1 Union Street, Port Melbourne, VIC 3207 | Property Value & History | OnTheHouse
OFF MARKET

1 Union Street
Port Melbourne VIC 3207

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 89m2
Land area: 94m2
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Property Details for 1 Union St, Port Melbourne

1 Union St, Port Melbourne is a 4 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 94m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in November 2019.

Building Type
Unit
Year Built
2005
Floor Size
89m2
Land Size
94m2
Local Government
Port Phillip
Lot/Plan
2/PS526693

Last Listing description (June 2026)

Whole floor proportions, Albert Park Lake parkland and city skyline outlooks and a level of finish rarely seen in apartment living combine to create a residence of remarkable scale and quiet luxury. Occupying the entire fourth floor within the luxurious K1 Residences, this refined three-four bedroom, two bathroom apartment with two basement car spaces delivers a calibre of living more often associated with a standalone home, elevated above one of Melbourne's most celebrated lifestyle precincts.Natural light moves effortlessly through expansive living and dining dimensions, where full height glazing, pale oak floors and a feature gas log fireplace create an atmosphere that feels both refined and substantial. Sliding glass doors opens to a broad covered terrace with views across Albert Park Lake parkland and the skyline beyond, offering a seamless continuation of the interiors and a setting designed equally for entertaining or quieter day to day living.The kitchen reflects the same uncompromising approach to design, appointed with Poliform6432 cabinetry, an oversized stone island, premium Swiss V-ZUG appliances, extensive storage and a separate butler's pantry, all finished within a refined and beautifully restrained material palette.Accommodation is intelligently separated from the living domain. The main bedroom suite is privately positioned with extensive robes, terrace access and a beautifully finished ensuite finished in natural stone with a freestanding bath and oversized walk in shower. Additional bedrooms are generous in scale, complemented by a second bathroom and flexible fourth bedroom or home office.Direct lift access into a substantial foyer, study nook, central heating and air conditioning, separate laundry, powder room, storage and two secure basement car spaces further enhance the apartment's sense of exclusivity and functionality. Positioned between the lake, the city and the bay, the location delivers an exceptional balance of openness and amenity. Walk or cycle around the lake, wander through Fawkner Park, explore the boutiques and dining scene of Toorak Road, or continue through to the cafes, bars and beachfront atmosphere of Fitzroy Street, Acland Street and St Kilda Beach. With trams providing direct CBD access, this is one of Melbourne's most connected and enduring lifestyle addresses in the world's most liveable city.

Property History for 1 Union St, Port Melbourne, VIC 3207

A timeline of how this property has performed in the market
Last Sold
$1,040,000
30 Nov 2019
Listed for Rent
$420/w
22 Nov 2005
  • 07 May 2026
    Listed for Sale $1,880,000 - $2,068,000
  • 30 Nov 2019
    Sold for $1,040,000
  • 06 Nov 2019
    Listed for Sale $1,000,000 - $1,100,000
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About Port Melbourne 3207

The size of Port Melbourne is approximately 10.1 square kilometres. There are 34 parks, covering nearly 11.2% of the total area. The population of Port Melbourne in 2016 was 16175 people. By 2021 the population was 17633 showing a population growth of 9.0% in the area during that time. The predominant age group in Port Melbourne is 30-39 years. Households in Port Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Port Melbourne work in a professional occupation.In 2021, 54.30% of the homes in Port Melbourne were owner-occupied compared with 50.50% in 2016.

Port Melbourne has 13,393 properties. Over the last 5 years, Houses in Port Melbourne have seen a -0.70% decrease in median value, while Units have seen a 0.22% increase. As at 31 May 2026:

  • The median value for Houses in Port Melbourne is $1,727,863 while the median value for Units is $844,356.
  • Houses have a median rent of $900 while Units have a median rent of $730.
There are currently 9 properties listed for sale, and 19 properties listed for rent in Port melbourne on OnTheHouse. According to Cotality's data, 545 properties were sold in the past 12 months in Port melbourne.

Suburb Insights for Port Melbourne 3207

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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.