SOLD
Sold on 01 Aug 2024 for $535,000

509/1 Roy Street
Melbourne VIC 3004

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 82m2
Land area: 2334m2
Sold By
Belle Property Albert Park
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Property Details for 509/1 Roy St, Melbourne

509/1 Roy St, Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2003. The property has a land size of 2334m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2003
Floor Size
82m2
Land Size
2334m2
Local Government
Port Phillip
Lot/Plan
509/PS446158

Last Listing description (September 2024)

Experience the perfect blend of lakeside and park-side living in this 5th-floor apartment located in the 'SCALA' complex. Offering privacy and modernity, this residence boasts a spacious, open-plan living and dining area designed for versatility, leading to a beautiful full-length balcony framed by floor-to-ceiling windows.

The apartment features a sleek stone kitchen equipped with high-end appliances, a main bathroom with elegant marble accents, and two generously sized bedrooms. The master bedroom includes built-in robes and is serviced by an adjoining ensuite. Central heating and cooling ensure perfect temperatures throughout the year, and a dedicated laundry room, along with two car spaces in a secure garage.

Residents of the 'SCALA' complex enjoy exclusive access to exceptional communal facilities, including a gym, pool, sauna, spa, steam room, and BBQ area.

Located in a prime area, this apartment offers the convenience of nearby lively shopping and dining precincts. It is within walking distance of Prahran Market, cafes, and restaurants, as well as lush reserves and parklands. The location also falls within coveted schooling zones and offers easy access to Albert Park Lake walking trails. Public transport is readily available with frequent trams to Melbourne CBD, making commuting a breeze.

Property History for 509/1 Roy St, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
$535,000
01 Aug 2024
Listed for Rent
$520/w
15 Dec 2016
  • 01 Aug 2024
    Sold for $535,000
  • 23 May 2024
    Listed for Sale Not Disclosed
  • 08 Nov 2016
    Listed for Rent $520 / week
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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 13,436 properties. Over the last 5 years, Houses in Melbourne have seen a 10.42% increase in median value, while Units have seen a -4.84% decrease. As at 30 September 2024:

  • The median value for Houses in Melbourne is $1,244,874 while the median value for Units is $659,247.
  • Houses have a median rent of $628 while Units have a median rent of $630.
There are currently 93 properties listed for sale, and 40 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 607 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3004

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.