806/394-398 Collins StreetMelbourne VIC 3000
Property Details for 806/394-398 Collins St, Melbourne
806/394-398 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1876. The property has a land size of 1070m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (December 2024)
Located in a landmark building of exceptional historical significance, every aspect of this single-bedroom domain has been carefully considered to provide the finest in lifestyle comfort and inner-city allure. Built in 1876 as The Bank of Australasia, it has been reconceieved in a contemporary context as a residential sanctuary, blending old-world style and modern amenity with undeniable success.
From this exclusive position - with public transport at the doorstep - every conceivable amenity presents itself for immediate enjoyment. The restaurants, bars, cafes, and boutique outlets which constitute the cultural fabric of one of the world's most livable cities are all around, making this a turnkey opportunity of exceptional significance.
Alluring from a homeownership perspective and equally appealing from an investment point-of-view, this versatile and dynamic property has something for everyone.
The open-concept design boasts excellent natural light and generous proportions - perfect for home entertainment. The well-appointed kitchen comes with ample storage and European appliances. Features include an east-facing orientation, integrated heating & cooling, large bedroom, guest lounge, gymnasium, and Treasury restaurant & bar.
Premium amenity
Turnkey opportunity
Own or invest
East-facing entertaining
Heating & cooling
European appliances
Property History for 806/394-398 Collins St, Melbourne, VIC 3000
- 12 Dec 2024Sold
- 10 Oct 2024Listed for Sale Under Contract
- 22 Nov 2023Listed for Rent $500 / week
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0About 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 61,547 properties. Over the last 5 years, Houses in Melbourne have seen a 14.85% increase in median value, while Units have seen a -3.54% decrease. As at 30 November 2024:
- The median value for Houses in Melbourne is $1,252,430 while the median value for Units is $449,245.
- Houses have a median rent of $588 while Units have a median rent of $650.
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