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Location

Market Insights for Melbourne VIC 3000

New Listings (last 30 days)

Average price

$738,210

Lowest price

$185,000

Highest price

$8,000,000

1615/250 Elizabeth Street, Melbourne VIC 3000

$398,000

Search Band

$398k - $418k Transparent Based on an openly advertised listing price.

Apartment 1 bed 1 bath

Listed: yesterday

Overview

Situated on level 16 within the sought-after 250E Elizabeth Street complex, this one-bedroom apartment, complemented by a study, offers an outstanding opportunity for both investors and city professionals. The apartment benefits from abundant natural light and captivating city views, enhancing the living experience.

The living area is generously proportioned and equipped with heating and cooling, ensuring comfort throughout the year. The kitchen is thoughtfully designed with gas cooking, a dishwasher, and ample cupboard space, promoting functional and enjoyable meal preparation.

The spacious main bedroom features mirrored built-in robes, providing efficient storage and a sleek finish. An additional smaller bedroom or study, also fitted with built-in robes, allows for flexibility to accommodate guests or a home office setup. The contemporary bathroom is centrally located, complemented by a separate Euro-style laundry for added convenience.

Residents of this complex enjoy a range of premium amenities including secure entry, a swimming pool, gymnasium, sauna, a communal BBQ area, and on-site building management, contributing to a lifestyle of ease and recreation in the heart of Melbourne.

Local Market Insights

In Melbourne, Quiet Listings observed 88 new apartments entering the market over the last 30 days, up from 70 during the previous 30-day period, with an average advertised asking price of $738,210. The property type mix of listed properties is predominantly Apartments at 83%, followed by commercial properties (14%), and units (3%). The most active agency for apartments in the Melbourne area is currently Dingle Partners, representing 15% of new listings, followed by Melbournian Property Group with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.