40/78 Queens Road, Melbourne, VIC 3004 | Property Value & History | OnTheHouse
OFF MARKET

40/78 Queens Road
Melbourne VIC 3004

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 2515m2
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Last updated 13 Apr 2026
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Property Details for 40/78 Queens Rd, Melbourne

40/78 Queens Rd, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 2515m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in September 2009.

Building Type
Unit
Year Built
1950
Floor Size
66m2
Land Size
2515m2
Local Government
Port Phillip
Lot/Plan
40/SP25989

Last Listing description (April 2026)

Directly opposite the iconic expanses of Albert Park Lake, in what is arguably Melbournes preeminent lifestyle locale, this well presented and charming, Elizabeth Court apartment is a superb, 1930-constructed classic with the extraordinary prize of its own lock-up garage. Rising above its thriving urban surrounds, this is a third floor / top floor apartment with two bedrooms and an alcove study to tick all the boxes for new market entrants who are on the hunt for a rare lifestyle offering that is genuinely appealing.

Open-plan living is anchored by a well-designed kitchen with stainless steel appliances and breakfast bar seating, whilst each of the bedrooms has been freshly carpeted the primary bedroom with walk-in robes. Further highlights of this unique apartment include a clever study nook with a built-in desk and shelving all concealed by sliding doors, as well as an updated bathroom / laundry, split system heating and air conditioning, while the garage is conveniently accessed via Queens Lane.

Simply step outside and youre opposite Albert Park Lake and just metres from the waterfront perfect for morning laps of the Lake, cold water plunging at St Kilda, sunset walks and a weekend reset plus you have endless local cafes, restaurants and bars at Chapel Street and Fitzroy Street, while a quick tram ride to Southbank or the CBD has you right in the heart of where Melbournes sporting, artistic and entertainment worlds converge.

Property History for 40/78 Queens Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
$412,000
26 Sep 2009
Listed for Rent
$330/w
03 Feb 2021
  • 25 Mar 2026
    Listed for Sale $430,000 - $470,000
  • 13 Nov 2020
    Listed for Rent $330 / week
  • 10 Apr 2020
    Listed for Rent $390 / week
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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% 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 13,701 properties. Over the last 5 years, Houses in Melbourne have seen a -2.43% decrease in median value, while Units have seen a -0.76% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,558,796 while the median value for Units is $649,600.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 70 properties listed for sale, and 44 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 672 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3004

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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.