507/591-593 Elizabeth StreetMelbourne VIC 3000
Property Details for 507/591-593 Elizabeth St, Melbourne
507/591-593 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 300m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Last Listing description (July 2026)
Student Accommodation Unit Rented at $1300/calendar month! (approx $300/week)
Nestled in the vibrant heart of Melbourne, this student apartment on Elizabeth Street presents an unrivalled investment opportunity, perfectly positioned within walking distance of Melbourne University, RMIT, and the bustling Queen Victoria Market.
OUTGOINGS
General Council Rates approx: $500/annum*
Water Services approx: $600-$700/annum*
Owners Corp Fee approx: $2180/annum*
*Please confirm these figures with the Section 32. This is a guide only
Current rental -
Rental $300 per week / $1304 per month
Lease end date: 22/01/2025
This gem offers the ultimate city living experience, merging academic convenience with the lifestyle Melbourne is celebrated for.
Apartment Highlights:
- Elegantly Efficient Layout: This apartment features a well-designed floor plan that encompasses one bedroom and one bathroom, delivering comfort and privacy in equal measure.
- Study in Style: A built-in study area within the cosy kitchen space provides a dedicated spot for academic pursuits, enhanced by the tranquility essential for concentration.
- Comfort Features: Equipped with air conditioning for year-round comfort and a balcony to enjoy the urban vibe, this apartment ticks all the boxes for a fulfilling student lifestyle.
- Character-Filled Building: Beyond its charming exterior, the building offers fantastic amenities and communal spaces ideal for relaxation and socialising with fellow residents.
Lifestyle and Convenience:
Living in this Elizabeth Street apartment means embracing a lifestyle of convenience and excitement. Its central location ensures everything from cafes to parks and a myriad of shops are just a short walk away, catering to every whim and necessity. The proximity to significant educational institutions and Melbournes city centre places residents in the beating heart of the citys vibrant culture and academic excellence.
Investment Potential:
This property is not just a home; it's a strategic investment in one of Melbournes most sought-after locales. With its appealing combination of character, comfort, and unmatched location, it represents a golden opportunity for investors looking to capitalise on the strong demand for student accommodation. Given its appeal and the enduring allure of Melbourne as a top destination for students from across the globe, this apartment is expected to attract significant interest.
Dont let this opportunity pass you by. Secure your piece of Melbournes dynamic cityscape and invest in a property that promises both a steady return and the thrill of urban living. Contact us now to find out how this Elizabeth Street apartment can be yours.
NOTE - images show staged furniture for advertising purposes only.
Property History for 507/591-593 Elizabeth St, Melbourne, VIC 3000
- 30 Sep 2024Listed for Rent $380 / week
- 28 May 2024Sold for $135,000
- 13 Feb 2024Listed for Sale UNDER OFFER
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the 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 64,746 properties. Over the last 5 years, Houses in Melbourne have seen a -35.59% decrease in median value, while Units have seen a -1.07% decrease. As at 31 July 2026:
- The median value for Houses in Melbourne is $1,425,811 while the median value for Units is $438,824.
- Houses have a median rent of $713 while Units have a median rent of $680.
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