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Sold on 07 Feb 2024 for $425,000

404/8 Exploration Lane
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Property Details for 404/8 Exploration Lane, Melbourne

404/8 Exploration Lane, Melbourne is a 2 bedroom, 2 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Apartment sold in Melbourne in the last 12 months.

Building Type
Apartment
Local Government
Melbourne
Lot/Plan
404/PS606543

Last Listing description (February 2024)

With a superb Melbourne CBD location, this stylish 2 bedroom, 2 bathroom apartment is one you won't want to miss. Perfectly placed towards the Paris End of Melbourne, this chic city home is close to public transport and universities.

The home opens up to the open plan kitchen and living zone, with the kitchen featuring a stone benchtop, gas cooktop, glass splash-back, intergraded dishwasher drawer, and plenty of storage.
The living room opens up to a generous balcony overlooking Explorations Lane.

Back inside, the master bedroom offers built-in robe storage and a modern ensuite, with the 2nd bedroom also offering a built-in-robe.
The main bathroom is also modern. Rounding out this city pad is a European laundry, reverse cycle heating and cooling, secure intercom entry, and access to resort-style facilities including pool, spa, gym, and sauna.

Everything the CBD has to offer is right on your door step, including QV Melbourne, Melbourne Central, State Library of Victoria, Melbourne's theatre district, RMIT University, University of Melbourne, Carlton Gardens, Treasury Gardens, Fitzroy Gardens, free trams, and Parliament Station.

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Property History for 404/8 Exploration Lane, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$425,000
07 Feb 2024
Listed for Rent
$530/w
16 Jan 2019
  • 25 Jan 2024
    Sold for $425,000
  • 06 Nov 2023
    Listed for Sale Not Disclosed
  • 01 Sep 2018
    Listed for Rent $530 / week
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 60,851 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 355 properties listed for sale, and 306 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2128 properties were sold in the past 12 months in Melbourne.

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