508/225 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

508/225 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 890m2
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Property Details for 508/225 Elizabeth St, Melbourne

508/225 Elizabeth St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 890m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in March 2013.

Building Type
Unit
Year Built
1974
Floor Size
74m2
Land Size
890m2
Local Government
Melbourne
Lot/Plan
508/PS429256

Last Listing description (September 2022)

Attracting natural light with effortless ease, this stylish 2 bedroom apartment corners Elizabeth and Little Bourke Streets with commanding views to admire every day. Head downstairs and the heart of the CBD opens up for you! Simply stroll to GPO and Emporium shopping, iconic arcades, Melbourne Central trains, doorstep trams and the bustling bars, cafes and restaurants of Hardware Lane.

Elevated to appeal on the 5th floor of the Nova Apartments, enjoy the sleek design of market leading Fender Katsalidis (Eureka Tower and MONA). The open-plan living and dining area is surprisingly spacious, underpinned by a gleaming kitchen with a marble-finished island bench and stainless-steel appliances including a full-sized dishwasher. Rows of picture windows frame the cornered interior showcasing the heritage grandeur of the Melbourne GPO building through leafy treetops. Both substantial bedrooms boast built-in robes with the main overlooking Little Bourke Street, while the sparkling bathroom comes complete with a fully tiled shower and marble detailing.


Freshly painted with new carpet underfoot, special features include laundry capacity with a washing machine and storage, ducted heating and cooling throughout, an inviting hallway entrance, openable windows, intercom, exclusive access to a ground-floor gym and the welcome addition of secure undercover parking plus a storage room. An exceptional choice for market entrants, investors and those looking for a convenient inner-city base, this one will not last long!

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 508/225 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$480,000
27 Mar 2013
Listed for Rent
$520/w
20 May 2011
  • 26 Jul 2022
    Listed for Sale $568,000 - $608,000
  • 27 Mar 2013
    Sold for $480,000
  • 26 Sep 2012
    Listed for Sale $500,000
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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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2748 properties were sold in the past 12 months in Melbourne.

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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.