3502/601 Little Lonsdale Street, Melbourne VIC 3000

3502/601 Little Lonsdale Street, Melbourne VIC 3000
High-floor CBD apartment with secure parking|North-facing orientation|Rental yield potential $600pw|Gym and pool access. This one-bedroom apartment with one bathroom and one car space suits young professionals or investors drawn to inner-city convenience without ownership burdens. Positioned on level 35 in a high-rise complex, it delivers elevated living with likely expansive views over the CBD, enhancing daily practicality through north-facing light and shared facilities like gym and pool. The inclusion of secure parking sets it apart in a dense urban street where street parking is scarce, appealing to those reliant on vehicles amid nearby stadium and market traffic. Within this tower on Little Lonsdale Street, it blends seamlessly among similar one-bedroom units, part of a building that caters to a transient demographic dominated by 20-39 year olds seeking walkable access to trams, universities and laneways. Buyers typically include first-home investors or downsizers valuing low-maintenance strata living over houses, with no overlays for bushfire, flood or heritage simplifying holding decisions. Comparable apartments in the precinct show steady performance, holding value through consistent rental demand from the young professional influx. Its zoning for residential use and proximity to Docklands Primary and University High underpins long-term stability, as CBD apartments like this resist depreciation in a market favoring urban density. Over time, the rarity of parking in high-floor units bolsters appeal for owner-occupiers planning extended tenure.

Market Insight:

Melbourne’s CBD housing market is dominated by high-density apartment developments. Demand is driven by investors, students, and professionals seeking proximity to employment and universities. Property prices can fluctuate depending on supply levels, though rental demand remains strong. The CBD offers unparalleled access to employment, entertainment, and cultural amenities.

PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

Built

Recent Assessments