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Location

Market Insights for Melbourne VIC 3004

New Listings (last 30 days)

Average price

$1,239,783

Lowest price

$200,000

Highest price

$5,500,000

101/K1 Union Street, Melbourne VIC 3004

$2,300,000 – $2,500,000

Search Band

$2.3M - $2.4M High Confidence Calculated based on strong search observations.

Apartment 3 beds 2 baths 2 cars

Listed: 22 days ago

Updated: 20 hours ago

Overview

Set within the prestigious K1 Residences, this elegant apartment offers a luxurious lifestyle accentuated by seamless indoor-outdoor living and sophisticated design. Spanning a substantial area traditionally associated with houses, the property features expansive living and dining spaces illuminated by floor-to-ceiling windows, allowing natural light to bathe the interiors throughout the day.

The residence showcases three robed bedrooms and two stylish bathrooms, complemented by a dramatic entertainers’ kitchen equipped with premium Swiss V-ZUG appliances, stone benchtops, and a walk-in pantry. Beyond the kitchen, two enclosed balconies provide intimate sanctuaries ideal for morning coffee or relaxed entertaining.

A separate home office enhances flexibility, catering to modern work-from-home needs or potential as a guest room or secondary living area.
Thoughtful features such as private elevator entry, warm timber flooring, a gas fireplace, and security intercom contribute to refined comfort and convenience.
Basement parking accommodates two vehicles, alongside a full-sized laundry and reverse cycle heating and cooling for year-round comfort.

Located just moments from the tranquil Albert Park Lake and the vibrant boulevards of Melbourne, residents benefit from proximity to renowned parks, boutique shopping precincts, eclectic dining options, and Melbourne’s iconic beach. The easy access to Melbourne CBD via tram positions this apartment as an exceptional choice for discerning buyers seeking a sophisticated urban lifestyle infused with luxury, comfort, and convenience.

Local Market Insights

In Melbourne, Quiet Listings observed 23 new apartments entering the market over the last 30 days, up from 21 during the previous 30-day period, with an average advertised asking price of $1,239,783. The property type mix of listed properties is predominantly Apartments at 96%, followed by commercial properties (4%). The most active agency for apartments in the Melbourne area is currently Marshall White, representing 13% of new listings, followed by Kay & Burton with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.