Back 5/640 Elizabeth Street
Off Market

5/640 Elizabeth Street

Melbourne VIC 3000

1
1
1
56 m²
Apartment
Last sold for $393,600
Cactus LiCactus Li, last sold this property on 21 August 2025 after 152 days on market.

Overview

Prime Investment & Ideal Urban Living 1-Bedroom Apartment in Melbourne CBD

5/640 Elizabeth Street, Melbourne, VIC 3000 1 Bed | 1 Bath | 1 Parking | 56m² Located near the University of Melbourne and the city's bustling business district, this modern 1-bedroom unit is perfect for students, professionals, and investors alike. With high rental demand year-round, this is an excellent opportunity for both investment and self-occupation. Key Features: Unbeatable Location Walking distance to the University of Melbourne, RMIT, QV Shopping Centre & more Spacious & Modern 56m² layout with a comfortable bedroom and sleek bathroom High Rental Demand Popular among students and professionals, ensuring great rental returns Secure Parking Dedicated car space for added convenience Low Maintenance Contemporary design, ideal for hassle-free living or investing A fantastic opportunity in Melbourne's sought-after CBD! Contact us today to arrange an inspection!

Features

1 bedroom
1 bathroom
1 carspace
56 m² floor area
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 5/640 Elizabeth Street is $344.58k.

Median value
$344.58k
Estimated value range
$39k - $935k
Median days on market
37
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 5/640 Elizabeth Street

2025
Sold
$393,600
Private Sale/Treaty on 21 Aug 2025 by Cactus Li, of Maxion Real Estate
2024
Rented
Undisclosed
Leased on 25 Mar 2024 by Maxion Real Estate
2022
Rented
Undisclosed
Leased on 22 Mar 2022 by RPM Real Estate Group - SOUTH MELBOURNE

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 apartments in Melbourne

In the last 12 months, 581 one-bedroom apartments similar to 5/640 Elizabeth Street, have been sold.

This represents a 14% increase in one-bedroom apartments sales when compared to the previous 12 months.

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