706/225 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

706/225 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 95m2
Land area: 890m2
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Last updated 19 Jan 2026
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Property Details for 706/225 Elizabeth St, Melbourne

706/225 Elizabeth St, Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2001. The property has a land size of 890m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in September 2000.

Building Type
Unit
Year Built
2001
Floor Size
95m2
Land Size
890m2
Local Government
Melbourne
Lot/Plan
706/PS429256

Last Listing description (June 2021)

The Nova is located at the corner of Elizabeth Street/ Little Bourke Street. Situated in the city centre, providing you easy access to public transport, shopping centres, restaurants and cafes. The nearest tram Stop along Elizabeth Street is within a 50m radius of the apartment complex, taking you to Flinders Station, Queen Victoria Market and the University of Melbourne. Besides, you could travel on tram route 96 on Bourke Street to Southern Cross Station and Crown Casino with ease. During weekends, you may enjoy your time with family and friends at the Bourke Street Mall, Emporium and Melbourne Central which are all within a 500 m radius of the property.

Property Features:

# Bathroom with a bathtub
# Bedrooms fitted with built-in robes
# Wall-mounted panel heaters available in bedrooms and lounge room

All residents of The Nova can access the gymnasium located at ground level.

Please note that Photo I.D must be presented during Open Inspection. Either 2Apply or 1Form application is accepted.

* RT Edgar Monash advises that inspection times and property availability are subject to be changed or cancelled without prior notice. All reasonable care is taken with the advertised description and photos and all interested parties are advised to make their own enquiries
(i.e. school admissions etc) to satisfy themselves with regards to the advertised property. It is every interested party's responsibility to inspect the property prior to making an application.

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Property History for 706/225 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$396,550
17 Sep 2000
Listed for Rent
$380/w
15 Jun 2021
  • 03 Jul 2020
    Listed for Rent $500 / week
  • 17 Oct 2018
    Listed for Rent $620 / week
  • 22 Apr 2014
    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 64,286 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 246 properties listed for sale, and 360 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2735 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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