304/591 Elizabeth Street

Melbourne VIC 3000

Apartment

Currently for sale - view listing

Overview

Great investment with a 12.3 % gross return

A cleverly designed one-bedroom urban retreat that makes the most of every inch. Bright, fresh, and modern, this apartment offers a fully equipped kitchen with ample storage, sleek cabinetry, gas cooking, and a built-in microwave-perfect for easy everyday living. Currently leased the property has super strong return of $19,296 per year or 11.3% gross return. Together with low outgoings this offers a brilliant return on your investment. The open-plan layout flows seamlessly from the kitchen to the living and study area, featuring a dedicated workstation with built-in shelving and a sliding-door connection to your private balcony. Floor-to-ceiling glass draws in natural light, creating a sense of openness while still maintaining privacy. Whether you're working from home, relaxing, or entertaining, the space is thoughtfully set up for both comfort and practicality. The bedroom and bathroom continue the theme of smart design, with generous storage, a bright vanity area, and a crisp, fully tiled shower. Ideal for first-home buyers, investors, or anyone seeking a low-maintenance city base, this apartment blends functionality with style-all in a prime, walkable location close to transport, cafés, and everyday essentials. A compact home that truly overdelivers.