1602/31 Spring Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1602/31 Spring Street
Melbourne VIC 3000

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 206m2
Land area: 695m2
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Property Details for 1602/31 Spring St, Melbourne

1602/31 Spring St, Melbourne is a 3 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2000. The property has a land size of 695m2 and floor size of 206m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
Unit
Year Built
2000
Floor Size
206m2
Land Size
695m2
Local Government
Melbourne
Lot/Plan
1602/PS411586

Last Listing description (October 2024)

Distinguished by two expansive alfresco terraces aligned for celebrating world-class vistas of Melbourne's most iconic sporting and cultural landmarks, this luxurious, recently renovated three-bedroom, three-bathroom sub-penthouse apartment is exclusively located in Spring Street's esteemed Philadelphia building.

Ensuring an impressive entrance, the super-fast elevator from the refined gallery-like lobby opens directly to the 16th-floor apartment's entry door. Newly carpeted and fitted with linen sheers, the expansive open-plan living space features floor-to-ceiling glass and offers effortless connectivity to the south-westerly facing entertainment terrace where the stunning CBD views extend to the Bay with the Arts Centre spire in the foreground. Re-surfaced Oak herringbone flooring sweeps through the elevated culinary space, equipped with high-end appliances including a Bosch oven, gas cooktop and integrated dishwasher. Commanding north-easterly facing corner views, the stunning master domain has a luxe fitted walk-in robe and floor-to-ceiling tiled shower ensuite, and from the rear alfresco terrace, see the sunrise over the Treasury Gardens with The Dandenongs as the backdrop, hear the roar of the crowd at the MCG and marvel at the historic splendour of the Old Treasury Building and St. Patricks Cathedral. Freshly painted and updated throughout, the spacious 221 sqm approx. layout also comprises a guest bedroom with shower ensuite, the third bedroom (or home office), the main bathroom with built-in tub, a laundry room, and plenty of cupboard space. Additional features include central heating and cooling, two basement car spaces (direct basement elevator) plus basement storage.

The architecturally striking building on the corner of Spring Street and Flinders Lane offers video security intercom entry, an on-site manager, and stunning residents' amenities including a roof-top deck with a heated swimming pool and incredible 360-degree views. An effortless CBD lifestyle is assured in this enviable 'Paris End' location, just a few minutes' walk to Parliament Station, across the road to the greenery of Treasury Gardens which flows through to the Fitzroy Gardens, and mere metres to Collins Place shops, cafes, restaurants and cinemas. Immerse yourself in city life, walk to the 'G', or the tennis, theatres and chef-hatted restaurants.

Property History for 1602/31 Spring St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$2,875,000
24 Sep 2024
Listed for Rent
$1.30k/w
13 Jul 2018
  • 24 Sep 2024
    Sold for $2,875,000
  • 28 Aug 2024
    Listed for Sale $2,800,000 - $2,950,000
  • 09 Jul 2018
    Listed for Rent - Price not available
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of 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 64,288 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 246 properties listed for sale, and 359 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2743 properties were sold in the past 12 months in Melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.