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Back 201/591 Elizabeth Street
Off Market

201/591 Elizabeth Street

Melbourne VIC 3000

1
1
0 ac.
Unit
Last sold for $151,000
Zeno KobicaZeno Kobica, last sold this property on 27 May 2025 after 48 days on market.

Overview

Rare Student Apartment with Balcony – Prime Elizabeth Street Location!

Experience the best of Melbourne student living with this standout investment property located right in the heart of vibrant Elizabeth Street. Just moments from Melbourne University, RMIT, and the iconic Queen Victoria Market, this unit represents an exceptional opportunity to capitalise on strong rental demand. Current Rental Details: Rent: Approx. $370/week ($1608/ calendar month) Lease locked in until 09/01/2026 Apartment Highlights: Unique Spacious Balcony: Unlike many student units, this apartment boasts a generously sized balcony—perfect for relaxation or enjoying the city atmosphere. Functional Layout: Thoughtfully designed studio apartment with dedicated spaces to maximise comfort, study efficiency, and privacy. Fully Furnished: Equipped and ready for immediate occupation, making it ideal for students and hassle-free for investors. Comfort and Convenience: Includes heating, cooling, and secure building access, providing peace of mind and a comfortable living environment. Prime Location: Located within easy walking distance to Melbourne's top universities, vibrant cafés, restaurants, shops, and public transport, this property delivers the ideal mix of convenience, lifestyle, and academic accessibility. Investment Opportunity: This apartment represents an excellent opportunity for investors to secure a property in a thriving student accommodation market. Its rare balcony feature and strong rental return make it highly desirable, promising consistent demand from quality tenants. Seize this unique opportunity today—contact us now to discuss further and secure this exceptional investment on Elizabeth Street.

Features

1 bedroom
1 bathroom
0 ac. lot size
Unit

Estimated Value

We need at least 3 similar 1 bedroom units sold in Melbourne over the last 12 months.

Property history for 201/591 Elizabeth Street

2025
Sold
$151,000
27 May 2025 by Zeno Kobica, of Viva Property

Happy sellers in Melbourne

84%
84% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 133 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom units in Melbourne

In the last 12 months, 2 one-bedroom units similar to 201/591 Elizabeth Street, have been sold.

This represents a 67% increase in one-bedroom units sales when compared to the previous 12 months.

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