507/238-244 Flinders Lane, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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507/238-244 Flinders Lane
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 88m2
Land area: 980m2
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Last updated 18 May 2026
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Property Details for 507/238-244 Flinders Lane, Melbourne

507/238-244 Flinders Lane, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1860. The property has a land size of 980m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in October 2020.

Building Type
Unit
Year Built
1860
Floor Size
88m2
Land Size
980m2
Local Government
Melbourne
Lot/Plan
507/PS430847

Last Listing description (November 2020)

This magnificent example of the Italian Renaissance Palazzo style, Flinders House is simply exquisite.
In keeping with true Flinders Lane history, this building was part of the booming rag trade for clothing manufacturers Banks Bell & Co. Refurbished and subdivided, this beauty was re-born as an iconic Residential building in 2000.

Boasting the top floor position and a generous 89m2, this 2 bedroom, 2 bathroom apartment has all the features you would expect. The open plan living is spacious, wide timber floorboards throughout and soaring ceiling heights. The sparkling kitchen features a double sink, dishwasher, ample storage and bench space, quality Smeg appliances plus a pantry.

The 2 bedrooms both with built-in robes and the master with a sizeable tiled ensuite. The main fully tiled bathroom also has the elusive bathtub. There is also a good size European laundry and panel heating throughout. There is also an ample study nook.

Step out to an array of cafes, restaurants and boutiques all on your doorstep and neighbouring laneways. This building is such a lovely example of a Heritage Conversion and the vibrant location embraces all that is desired in City Residential Living.

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Property History for 507/238-244 Flinders Lane, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$677,000
29 Oct 2020
Listed for Rent
$510/w
21 Aug 2017
  • 29 Oct 2020
    Sold for $677,000
  • 08 Oct 2020
    Listed for Sale $650,000 - $700,00
  • 20 Aug 2019
    Sold for $672,250
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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 64,329 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 307 properties listed for sale, and 182 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2666 properties were sold in the past 12 months in Melbourne.

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© 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.

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