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Off Market

312/238 Flinders Street

Melbourne VIC 3000

1
1
Apartment
Last sold for $195,000
Tom PriorTom Prior, last sold this property on 13 January 2026 after 41 days on market.

Overview

Prime Investment Opportunity – High-Yield CBD Studio with Low Outgoings

Delivering exceptional returns in one of Melbourne's most sought-after locations, this studio apartment at 238 Flinders Street is the ideal set-and-forget investment. NOT JUST FOR STUDENTS and With a potential rental income of $400 per week, incredibly low outgoings of under $5,000 per annum, and a functional approx. 29sqm layout, this property stands out as one of the strongest yield performers in the CBD. Freshly updated with brand-new floorboards throughout, the apartment offers a clean, modern feel and a practical open-plan design. The kitchenette includes two stove cooktop-microwave, fridge, and ample storage-perfect for everyday living. The living/bedroom zone is well configured, offering space for a bed, dining setup, sofa, and built-in study desk, making the most of the generous studio footprint. A bright bathroom with bath/shower combo completes the internal picture, providing both comfort and convenience. Residents enjoy access to superb building amenities, including a recreation room and coin-operated laundry, ensuring ongoing tenant appeal. Perfectly placed in the heart of the city, everything is at your doorstep-cafes, restaurants, transport, shopping, and universities. Just a 1-minute walk to the supermarket, 500m to Victoria University, and quick tram access to RMIT and Melbourne University, making this location highly sought after by students and city professionals alike. Whether you're a seasoned investor or entering the market for the first time, this high-yielding, low-maintenance studio offers unbeatable value in a blue-chip CBD position. Act fast-opportunities like this don't last.

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 312/238 Flinders Street is $345.75k.

Median value
$345.75k
Estimated value range
$39k - $935k
Median days on market
36
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 312/238 Flinders Street

2026
Sold
$195,000
13 Jan 2026 by Tom Prior, of BRADY residential

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 134 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 588 one-bedroom apartments similar to 312/238 Flinders Street, have been sold.

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

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melbourne

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Dionne Wilson

Sellers who recommend Dionne Wilson have praised them for being clear communication, local expert, honest, responsive, supportive, dedicated and friendly

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Annamaria Stella

Annamaria Stella is an award winning recommended agent for Melbourne.  They have 14 local sales and collected 19 local reviews across the last 12 months.

  •   5   (380 reviews)
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Philip Middlemiss

Sellers who recommend Philip Middlemiss have praised them for being local expert, clear communication, responsive, supportive, well-prepared, strategic and honest

  •   5   (113 reviews)
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Catherine Sheo

Catherine Sheo is a recommended agent for Melbourne.  They have 11 local sales and collected 8 local reviews across the last 12 months.

  •   4.9   (56 reviews)
  •  8 Reviews in Melbourne
  •  11 Sales in Melbourne
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