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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Location
Market Insights for Melbourne VIC 3000
New Listings (last 30 days)
87
Average price
$610,096
Lowest price
$170,000
Highest price
$2,651,674
Other properties in this postcode

31 Spring Street, Melbourne VIC 3000

$475,000 - $520,000

Apartment 1 Bed 1 Bath 1 Car 55 m²
Listed: 19 days ago
Updated: 6 days ago
Overview

This contemporary apartment is located in the prestigious Philadelphia complex, placed at the corner of Flinders Lane and directly opposite the picturesque Treasury Gardens. Its location offers unmatched access to Melbourne’s vibrant city life, including proximity to green spaces, cultural landmarks, and prominent public transport options such as the free tram network and Parliament Station. The home is perfectly positioned for those who value a cosmopolitan lifestyle with everything the CBD offers within walking distance.

Inside, the apartment benefits from a light-filled open-plan living area, accentuated by floor-to-ceiling windows that seamlessly connect the interior to the full-width balcony overlooking the lush Treasury Gardens, providing a tranquil view amid the cityscape. This design lends itself to relaxed entertaining or peaceful mornings surrounded by natural light and greenery.

The secure drive-in car space included on title enhances convenience and accessibility in a busy urban environment. The property is offered with vacant possession, appealing to owner-occupiers and investors alike — supported by a current estimated rental return which indicates good investment potential.

Ideal for professionals or downsizers seeking a well-appointed, low-maintenance home in a sought-after address, this apartment combines a prime location, thoughtful design, and lifestyle amenities. The neighbourhood is enriched with a variety of dining, bar, and café options on nearby Flinders Lane, Spring Street, and Collins Street, anchoring the property within Melbourne’s celebrated Paris End precinct.

Local Market Insights

In Melbourne, Quiet Listings observed 87 new apartments entering the market over the last 30 days, up from 70 during the previous 30-day period, with an average advertised asking price of $610,096. The property type mix of listed properties is predominantly Apartments at 68%, followed by commercial properties (29%), and units (3%). The most active agency for apartments in the Melbourne area is currently Dingle Partners, representing 15% of new listings, followed by Melbournian Property Group 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.