8/487-497 Flinders Lane, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
FOR RENT

8/487-497 Flinders Lane
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 47m2
Land area: 346m2
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Property Details for 8/487-497 Flinders Lane, Melbourne

8/487-497 Flinders Lane, Melbourne is a 1 bedroom, 1 bathroom House with 1 parking spaces and was built in 1988. The property has a land size of 346m2 and floor size of 47m2.This Property is currently listed for rent with My Agent Real Estate

Building Type
House
Year Built
1988
Floor Size
47m2
Land Size
346m2
Local Government
Melbourne
Lot/Plan
8/SP37783

Last Listing description (April 2026)

Are you ready to experience the vibrant heart of Melbourne? Look no further! We are thrilled to offer you an exquisite 1-bedroom fully furnished apartment right in the heart of Melbourne's Central Business District.

Apartment Features:
* Spacious 1-bedroom with a cozy ambience.

* Modern and stylish interior design.
* Fully furnished with high-quality furniture.
* Open-plan living and dining area with abundant natural light.
* A fully equipped kitchen with modern appliances.
* Stylish, fully tiled bathroom.

Utilities: Water and electricity usage are included in the rent.

Location:

Situated in the heart of Melbourne CBD, you'll be just steps away from renowned restaurants, shopping precincts, entertainment venues, and public transportation. Enjoy the city's finest cafes and cultural attractions at your doorstep. With nearby tram stops and train stations, you'll have easy access to explore all that Melbourne has to offer, whether you're heading to work, going shopping, or just enjoying the city's rich culture.

Ideal for:

This apartment is perfect for professionals working in the CBD, couples, or anyone who wants to experience the best Melbourne has to offer.

Availability:

This stunning apartment is available for a 12+ months lease from 10 Mar 2026

Don't miss this incredible opportunity to live in the heart of Melbourne's CBD. Contact us today to schedule a viewing and secure your future in this exceptional, fully furnished-apartment!

For booking a viewing or requesting an application, please contact us!

Property History for 8/487-497 Flinders Lane, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$265,000
03 Jun 2019
Listed for Rent
$530/w
25 Feb 2026
  • 25 Feb 2026
    Listed for Rent $530 / week
  • 28 Jan 2025
    Listed for Rent $520 / week
  • 01 Feb 2024
    Listed for Rent $520 / week
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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 64,270 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 274 properties listed for sale, and 166 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2689 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.