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Back 506/1 Manchester Lane
Off Market

506/1 Manchester Lane

Melbourne VIC 3000

1
Studio
Last sold for $320,000
Philip MazzellaPhilip Mazzella, last sold this property on 18 March 2026 after 37 days on market.

Overview

GET INTO THIS LITTLE BEAUTY

Contemporary class and studio sophistication, this stunning 'Merrigold on Collins' apartment (at the corner of 241 Collins St) captures the beauty of modern style to create a carefree city lifestyle in this Art Nouveau style boutique complex. Originally built in 1884, remodelled in 1912 and converted to apartments in 2008, the 5th-floor position exudes a distinct New York vibe. Inside, timber detailing merges with a splendid open-plan environment where the living, dining, and kitchen seamlessly coexist with the bedroom via a step-down, and where a discreet pull-out bed can be hidden from view. The kitchen is equipped with electric cooking appliances, a dishwasher, plenty of cupboard space, and a split-system air conditioner. The bathroom includes a tiled shower, toilet, and vanity, plus a separate laundry space. Based in the heart of the city, flanking cosmopolitan Collins St out front, and with outstanding access to Melbourne's famous laneway restaurants, fashion stores and nightlife. Only a short stroll from Town Hall and Flinders Street stations, Fed Square, Yarra River, Melbourne Central, Melbourne Aquarium, Regent Theatre, Crown Complex and Queen Vic Market. Ideal starter in budget range or an outstanding investment with great rental yield potential. *Please note: Virtual furniture placed in photography. Whilst every care is taken to ensure the accuracy of the sizes, plans & information contained herein, no guarantees or warranties are given. Clients must make their own investigations, carefully check the formal legal documentation & seek independent professional legal advice.*

Features

1 bathroom
Studio

Estimated Value

Based on this property and similar studios sold in Melbourne over the last 12 months, the estimated median property value of 506/1 Manchester Lane is $190k.

Median value
$190k
Estimated value range
$132k - $320k
Median days on market
34
Estimated value trend
-5%
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 506/1 Manchester Lane

2026
Sold
$320,000
18 Mar 2026 by Philip Mazzella, of Melo Real Estate Pty Ltd

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 studios in Melbourne

In the last 12 months, 34 studios similar to 506/1 Manchester Lane, have been sold.

This represents a 9% increase in studios 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

  •   4.9   (237 reviews)
  •  21 Reviews in Melbourne
  •  55 Sales in Melbourne
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Annamaria Stella

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

  •   5   (380 reviews)
  •  19 Reviews in Melbourne
  •  12 Sales in Melbourne
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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)
  •  17 Reviews in Melbourne
  •  13 Sales in Melbourne
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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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