per quarter
Water Rates $187 per quarter
Stylish Two Bedroom City Apartment with High Rental Yield
This modern two-bedroom apartment is perfectly located in a vibrant pocket of Melbourne, just a short walk to Woolworths, Coles, Southern Cross Station, and the Yarra River. Enjoy all the energy of city living while nestled in a rare, peaceful spot close to cafes, restaurants, and major public transport.
Features:
Newly renovated: Brand new flooring and countertops throughout
Flexible bedrooms: Both with built-in closets and desks; one features a unique loft bed for extra storage and workspace
Spacious balcony: Ideal for outdoor relaxation or laundry
Open-plan living: Contemporary interiors, high-quality finishes, and modern kitchen with ample storage
Comfortable bathroom: Well-appointed with sleek fixtures
Lifestyle amenities: Secure building with swimming pool, gym, and welcoming communal spaces
There are no known special levy and no cladding issue currently.
Lease ends January; two student tenants keen to renew
Consistently strong rental demand in this central location
The Location:
Quiet yet ultra-convenient: just minutes to major supermarkets, transport, and the Yarras scenic walking trails
Contact:
Call 0478621239 to book your inspection (unit is tenanted, private viewings only).
Property History for 506/547 Flinders Lane, Melbourne, VIC 3000
- 14 Jul 2025Listed for Sale $396,000
- 31 Jan 2022Listed for Rent $350.00 Per Week
- 04 Aug 2020Listed for Rent $430
Recent sales nearby
See more recent sales nearby/assets/perm/u5ypdakucai63f2hqnejzq6z3m?signature=9e6f3502c958853d2447afaaffe8d7315b8d39e07060ee431114a9f26ae90098){kind=logo}
0
/assets/perm/eqwherv47ei6ncbwun2pqwzkyq?signature=d46595db3d7f23ce20087496940737e647eb9c2fb2ce480a14c5ee49ffbdfaec){kind=logo}
0/assets/perm/7xabdjaitmi65f3gggtfv5jrbu?signature=ab4064ff005afe3c8277d08c9ff16753802516407beae09a74453ac2dc8d9aa5){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About 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 64,270 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.
Suburb Insights for Melbourne 3000
Market Insights
Melbourne Trends for Houses
N/A
N/A
View TrendN/A
N/A
Melbourne Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
