$145k ~ $155k

1 Bed  •  1 Bath  •  0 Car

Main view of Homely apartment listing, 602/591-593 Elizabeth Street, Melbourne VIC 3000
Floorplan of Homely apartment listing, 602/591-593 Elizabeth Street, Melbourne VIC 3000
Second view of Homely apartment listing, 602/591-593 Elizabeth Street, Melbourne VIC 3000
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602/591-593 Elizabeth Street, Melbourne VIC 3000

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$145k ~ $155k

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Apartment for sale7 days on Homely

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Apartment description

“High-Yield Student Accommodation Investment – $1,651 pcm”

An excellent opportunity to secure a well-performing student accommodation investment in a prime Melbourne CBD location, delivering a strong rental return of $1,651 per calendar month, approximately $380 per week.

Designed specifically for student living, the apartment features a smart and functional layout comprising a light-filled bedroom, private ensuite bathroom, kitchenette, dedicated study area, and a balcony. The space is practical, easy to maintain, and well suited to consistent student demand.

The building itself is well regarded within the student market, offering shared facilities and a distinctive exterior that appeals to both local and international students.

Positioned just moments from public transport, major universities, retail precincts, and everyday amenities, this location continues to attract reliable tenant demand year after year.

Student-only accommodation remains a niche asset class with limited lending options, making strong cash flow and proven rental performance key. This property ticks both boxes and represents a straightforward, set-and-forget style investment.

A solid option for investors seeking yield, consistency, and exposure to Melbourne’s established student rental market. Call now to secure this opportunity.



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Disclaimer: Images are digitally edited and contain styled furniture for display purposes only.

We have, in preparing this document, used our best endeavors to ensure that the information contained is accurate. Images with staged furnishings as indicated on the photos. Prospective purchasers should independently verify all information provided and consult the due diligence checklist provided by Consumer Affairs Victoria

Property features

airConditioning

Air Conditioning

balcony

Balcony

toilets

Toilets: 1

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