508/399 Bourke Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

508/399 Bourke Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 4656m2
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Property Details for 508/399 Bourke St, Melbourne

508/399 Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces 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 October 2021.

Building Type
Unit
Year Built
1920
Land Size
4656m2
Local Government
Melbourne
Lot/Plan
508B/PS516258

Last Listing description (June 2024)

UNFURNISHED - Inner-city living doesn't get any better than this! Situated in the historic and iconic Neo- baroque Foundry building in one of Melbourne's most sought-after & vibrant locales, this is an exciting opportunity to immerse yourself amongst everything our magnificent city has to offer.

With soaring ceilings and quality appointments adding to its enormous appeal, this private and peaceful abode with the views to the GPO impresses with its spacious open plan design, well-equipped kitchen with stainless steel gas cooking, dishwasher and a convection microwave oven.

Additional features:

-Bar Fridge provided
-Natural light throughout
-Built-in robes
-A shower over bath bathroom
-Euro laundry
-Fixed panel heater will be installed prior to move in ad
- Lift access
-Iconic Melbourne views towards the GPO clock tower and the Bourke Street Mall from the balcony.

Leading restaurants, popular bars and countless cafes are readily at hand for endless enjoyment while trams and trains are within reach for the utmost in daily convenience. Melbourne's finest theatres, GPO hub, adjacent to McKillop Street and Hardware Lane, Melbourne Central shopping. RMIT University, Flagstaff Gardens, Queen Victoria Market, Melbourne University and Arts Precinct are also nearby. With so much on offer, do not let this incredible lifestyle proposition pass you by!

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Property History for 508/399 Bourke St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$288,000
27 Oct 2021
Listed for Rent
17 Jun 2024
  • 05 Jun 2024
    Listed for Rent $425 / week
  • 27 Oct 2021
    Sold for $288,000
  • 16 Sep 2021
    Listed for Sale $275,000-$300,000
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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 240 properties listed for sale, and 362 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 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.