501/394-398 Collins Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

501/394-398 Collins Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 49m2
Land area: 1430m2
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Property Details for 501/394-398 Collins St, Melbourne

501/394-398 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1876. The property has a land size of 1430m2 and floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
1876
Floor Size
49m2
Land Size
1430m2
Local Government
Melbourne
Lot/Plan
501/PS424955

Last Listing description (May 2026)

Over 150 year-old 'Treasury on Collins' building provides a sense of scale, craftsmanship, and permanent prestige that modern high-rises simply cannot replicate. For those who value character over the clinical, this is a rare chance to own a piece of Melbourne's history while enjoying a lifestyle of unparalleled contemporary convenience. One-of-a-kind residence that offers historical character Perfect sanctuary for professionals, frequent travelers, or those seeking a vibrant secondary home. Dramatic ceiling heights and premium timber underfoot. High-end European fit-out with an emphasis on storage. Oversized windows framing the prestigious Collins Street. Climate-controlled interiors and high-end carpeting in the bedroom. Exclusive, residents-only private gym located within the complex. Secure entry points and a dedicated layout designed for privacy. Moments from Flinders Street Station, Bourke street mall, shops and restaurants. For the first-home buyer, this is an aspirational entry into a prestigious postcode. For the downsizer, it's a lifestyle shift-where a car is optional and Melbourne's finest gardens, theatres, and galleries are at your doorstep. For the urban professional, proximity to the legal and financial precincts, alongside effortless access to Flinders Street Station, makes it the ultimate city base. A home that adapts to your pace-quiet when you need it, vibrant when you don't.Bathed in natural light, the residence features soaring ceilings and warm timber floors, framing an expansive open-plan design suited to both relaxed living and refined entertaining. At its centre, a gourmet kitchen showcases sleek cabinetry, premium European appliances, and a seamless workflow. The bedroom offers a peaceful retreat with floor-to-ceiling views across Collins Street, complemented by a designer bathroom with a deep soaking tub and integrated laundry. Ducted heating and cooling ensure year-round comfort.Positioned in the true heart of Melbourne, everything is within walking distance-from hidden laneway cafs to riverside walks along Southbank. Residents enjoy exclusive amenities, including a private gym and direct access to the Treasury Restaurant, all set behind a secure entry and grand marble foyer that offers a sense of calm from the moment you arrive.Set within a prestigious heritage building, this residence stands apart from the modern skyline-offering timeless character, enduring value, and a rare opportunity to own a piece of Melbourne's history while enjoying its future.

Property History for 501/394-398 Collins St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$460,000
28 Mar 2023
Listed for Rent
$400/w
07 Feb 2022
  • 15 Mar 2026
    Listed for Sale $420,000 - $460,000
  • 08 Jul 2025
    Listed for Rent $585 / week
  • 11 Mar 2025
    Listed for Sale $420,000 - $460,000
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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 64,264 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 300 properties listed for sale, and 168 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2665 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.