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Back 601/398 Elizabeth Street
Off Market

601/398 Elizabeth Street

Melbourne VIC 3000

1
1
Apartment
Last sold for $390,000
Kay LimKay Lim, last sold this property on 10 September 2024 after 1289 days on market.

Overview

In-Room/Online Auction | Sophistication & Breathtaking Space In Architecturally Acclaimed Empire

Situated in the iconic "Empire" building, known for its architectural presence, unrivalled luxury and sophistication, this unique 70sqm dual-level apartment is a rare opportunity of first-class prestige. A double-height ceiling, state-of-the-art finishes and timber floors create a spectacular impact throughout its over-sized proportions, with expansive open-plan living/dining incorporating a deluxe kitchen flaunting illustrious stone surfaces and high-end appliances. The upper-level is dedicated to a palatial-sized bedroom, lavishly appointed with a stunning ensuite/WIR, while heating/AC, study, powder room and balcony add to the exclusivity of this heart-of-the-city retreat. Residents will gravitate to the facilities including a pool, gym, yoga studio, executive lounge, dining room for large-scale entertaining and a Blue-chip location, seconds from RMIT and surrounded by the Queen Victoria Market, Melbourne University, the State Library, supermarkets and premium retail at Melbourne Central and QV. Disclaimer: We have in preparing the content used our best endeavours to ensure that the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist Areal Property's in-room auctions, held at 33 Camberwell Rd, Hawthorn East, VIC, 3123, allow both in-person and online participation. We retain the right to withdraw properties without prior notice. Auctions start promptly at 6:30 PM, and registration with the property's sales agent is required for participation. All auctions adhere to Sale of Land (Public Auctions) Regulations 2024. For further details, please contact Areal Property.

Features

1 bedroom
1 bathroom
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 601/398 Elizabeth Street is $350k.

Median value
$350k
Estimated value range
$39k - $935k
Median days on market
35
Estimated value trend
2%
increase 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 601/398 Elizabeth Street

2025
Rented
Undisclosed
Leased on 21 Aug 2025 by Ray White Southbank | Melbourne City
2025
Rented
Undisclosed
Leased on 16 Apr 2025 by Ray White Southbank | Melbourne City
2024
Sold
$390,000
10 Sep 2024 by Kay Lim, of Areal Property Box Hill

Happy sellers in Melbourne

85%
85% 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 126 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 608 one-bedroom apartments similar to 601/398 Elizabeth Street, have been sold.

This represents a 10% increase in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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Annamaria Stella

Annamaria Stella is an award winning recommended agent for Melbourne.  They have 14 local sales and collected 19 local reviews across the last 12 months.

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  •  19 Reviews in Melbourne
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Dionne Wilson

Sellers who recommend Dionne Wilson have praised them for being clear communication, local expert, honest, responsive, supportive, dedicated and friendly

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Philip Middlemiss

Sellers who recommend Philip Middlemiss have praised them for being local expert, clear communication, responsive, supportive, well-prepared, strategic and reliable

  •   5   (120 reviews)
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Catherine Sheo

Catherine Sheo is a recommended agent for Melbourne.  They have 12 local sales and collected 9 local reviews across the last 12 months.

  •   4.9   (59 reviews)
  •  9 Reviews in Melbourne
  •  12 Sales in Melbourne
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