SOLD
Sold on 16 Jul 2024 for $1,575,000

1001/505-507 St Kilda Road
Melbourne VIC 3004

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Land area: 169m2
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Property Details for 1001/505-507 St Kilda Rd, Melbourne

1001/505-507 St Kilda Rd, Melbourne is a 3 bedroom, 2 bathroom Unit and was built in 2009. The property has a land size of 169m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2009
Land Size
169m2
Local Government
Melbourne
Lot/Plan
1001/PS544814

Last Listing description (August 2024)

Boasting an unrivalled position on Melbourne's most distinguished boulevard, this residence offers a sophisticated lifestyle with spectacular vistas from the city across Albert Park Lake to Port Phillip Bay.

Set in the Fawkner Tower of the 505 St Kilda Road complex, designed by award-winning Fender Katsalidis, this three bedroom apartment's light-filled interiors are both compelling and low maintenance. It is an apartment for all seasons, suited equally to downsizers, professionals or anyone wanting a city base.

The entry hall leads to the generous dining and living room where glazed doors provide a smooth transition to the wintergarden for sheltered indoor-outdoor living while soaking up the panoramic views. The kitchen with marble benches features a collection of Gaggenau appliances including an integrated dishwasher.

At the other end of the apartment the spacious main bedroom includes a walk-in robe and luxe ensuite, while two more bedrooms with built-in robes share the central bathroom.

More features of this attractive residence are the powder room, central heating and cooling, Euro laundry, Cbus system, security entrance with intercom and two secure car parks plus two storage cages.

Residents enjoy fantastic amenities including a seven-day concierge, 25 m heated indoor pool, gymnasium, his and her sauna and steam room as well as having direct access to the green expanses of Fawkner Park.

Take the tram along St Kilda Road or walk to the Botanic Gardens, the Arts Centre and CBD. South Melbourne Market, Albert Park Lake and South Yarra's boutiques, cafes, restaurants and several highly regarded schools are all nearby.

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Property History for 1001/505-507 St Kilda Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
$1,575,000
16 Jul 2024
Listed for Rent
$1.12k/w
15 Aug 2015
  • 16 Jul 2024
    Sold for $1,575,000
  • 02 Nov 2023
    Listed for Sale $1.6m to $1.7m
  • 30 Jul 2015
    Listed for Rent - Price not available
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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% 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 13,429 properties. Over the last 5 years, Houses in Melbourne have seen a 15.95% increase in median value, while Units have seen a -5.15% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,437,130 while the median value for Units is $659,144.
  • Houses have a median rent of $620 while Units have a median rent of $625.
There are currently 86 properties listed for sale, and 50 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 634 properties were sold in the past 12 months in Melbourne.

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