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Back 16/20 Bank Place
Off Market

16/20 Bank Place

Melbourne VIC 3000

1
1
35 m²
Apartment
Mike WestonMike Weston, last sold this property on 30 September 2025 after 12 days on market.

Overview

Rare Opportunity

Discover a unique opportunity to acquire a 35m² approx. front unit in Melbourne's vibrant CBD, situated within a historic Circa 1906 Heritage Building overlooking Bank Place. This versatile space is ideal for conversion into a stylish apartment or a modern office, offering significant potential in a thriving commercial and residential hub. Features Include: - In a prime location nestled amidst office towers, cafes, restaurants, and excellent public transport links, providing convenience and high visibility - Development potential with ample scope for conversion into an apartment (STCA) within the Development Zone CCZ1, ideal for investors or developers - High rental yield potential within a strategic position in Melbourne's booming CBD promises attractive returns - Heritage appeal adding character and charm to the space. Please Note: The property currently does not include a bathroom Don’t miss this rare chance to secure a piece of Melbourne’s CBD real estate landscape. Act quickly, inspections are highly recommended! For more information or to arrange a viewing, contact Mike Weston 0458 000 456 or email michael@westonrealestate.melbourne Weston Real Estate is a reputable, independent agency that prides itself on delivering exceptional, personalized service to our clients. With over three decades of experience, we have established a strong reputation for honesty, integrity, and open communication. Our dedicated team is committed to providing you with the highest level of expertise and service in both sales and rental management. Whether you are looking to buy, sell, rent, or manage your property, we are here to guide you through the process with professionalism and care. Our extensive knowledge of the Melbourne market ensures that we can provide you with accurate and informed advice. For a sales or rental appraisal of your property, please don't hesitate to contact the owner, Mike Weston, directly on 0458 000 456. We look forward to the opportunity to serve you. Property Code: 705

Features

1 bedroom
1 bathroom
35 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 16/20 Bank Place is $344.33k.

Median value
$344.33k
Estimated value range
$39k - $935k
Median days on market
37
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 16/20 Bank Place

2025
Sold
Undisclosed
30 Sep 2025 by Mike Weston, of Weston Realty P/L
2024
Sold
Undisclosed
30 Oct 2024 by Mike Weston, of Weston Realty P/L

Happy sellers in Melbourne

84%
84% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 133 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 582 one-bedroom apartments similar to 16/20 Bank Place, have been sold.

This represents a 14% increase in one-bedroom apartments sales when compared to the previous 12 months.

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