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Back 905/589 Elizabeth Street
Off Market

905/589 Elizabeth Street

Melbourne VIC 3000

1
1
Apartment
Last sold for $315,000
Leon LiLeon Li, last sold this property on 12 August 2025 after 32 days on market.

Overview

Bright, Ultra-Convenient Inner-City Living

Positioned within the sought-after 589 Elizabeth Street complex and surrounded by Melbourne’s vibrant streetscape, this impeccably presented one-bedroom apartment delivers a lifestyle of comfort, ease, and modern sophistication. Ideal for first home buyers, investors, or those seeking a secure city base, this residence offers refined inner-city living in a prime location. The light-filled open-plan living and dining area features floor-to-ceiling windows and high ceilings. The balcony overlooks the leafy Elizabeth Street boulevard, offering a relaxing outdoor retreat. The contemporary kitchen is appointed with stone benchtops, stainless steel appliances, a gas cooktop and a dishwasher, providing both function and style. The bedroom includes built-in robes and excellent natural light, while the bathroom is sleek and well-fitted, complete with a European laundry. Additional features include split-system heating and cooling, secure intercom entry and lift access. Conveniently located within walking distance of Queen Victoria Market, RMIT, Melbourne University, Royal Melbourne Hospital, Flagstaff Gardens, cafés and restaurants, with trams at your doorstep offering seamless access to the CBD and beyond. Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Features

1 bedroom
1 bathroom
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 905/589 Elizabeth Street is $345.95k.

Median value
$345.95k
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 905/589 Elizabeth Street

2025
Sold
$315,000
12 Aug 2025 by Leon Li, of Eighth Quarter Real Estate
2022
Rented
Undisclosed
Leased on 20 Jun 2022 by Eighth Quarter Real Estate
2021
Rented
Undisclosed
Leased on 20 Jun 2021 by Eighth Quarter Real Estate

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 905/589 Elizabeth Street, have been sold.

This represents a 13% increase in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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Dionne Wilson

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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.

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Philip Middlemiss

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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.

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