506/399 Bourke Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
 
FOR SALE

506/399 Bourke Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
Land area: 51m2
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Stylish Central City Location with a GPO Outlook

High ceilings, polished concrete floors and a Juliette balcony overlooking Melbourne’s iconic GPO set the scene for stylish living in the heart of the city.
The kitchen features Smeg gas hotplates and rangehood, a convection oven and a Fisher & Paykel dishwasher. A fully tiled bathroom with a full-sized bath and a separate European laundry add everyday practicality, while air conditioning and a secure car space complete the package.
With
Hardware Lane, Bourke Street Mall, Equitable Place and Bank Place on your doorstep, your favourite café, a leisurely lunch or an evening out are all within easy reach. Explore Melbourne’s shopping, dining and entertainment, with trams at your door to take you further afield.
Currently leased at $2,412 per calendar month until July 2027, the apartment offers immediate rental income for investors and the opportunity to move in next year.
An appealing city home, convenient Melbourne base or solid investment combining character, comfort and an enviable central address.
Inspect as advertised or contact Susan to arrange a private appointment.

Property Details for 506/399 Bourke St, Melbourne

506/399 Bourke St, Melbourne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 51m2 and floor size of 50m2. The place is currently for sale with Holly Prestige Property .

Building Type
Apartment
Floor Size
50m2
Land Size
51m2
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% 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 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,802 properties. Over the last 5 years, Houses in Melbourne have seen a -28.12% decrease in median value, while Units have seen a 0.93% increase. As at 31 August 2026:

  • The median value for Houses in Melbourne is $1,383,053 while the median value for Units is $444,901.
  • Houses have a median rent of $713 while Units have a median rent of $680.
There are currently 279 properties listed for sale, and 294 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2306 properties were sold in the past 12 months in Melbourne.

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Susan Holly
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Holly Prestige Property
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