42/20 Bank Place, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

42/20 Bank Place
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 307m2
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Last updated 19 Jan 2026
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Property Details for 42/20 Bank Pl, Melbourne

42/20 Bank Pl, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1905. The property has a land size of 307m2. While the property is not currently for sale or for rent, it was last sold in April 2013.

Building Type
Unit
Year Built
1905
Land Size
307m2
Local Government
Melbourne
Lot/Plan
42/PS407840

Last Listing description (May 2013)

A SLICE OF HISTORY
SITUATED ON THE FOURTH FLOOR, ON OFFER HERE IS A CENTRALLY LOCATED, 40 SQUARE METER, NORTH FACING FURNISHED ONE BEDROOM APARTMENT WITH BATHROOM, LAUNDRY FACILITIES, AND OPEN PLAN KITCHEN AND LOUNGE AREA. THIS APARTMENT BOASTS VERY HIGH CEILINGS THROUGHOUT, LARGE PERIOD WINDOWS AND TRIPLE BRICK CONSTRUCTION. THIS HERITAGE LISTED PROPERTY HAS GOOD SECURITY AND IS IN ONE OF MELBOURNE?S HISTORIC LANES WITH ONLY A SHORT STROLL TO COLLINS STREET, THE ACCLAIMED SYRACUSE RESTAURANT, AND THE MYRIAD OF CAFE?S, BARS AND RETAIL OUTLETS ALONG LITTLE COLLINS STREET. PURCHASERS WILL HAVE THE OPTION TO OCCUPY THE APARTMENT THEMSELVES, RENT IT OUT PRIVATELY, OR PLACE IT BACK IN THE LEASE POOL WITH METRO INN. THIS WILL MAKE A VALUABLE ADDITION TO YOUR PROPERTY INVESTMENT PORTFOLIO OR A WONDERFUL TOWN PAD OR FIRST HOME. PREVIOUS RENTAL WAS APPROXIMATELY $326 PER WEEK ($17,000 PA) BODY CORP: $ 2,596 PA (APPROX) COUNCIL: $ 667 PA (APPROX) WATER: $ 189 PA (APPROX) FOR FURTHER DETAILS PLEASE CONTACT THE AGENT: ALTHOUGH EVERY CARE HAS BEEN TAKEN IN THE PREPARATION OF THE ABOVE INFORMATION, WE STRESS PARTICULARS HEREIN ARE FOR INFORMATION ONLY, AND DO NOT CONSTITUTE REPRESENTATION BY THE OWNER OR THE AGENT.

Property History for 42/20 Bank Pl, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$285,000
15 Apr 2013
  • 15 Apr 2013
    Sold for $285,000
  • 18 Feb 2013
    Listed for Sale $290,000
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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 64,286 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 238 properties listed for sale, and 370 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2762 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.