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Sold on 19 Oct 2024 for $1,586,000

16/512 Toorak Road
Toorak VIC 3142

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 176m2
Land area: 2290m2
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Property Details for 16/512 Toorak Rd, Toorak

16/512 Toorak Rd, Toorak is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1965. The property has a land size of 2290m2 and floor size of 176m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom Unit sold in Toorak in the last 12 months.

Building Type
Unit
Year Built
1965
Floor Size
176m2
Land Size
2290m2
Local Government
Stonnington
Lot/Plan
16/LP78585

Last Listing description (October 2024)

A spectacularly proportioned, three bedroom, 'Greenways' residence, sharing the entire eighth floor of this Toorak icon with just one other, this lavishly light-filled, north-facing apartment reveals a sweeping panorama that extends from the towers of the CBD, past Mount Dandenong and all the way around to the waters of Port Phillip Bay. Grandly elevated above Toorak Road and blissfully sheltered from its vibrancy by lush established gardens, the apartment manages to deliver a private sense of sanctuary whilst framing some of Melbourne's finest views.
A well-designed kitchen / meals sits semi-attached to a vast lounge / dining room that faces the north and connects to a sunroom / winter room where the natural light and city views are the star attractions. Meanwhile, the main bedroom is particularly large with bay views, both walk-in and built-in robes, as well as an ensuite where the shower is independent to the bathtub. Importantly, the second bedroom enjoys semi-ensuite access to a second bathroom, while a huge study with built-in cupboard space offers terrific scope as a third bedroom.
Conveniently, the home enjoys exclusive use of its own remote access double lock-up garage, as well as secure video entry and an on-site caretaker. Freshly painted and recarpeted, the home also features wonderful storage options including a substantial storeroom, a laundry, visitor parking, central heating and air conditioning.

Positioned perfectly to enjoy the lifestyle allure of Toorak Village, Hawksburn Village, Como Park and the Yarra River, the apartment also offers easy city commuting via tram and delivers all the unique points of differentiation so craved by savvy investors.

Property History for 16/512 Toorak Rd, Toorak, VIC 3142

A timeline of how this property has performed in the market
Last Sold
$1,586,000
19 Oct 2024
Listed for Rent
$750/w
31 Jan 2012
  • 19 Oct 2024
    Sold for $1,586,000
  • 24 Sep 2024
    Listed for Sale $1,300,000 - $1,400,000
  • 19 Jan 2012
    Listed for Rent - Price not available
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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 9,183 properties. Over the last 5 years, Houses in Toorak have seen a 5.51% increase in median value, while Units have seen a -8.02% decrease. As at 31 October 2024:

  • The median value for Houses in Toorak is $4,837,331 while the median value for Units is $1,045,580.
  • Houses have a median rent of $1,325 while Units have a median rent of $600.
There are currently 11 properties listed for sale, and 16 properties listed for rent in Toorak on OnTheHouse. According to CoreLogic's data, 390 properties were sold in the past 12 months in Toorak.

Suburb Insights for Toorak 3142

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Marshall White - Stonnington
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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.