Back 513/118 Dudley St
Off Market

513/118 Dudley St

West Melbourne VIC 3003

2
1
1
0 m²
0 m²
Apartment
Last sold for $498,888
James YueJames Yue, last sold this property on 23 December 2025 after 67 days on market.

Overview

Stylish city-fringe living with secure rent now and vacant soon.

Situated on the north-west corner of Flagstaff Gardens, this address offers what many seek: a quality apartment within easy reach of city attractions, yet away from the peering eye of high-rise neighbours. From your lobby, enjoy quick access to Queen Victoria Market, Docklands harbour walks, tram stops and Southern Cross Station, all within a 10-minute walk. A vibrant mix of restaurants, cafés and bars surrounds you — city accessibility at its finest. Apartment 513 is a well-planned 2 bed, 1 bath, 1 car space home spanning approx. 57 m². Step inside to a recently updated interior bathed in natural light from a prized north-east aspect. The open-plan living/dining flows seamlessly to a spacious balcony, capturing morning sun and sparkling city skyline views at night. Bedrooms are cleverly separated by the living area, enhancing privacy — a layout highly sought after by renters. Both feature built-in robes and floor-to-ceiling windows. The kitchen is designed for practicality with a 4-burner gas cooktop, stainless-steel oven, generous fridge space and ample storage above and below. The master bedroom and living area both open directly onto the balcony, extending your living space outdoors. Additional features include split-system heating/cooling, video intercom, and a secure basement car space with storage cage. Despite low owners corporation fees, the building still offers essentials: a fully equipped gym and outdoor BBQ area for relaxed weekends with friends and family. Investor Highlight: Securely leased at $700/week until January 2026, offering immediate rental income. First-Home Buyer Appeal: With the lease ending soon, you can plan ahead to move in and enjoy the lifestyle while benefiting from strong rental cover in the meantime. Features • Open-plan living/dining with balcony & skyline views • North-east aspect ensuring all-day natural light • Kitchen with 4-burner gas stove, stainless oven & large fridge space • Two bedrooms with built-in robes, separated for privacy • Central bathroom with Euro laundry • Split-system heating/cooling, video intercom • Secure car park + storage cage • Residents’ gym & BBQ terrace Location Highlights • On the doorstep of Flagstaff Gardens • Walk to Queen Victoria Market, Docklands harbour, Southern Cross Station & trams • Surrounded by restaurants, cafés & bars — lifestyle convenience at its best This property is perfect for savvy investors seeking reliable returns and first-home buyers wanting to secure a vibrant inner-city lifestyle. Contact agent today for more information or to arrange an inspection.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
0 m² floor area
0 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in West Melbourne over the last 12 months, the estimated median property value of 513/118 Dudley St is $600k.

Median value
$600k
Estimated value range
$350k - $1.19m
Median days on market
44
Estimated value trend
0%
increase over the last 12 months
Average days on market is based on recent, comparable sales in West 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 513/118 Dudley St

2026
Rented
Undisclosed
Leased on 25 Feb 2026 by Maxion Real Estate
2025
Sold
$498,888
23 Dec 2025 by James Yue, of MICM
2022
Sold
$475,000
Private Sale/Treaty on 30 Jun 2022 by Lawrance Teo, of Forge Real Estate

Happy sellers in West Melbourne

87%
87% of sellers in West Melbourne reported that their sale price either exceeded or met their price expectations.

West Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 27 reviews in West Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in West Melbourne

In the last 12 months, 115 two-bedroom apartments similar to 513/118 Dudley St, have been sold.

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

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