SOLD
Sold on 08 May 2024 for $1,500,000

3B/516 Toorak Road
Toorak VIC 3142

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 2607m2
Sold By
Jellis Craig Hawthorn
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Property Details for 3b/516 Toorak Rd, Toorak

3b/516 Toorak Rd, Toorak is a 3 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 2607m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom Unit sold in Toorak in the last 12 months.

Building Type
Unit
Land Size
2607m2
Local Government
Stonnington
Lot/Plan
3B/PS416264

Last Listing description (November 2011)

A Distinguished Half Floor of Entertaining Elegance
Be impressed by the size and stature of this 3rd floor 20 squares approx 2 bedroom plus study or 3rd bedroom with
2.5 bathroom security residence.

Enjoying beautiful northern aspects to the manicured gardens below, this elegantly refurbished half floor apartment enjoys a superb sun-drenched lounge dining room, marble tiled sunroom, granite kitchen with meals area and island bench, substantial master bedroom with fitted WIR, custom cabinetry, & marble ensuite, 2nd double bedroom with BIRs and ensuite, spacious study or 3rd bedroom, powder room, & separate laundry.
In this tightly held building with granite
entry lobby, lift access, a resident manager and glorious gardens, this acclaimed apartment features air conditioning, video intercom, security alarm, excellent storage and double basement garaging.
Set well back in this elevated position, moments to Toorak Village, tram, boutiques, restaurants and cafes.

Property History for 3b/516 Toorak Rd, Toorak, VIC 3142

A timeline of how this property has performed in the market
Last Sold
$1,500,000
08 May 2024
  • 08 May 2024
    Sold for $1,500,000
  • 21 Oct 2011
    Listed for Sale Not Disclosed

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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 9,176 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 10 properties listed for sale, and 15 properties listed for rent in Toorak on OnTheHouse. According to CoreLogic's data, 387 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.