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406/591 Elizabeth Street

Melbourne VIC 3000

1
1
Apartment
Currently for sale - view listing

Overview

Fully Furnished Student Accommodation Investment in Melbourne CBD Leased at $385 per Week

An exceptional opportunity to secure a hassle-free investment in one of Melbourne's most sought-after student accommodation precincts. Ideally positioned at 406/591-593 Elizabeth Street, this fully furnished student accommodation apartment is currently leased at $385 per week ($1,673 per month), providing immediate rental income. Located in the heart of Melbourne's education hub, the property is within walking distance of RMIT University, The University of Melbourne, Melbourne Central, Queen Victoria Market and an array of public transport options, making it highly desirable for both domestic and international students. Thoughtfully designed to maximise space and functionality, the apartment offers a separate sleeping area with sliding doors, a dedicated study space and a practical kitchenette, creating the ideal environment for student living. Property Features: Currently leased at $385 per week ($1,673 per month) Fully furnished student accommodation apartment Separate bedroom area with sliding door for added privacy Built-in study desk and shelving Kitchenette with electric cooktop, bar fridge space and ample storage Modern bathroom Split system heating and cooling Secure building with intercom access Low-maintenance investment opportunity Location Highlights: Walking distance to The University of Melbourne and RMIT University Moments from Melbourne Central Shopping Centre and train station Opposite Queen Victoria Market Excellent tram and public transport access Surrounded by cafes, restaurants and everyday conveniences This property is purpose-built student accommodation and is an ideal addition to any investment portfolio. With a strong rental return and an unbeatable CBD location, it offers investors a secure and low-maintenance asset in Melbourne's thriving student accommodation market. Contact us today for further information or to arrange an inspection. Please note: This property is student accommodation and may only be occupied in accordance with the building's occupancy requirements. Images have been virtually staged for illustrative purposes.

Features

1 bedroom
1 bathroom
Apartment

Property history for 406/591 Elizabeth Street

2013
Sold
$145,000
Auction Sale on 26 Oct 2013 by Mario Lambiase, of Jellis Craig Brunswick

Happy sellers in Melbourne

85%
85% 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 126 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 608 one-bedroom apartments similar to 406/591 Elizabeth Street, have been sold.

This represents a 10% increase in one-bedroom apartments sales when compared to the previous 12 months.

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