2414/250 Elizabeth Street, Melbourne VIC 3000
2414/250 Elizabeth Street, Melbourne VIC 3000
Sub-penthouse corner position | 170m² internal space | North-facing city views | Zoned for top public schools
This unit’s substantial internal area and sub-penthouse orientation deliver a rarity in the CBD: genuine space and light with a premium aspect. Its north-facing, sun-drenched layout combined with zoning for sought-after public schools creates a competitive edge that serves owner-occupiers seeking an urban family base or investors targeting the high-demand student and professional demographic. The configuration transcends typical two-bedroom stock, positioning it for stronger capital retention.
The primary risk is the identified flood overlay, which necessitates specific due diligence on insurance costs and potential future regulations. A recent sale at $580,000, below the current asking range, provides a tangible anchor for price negotiation. The calculated gross rental yield of approximately 6.1% presents a solid income foundation. Acquire this property for long-term holding, leveraging its spatial and aspect advantages to outperform the median, but strictly condition the purchase on a satisfactory flood risk assessment.
Recent comparable sale: January 2026, $580,000.
Previous transaction: December 2010, $575,000.
The minimal price appreciation over fifteen years signals stagnant historical performance for this specific unit, starkly contrasting with broader market movements. This data firmly supports a purchase price at or very near the recent $580,000 figure, not the higher listed range, establishing a disciplined ceiling for your offer.
Detailed Independent Property Report prepared by PropCred Analyst team for 2414/250 Elizabeth Street, Melbourne VIC 3000
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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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
2
Land
3858m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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