SOLD
Sold on 17 Oct 2023 for $5,300,000

1/498 Toorak Road
Toorak VIC 3142

Bedrooms: 3
Bathrooms: 3
Car spaces: 3
Floor area: 83m2
Land area: 649m2
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Property Details for 1/498 Toorak Rd, Toorak

1/498 Toorak Rd, Toorak is a 3 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1965. The property has a land size of 649m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 3 bedroom Unit sold in Toorak in the last 12 months.

Building Type
Unit
Year Built
1965
Floor Size
83m2
Land Size
649m2
Local Government
Stonnington
Lot/Plan
1/RP17116

Last Listing description (October 2024)

At a glance

* Construction commenced
* Award winning builder Conly

* Lift access
* Prestigious ground floor courtyard living

Abode

Located at 498 Toorak Road, this exceptional ground floor residence redefines opulence, seamlessly blending sophistication with contemporary allure. Offering a sanctuary of serenity and intimate grandeur, the bespoke joinery, sophisticated light-filled rooms, and premium materials ensure an environment of unmatched luxury. The apartment showcases dual living zones, separate study, bespoke cabinetry, ample storage and honed stone bench tops, textural walls and contrasting aged iron fixtures and fittings, timber flooring and plush wool carpet, terrazzo and quality porcelain tiles. The kitchen with butler?s pantry is equipped with top-of-the-line Gaggenau appliances, including integrated fridge, microwave, oven, dish-warmer, dishwasher, and cooktop. Each bedroom has its own ensuite with the master served by an opulent dressing room and a spa-like bathroom. The open living spaces flow effortlessly outdoors, creating a seamless connection between the refined interiors and the lush carefully curated exterior. Private lift access, three secure car spaces including car turntable, substantial storage, wine fridge and an unrivalled locale completes this ideal haven.

Area

Situated a stone?s throw from Toorak Village, FourNineEight offers unrivalled access to high-end restaurants, boutiques, and the newly updated streetscapes. Enjoy leisurely strolls through Como Gardens or indulge in a match at the Royal South Yarra Tennis Club.

Property History for 1/498 Toorak Rd, Toorak, VIC 3142

A timeline of how this property has performed in the market
Last Sold
$5,300,000
17 Oct 2023
  • 19 Jul 2024
    Listed for Sale Not Disclosed
  • 17 Oct 2023
    Sold for $5,300,000
  • 31 Jul 2021
    Sold for $2,185,000
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About Toorak 3142

The size of Toorak is approximately 4.3 square kilometres. It has 10 parks covering nearly 3.1% of total area. The population of Toorak in 2011 was 12,870 people. By 2016 the population was 12,907 showing a population growth of 0.3% in the area during that time. The predominant age group in Toorak is 20-29 years. Households in Toorak are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Toorak work in a professional occupation. In 2011, 61.7% of the homes in Toorak were owner-occupied compared with 61.7% in 2016.

Toorak has 9,192 properties. Over the last 5 years, Houses in Toorak have seen a 23.18% increase in median value, while Units have seen a -9.31% decrease. As at 31 August 2024:

  • The median value for Houses in Toorak is $4,783,984 while the median value for Units is $1,059,622.
  • Houses have a median rent of $1,300 while Units have a median rent of $600.
There are currently 10 properties listed for sale, and 11 properties listed for rent in Toorak on OnTheHouse. According to CoreLogic's data, 411 properties were sold in the past 12 months in Toorak.

Suburb Insights for Toorak 3142

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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.