406/591-593 Elizabeth Street, Melbourne, Vic 3000

For Sale

406/591-593 Elizabeth Street, Melbourne, Vic 3000-Image

406/591-593 Elizabeth Street, Melbourne, Vic 3000

$145K - $155K

Unit

Type

Bedrooms

Bathrooms

Published on Tuesday, July 21, 2026 ( See property details for 406/591-593 Elizabeth Street, Melbourne, Vic 3000)

$145K - $155K

View the agent price guide.

Rosa Chik

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, fully furnished student accommodation apartment in Melbourne's CBD offering excellent rental returns and prime location proximity to top universities.

🏡 Property Highlights

Fully furnished student accommodation with immediate rental income
Prime CBD location within walking distance to major universities
Secure building with intercom access for added safety
Modern design with separate bedroom and dedicated study space
High rental yield of $385 per week in Melbourne's thriving student market
Low-maintenance investment ideal for portfolio diversification

✨ Key Features

Built-in study desk and shelving
Kitchenette with electric cooktop and bar fridge space
Split system heating and cooling
Secure building with intercom access
Fully furnished
Separate bedroom area with sliding door
Modern bathroom
Low-maintenance yard
Open-Plan Living
Waterfront / Views

Suburb and Property Insights of Melbourne, VIC 3000

Melbourne's CBD offers an unbeatable lifestyle with its vibrant mix of educational institutions, shopping precincts, and public transport options. The area is renowned for its diverse cafes, restaurants, and cultural attractions, making it highly desirable for students and investors alike. Its central location ensures easy access to Melbourne's major amenities, providing a dynamic and convenient urban living experience.

Frequently Asked Questions

Is this property suitable for long-term investment in student accommodation?

Yes, the property offers a strong rental return and is located in a highly sought-after student precinct, making it an excellent long-term investment.

What are the occupancy requirements for this student accommodation?

The property is purpose-built student accommodation and must be occupied in accordance with the building's occupancy requirements, typically by students enrolled at nearby universities.

Are there any restrictions on leasing or subletting the apartment?

Leasing is subject to the building's policies and student accommodation regulations, which generally restrict occupancy to eligible students and may limit subletting options.

What are the ongoing costs associated with owning this property?

Ongoing costs may include strata fees, council rates, insurance, and maintenance. Specific details can be obtained from the property manager or strata corporation.

Is the property compliant with safety and building standards?

Yes, the apartment is part of a secure building with intercom access and modern amenities, complying with relevant safety standards.

What to ask about this property to agent?

Are there any upcoming strata or building maintenance works scheduled that could affect the property? What are the total strata fees and are there any special levies planned? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any restrictions or covenants that could impact future renovations or modifications? What is the current occupancy rate and potential for rental increase? Are there any planned developments or zoning changes in the vicinity that could affect the property’s value? Has the property been inspected for structural issues or defects? Are there any ongoing disputes within the building or with neighbours? What are the terms of the lease currently in place, and when does it expire? Are there any additional costs or fees associated with the building’s security or amenities?

406/591-593 Elizabeth Street, Melbourne, Vic 3000 - More Details

$145K - $155K

Type: Unit
Bedrooms: 1
Bathrooms: 1
Study: 1

Price guide

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Email Enquiry To Student Housing Australia - Melbourne

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Rosa Chik

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