704/394-398 Collins Street, Melbourne, VIC 3000 sold on 27 November 2025 | OnTheHouse
SOLD
Sold on 27 Nov 2025 for $375,000

704/394-398 Collins Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 47m2
Land area: 1430m2
Sold By
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Gotham Property
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Property Details for 704/394-398 Collins St, Melbourne

704/394-398 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 47m2. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1876
Floor Size
47m2
Land Size
1430m2
Local Government
Melbourne
Lot/Plan
704/PS424955

Last Listing description (January 2026)

Nestled in the heart of Melbournes bustling CBD within the widely known The Bank building, built in 1875, this thoughtfully designed studio apartment at 704/394 Collins Street combines heritage charm with modern urban convenience.

Step inside to discover an open-plan layout that seamlessly connects the living and dining zones. The kitchen area features sleek finishes and generous storage, flowing naturally into the light-filled living space to create a sense of openness and functionality. The adjoining bedroom area includes built-in robes, offering a tidy and efficient use of space.

The bathroom also serves as a combined laundry, adding practicality without compromising style. With quality fittings, a bathtub and washing facilities neatly integrated, every detail has been considered for easy inner-city living.

Located within a beautifully maintained building on iconic Collins Street, youll be surrounded by Melbournes best cafes, restaurants, shopping and public transport options. Whether youre walking to work, meeting friends at a nearby laneway bar, or enjoying the riverfront, everything the city has to offer is right at your doorstep.

This property offers a stylish, functional and perfectly positioned lifestyle that captures the essence of convenient city living.

Property History for 704/394-398 Collins St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$375,000
27 Nov 2025
  • 27 Nov 2025
    Sold for $375,000
  • 11 Nov 2025
    Listed for Sale $375,000 - $399,000
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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 64,297 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 248 properties listed for sale, and 374 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2735 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.