501/399 Bourke Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

501/399 Bourke Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 4656m2
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Last updated 19 Jan 2026
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Property Details for 501/399 Bourke St, Melbourne

501/399 Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1920. The property has a land size of 4656m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
Unit
Year Built
1920
Land Size
4656m2
Local Government
Melbourne
Lot/Plan
501B/PS516258

Last Listing description (June 2022)

Taking pride of place on the 5th level of the heritage Foundry building, this rare apartment offers up light-filled spaces in the heart of the CBD. With soaring double height ceilings and expansive windows capturing views across to the old GPO building and Bourke Street Mall!

Featuring a sleek kitchen with stone bench tops and a stainless steel oven with gas cooktop, the flowing floor plan also offers a versatile large open plan multi-use bedroom

European laundry facilities and split system heating/cooling are also offered along with secure entry to the building .

There is a vibrant world of bars, restaurants & shops waiting to be enjoyed quite literally at the doorstep of this exceptional city dwelling, which would make an ideally central bolthole for busy professionals or a wise city investment.

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Property History for 501/399 Bourke St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$340,000
07 Jun 2022
  • 07 Jun 2022
    Sold for $340,000
  • 18 May 2022
    Listed for Sale For Sale Via Private Negotiation
  • 26 Jul 2017
    Sold for $333,000
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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 243 properties listed for sale, and 367 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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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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