1507/380 Little Lonsdale Street, Melbourne VIC 3000
1507/380 Little Lonsdale Street, Melbourne VIC 3000
2-bedroom, 1-bathroom unit on Level 15 in Melbourne CBD with full-length windows, built-in robes, and no parking. Market estimate around $422,000, listed between $440,000 and $460,000. Modern inner-city apartment, last sold in 2023.
What is competitively strong about this property is its high-floor position with full-length windows and an amazing view, which is a rare feature for a two-bedroom unit in this price bracket. The modern finishes and built-in robes add practical appeal for both investors and owner-occupiers seeking a stylish CBD base. Its location in the heart of Melbourne’s vibrant CBD means strong rental demand and excellent access to city amenities, though the lack of parking is a notable trade-off. This property is best suited for buyers who prioritise light, view, and location over car ownership.
The absence of on-site parking may materially affect the property’s value compared to similar units that include a space, potentially narrowing the buyer pool. The compact size relative to the asking price range of $440,000 to $460,000 might also be a consideration, as some buyers could find better value in slightly larger units or those with parking. However, the premium high-floor aspect and modern condition could offset these factors, so you should weigh how much the view and natural light matter to your lifestyle versus the convenience of parking.
Detailed Independent Property Report prepared by PropCred Analyst team for 1507/380 Little Lonsdale Street, Melbourne VIC 3000
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Melbourne’s core is defined by its unparalleled lifestyle proximity and tightening supply, attracting a broad buyer pool of owner-occupiers, downsizers, and investors. Sustained demand is driven by urban renewal, low vacancy rates, and robust sales activity, supporting solid price growth. Future prospects are underpinned by scarcity and gentrification, though affordability pressures and an easing of supply tightness present emerging headwinds for the market’s resilience.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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