310/399 Bourke StreetMelbourne VIC 3000
Property Details for 310/399 Bourke St, Melbourne
310/399 Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1918. The property has a land size of 4656m2 and floor size of 41m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Last Listing description (May 2026)
Positioned within the iconic The Foundry building, Apartment 310/399 Bourke Street presents a rare opportunity to secure a beautifully maintained residence featuring a unique 1-bedroom layout-seldom offered and highly sought after within the building.
Showcasing soaring ceilings and timeless heritage charm, the apartment has been thoughtfully updated with brand-new flooring, enhancing its already impressive sense of space and style. The light-filled living and dining area offers a comfortable and versatile layout, complemented by a well-appointed galley kitchen featuring quality appliances and ample storage.
The generously sized bedroom includes built-in robes, while the modern bathroom is neatly finished and incorporates a convenient Euro laundry. Offered in excellent condition throughout, the property also presents the potential for furniture inclusion, making it an ideal turnkey option for both owner-occupiers and investors.
For investors, this is an outstanding opportunity to capitalise on strong rental performance, with low ongoing outgoings and the ability to achieve a high rental return. The property is expected to deliver an attractive gross yield of approximately 9.5%, making it a compelling addition to any portfolio.
Perfectly located in the heart of the CBD, enjoy immediate access to Bourke Street Mall, Hardware Lane, and Chinatown Melbourne, along with world-class dining, retail, and public transport all at your doorstep.
A superb blend of heritage elegance, strong investment appeal, and modern comfort in an unbeatable city location.
Property History for 310/399 Bourke St, Melbourne, VIC 3000
- 15 Apr 2026Listed for Sale $290,000 - $315,000
- 06 May 2024Sold for $270,000
- 08 Apr 2024Listed for Sale $275,000 - $300,000
Recent sales nearby
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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 64,273 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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