509/225 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

509/225 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 69m2
Land area: 890m2
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Property Details for 509/225 Elizabeth St, Melbourne

509/225 Elizabeth St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 1950. The property has a land size of 890m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in June 2021.

Building Type
Unit
Year Built
1950
Floor Size
69m2
Land Size
890m2
Local Government
Melbourne
Lot/Plan
509/PS429256

Last Listing description (June 2021)

Discover the very best in urban living with this stunning apartment located right in the beating heart of the Melbourne CBD. Immerse yourself in the vibrant culture of this renowned city with cafes, eateries, bars and boutique stores all just steps from your new home. You can walk to the picturesque gardens and enjoy easy access to tram stops that will take you to Marvel Stadium, the MCG and so much more.

Inside, the spacious layout is bright and light-filled with modern finishes for a contemporary feel. The floorplan is open-plan with a seamless flow from the living and dining room out to the balcony where you can sip your morning coffee as the city wakes up around you. There is a well-equipped kitchen and a central bathroom, plus two good-size bedrooms with built-in robes.

- Immerse yourself in chic urban living with this easy-care inner-city apartment

- A great investment opportunity or the perfect low-maintenance first home
- A quality full-size kitchen with ample storage, a dishwasher, and a gas cooktop
- Spacious open-plan living and dining area that flows out to the large balcony
- Two bedrooms, both with built-in robes and one with access to the bathroom
- A modern and stylish bathroom with a bath and a vanity with storage space
- Enviable location in the beating heart of Melbourne close to all you could need
- Walk to a host of cool cafes and eateries, plus boutique stores and tram stops
- A short walk to the library, Melbourne Central, Flagstaff Gardens and so much more

Property History for 509/225 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$480,000
27 Jun 2021
Listed for Rent
$440/w
16 Jan 2009
  • 27 Jun 2021
    Sold for $480,000
  • 11 May 2021
    Listed for Sale $450K - $495k
  • 06 Dec 2008
    Listed for Rent - Price not available
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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, 2750 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.