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Back 509/47 Lonsdale Street
Off Market

509/47 Lonsdale Street

Melbourne VIC 3000

1
1
35 m²
Apartment
Nick WaltersNick Walters, last sold this property on 22 January 2026 after 43 days on market.

Overview

Room with a view...entry level investment opportunity with 30 Days Owners use per year

Situated on the fifth floor and with the preferred Northerly aspect, this one bedroom apartment measures approximately 35 square meters overlooking Lonsdale Street. NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION. Comprising a functional kitchen, open plan dining and lounge room, neat fully equipped bathroom plus excellent double bedroom leading to a Juliette balcony. Positioned in a prime Melbourne location at the top end of the CBD with major retail shops, restaurants, cafes and theatre precinct close at hand. The apartment is presently leased to Comfort Hotels until 13th October 2027 with two further 10 year options thereafter. NB: This lease offers "Owners Use" of 30 days per year. (Conditions apply) Enjoy the benefit of a long term lease, minimal outgoings and a higher net return than traditional residential property. IMPORTANT INFORMATION: RENT: $19,828 pa ($382 per week approx.) INCREASE: The lessor of CPI or 7% increases from the 3rd year of each lease term (Between Market Reviews) RETURN: 8.25% Gross 7.35 % Nett LEASE: Until October 2027 OPTIONS: Two x 10 Year Terms TENANT (Comfort Hotels) PAYS: Owners Corp Admin fees Water rates Insurance General maintenance OWNER PAYS: (Approx) Council rates: $991 pa Maintenance fund: $1,190 pa Inspection is by private appointment. For further details please contact: Nick Walters of Kingsford Property - 0438 557 885 Nick@kingsfordproperty.com.au Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.

Features

1 bedroom
1 bathroom
35 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 509/47 Lonsdale Street is $344.17k.

Median value
$344.17k
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 509/47 Lonsdale Street

2026
Sold
Undisclosed
Private Sale/Treaty on 22 Jan 2026 by Nick Walters, of Kingsford Property

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, 585 one-bedroom apartments similar to 509/47 Lonsdale Street, have been sold.

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

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