510/238-242 Flinders StreetMelbourne VIC 3000
Property Details for 510/238-242 Flinders St, Melbourne
510/238-242 Flinders St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1932. The property has a land size of 1054m2 and floor size of 27m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (July 2026)
Positioned in the heart of Melbournes iconic Flinders Street precinct, this well-presented studio apartment offers an outstanding opportunity for first home buyers, investors, or those seeking a secure and convenient city base. Located directly opposite Flinders Street Station and moments from Federation Square, the property delivers immediate access to the very best of the CBD.
Lifestyle & Location
Enjoy unrivalled inner-city living with Melbournes premier attractions at your doorstep. Walk to the Yarra River, renowned laneway cafs, leading universities, restaurants, and the citys vibrant arts and entertainment precincts. Positioned within the Free Tram Zone, the entire CBD is easily accessible, while the completed Metro Tunnel further enhances connectivity.
Key Features
Efficiently designed studio layout with distinct zones for living, sleeping, and study
Modern bathroom complemented by a practical kitchenette
Secure building with lift access
Excellent rental potential driven by strong demand in this prime location
Building Features
Secure intercom entry
On-site reception and concierge
Resident amenities including communal lounges, table tennis, and shared laundry facilities
Outgoings (Approx.)
Council Rates: $555 per annum
Water Rates: $737 per annum
Owners Corporation Fees: $3,163per annum
Property History for 510/238-242 Flinders St, Melbourne, VIC 3000
- 20 Jul 2026Sold for $172,500
- 08 Jul 2026Listed for Sale $170,000 - $180,000
- 12 Jun 2013Listed for Rent - Price not available
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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 64,495 properties. Over the last 5 years, Houses in Melbourne have seen a -13.97% decrease in median value, while Units have seen a -2.46% decrease. As at 30 June 2026:
- The median value for Houses in Melbourne is $1,470,997 while the median value for Units is $440,978.
- Houses have a median rent of $710 while Units have a median rent of $680.
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