701/394-398 Collins Street, Melbourne, VIC 3000 sold on 21 August 2025 | OnTheHouse
 
SOLD
Sold on 21 Aug 2025 for $435,000

701/394-398 Collins Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
Land area: 1430m2
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Property Details for 701/394-398 Collins St, Melbourne

701/394-398 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1876. The property has a land size of 1430m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1876
Floor Size
57m2
Land Size
1430m2
Local Government
Melbourne
Lot/Plan
701/PS424955

Last Listing description (August 2025)

Built in 1876 as the Bank of Australasia, this architecturally designed building encompasses history and style.

This spacious 1 bedroom, 1 bathroom apartment located at 394 Collins Street offers a stylish combination of old world charm and contemporary finishes.

Entering this property to your open plan living and dining room, you are encompassed with natural light, original grace and large proportions, which flows through to your stylish kitchen with European appliances and ample storage.

Your generously sized bedroom with built-in-robes, carpeted flooring and large window, leads to your well appointed bathroom with shower over bath and internal laundry, creating functionality and style.

With integrated heating and cooling, security entrance via a stunning marble foyer, private access to the onsite gym and access to the Treasury Restaurant and bar, this apartment offers the best of heritage living in a superb location of Melbourne.

Located in the heart of Melbourne CBD and only a short walk from Flinders Street Station, Southbank, Bourke Street Mall, Emporium and all of Melbournes very best eateries, you can be sure to enjoy every aspect that this property has to offer.

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Property History for 701/394-398 Collins St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$435,000
21 Aug 2025
  • 21 Aug 2025
    Sold for $435,000
  • 12 Jun 2025
    Listed for Sale $450,000 - $480,000
  • 23 Aug 2017
    Sold for $472,500
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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 64,250 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 250 properties listed for sale, and 255 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2736 properties were sold in the past 12 months in Melbourne.

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