706/591 Elizabeth Street

Melbourne VIC 3000

Unit

Currently for sale - view listing

Overview

High-Performing Student Accommodation Investment in Melbourne's Education Precinct

Secure an exceptional investment opportunity with this modern, purpose-built student accommodation apartment, ideally positioned in the heart of Melbourne. Currently leased at $385 per week ($1,673 per month), this low-maintenance property delivers immediate rental income in one of the city's most sought-after student locations. Thoughtfully designed to maximise comfort and functionality, the apartment offers a well-planned layout with quality finishes, making it highly attractive to both local and international students. Property Features * Currently leased at $385 per week ($1,673 per month) until 12 Jan 2027 * Purpose-built student accommodation * Separate bedroom with built-in robe * Private ensuite bathroom * Modern kitchenette with electric cooktop, bar fridge and ample storage * Dedicated study desk with shelving and storage * Reverse-cycle heating and cooling * Secure building with lift access * Low-maintenance investment with strong rental appeal Outstanding CBD Fringe Location. Perfectly positioned within walking distance to: * The University of Melbourne * RMIT University * Queen Victoria Market * Melbourne Central Shopping Centre * Flagstaff Gardens * Carlton's renowned café and dining precinct * Free tram zone and excellent public transport connections With Melbourne continuing to attract thousands of domestic and international students each year, this apartment presents an outstanding opportunity to secure a reliable investment in a consistently high-demand location. Whether you're looking to expand your investment portfolio or secure a hassle-free property with strong rental returns, this is an opportunity not to be missed. *Please note: This apartment is located within a purpose-built student accommodation building. Occupancy is subject to the building's management rules and requirements.*

Features

1 bedroom

1 bathroom

Unit

Property history for 706/591 Elizabeth Street

2021

Sold

Undisclosed

Private Sale/Treaty on 11 Feb 2021 by Nick Richards, of Precinct Real Estate

Happy sellers in Melbourne

86%

86% 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 125 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom units in Melbourne

In the last 12 months, 2 one-bedroom units similar to 706/591 Elizabeth Street, have been sold.

This represents a 60% increase in one-bedroom units sales when compared to the previous 12 months.

Sold

For Sale

For Rent

View the listing for inspection times, agent contact details, and more.

at Viva Property