SOLD
RECENT ADVICE
Sold on 09 Aug 2024 for $1,060,000

601/31 Spring Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 601/31 Spring St, Melbourne

601/31 Spring St, Melbourne is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Apartment sold in Melbourne in the last 12 months.

Building Type
Apartment

Last Listing description (August 2024)

Expression of Interest Closing 22nd August at 12 noon ( unless sold prior)

Prestige and beauty unite to create one of Melbourne’s most sought-after residences.

The Philadelphia Building is highly regarded with owner occupier buyers for obvious reasons. Windows reveal a historic streetscape, capturing the magnificent Treasury Building and Gardens, through the floor to ceiling windows that jut out over Spring Street.
This quality city home offers an enviable lifestyle for its privileged residents. The high ceilings boast the lux feel that is here. There is not a single thing to do in this apartment as the residence has enjoyed a standout renovation, creating sophistication and contemporary design. The gorgeous herringbone timber floors complete the beautiful picture.
Offering two spacious bedrooms, each with extensive built in robes and an immaculate modern bathroom. The kitchen is complete with marble tiled splashbacks and all new Stainless steel Bosch gas cooktop and oven. There's a dishwasher too and Euro laundry. Fully airconditioned throughout and with on site building manager.
There is also a secure carpark on title.

Property History for 601/31 Spring St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$1,060,000
09 Aug 2024
Listed for Rent
$650/w
25 May 2023
  • 09 Aug 2024
    Sold for $1,060,000
  • 25 Jul 2024
    Listed for Sale $955,000 - $1,050,000
  • 10 Mar 2023
    Listed for Rent $700 / 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 60,855 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 400 properties listed for sale, and 322 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2111 properties were sold in the past 12 months in Melbourne.

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