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401/1 Union Street, Melbourne$1.97m
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For Saleapartment

401/1 Union Street

Melbourne, VIC 3004, Australia
$1.88m – $2.07m
4 bed 2 bath 2 car

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About this property

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 Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
4
Bathrooms
2
Parking
2
Listed
2 months ago

Repayment calculator

$9,570/month
$4,785 /fortnight
Loan $1,579,200 at 6.10% over 30 years

Upfront costs

Deposit$394,800
Stamp duty$108,570
Conveyancing (est.)$2,000
Total upfront$505,370
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Melbourne

This 4-bedroom apartment in Melbourne, VIC 3004 sits within reach of public transport, local shops and nearby schools. It is listed 213% above the $630,000 median of 59 comparable apartmentswithin 5 km.

Schools near Melbourne

  • Eltham College - Lonsdale Street Campuscombined
  • Melbourne Grammar Schoolcombined · Prep-12 · CoEd
  • Melbourne Grammar School - Wadhurst Campuscombined
  • Victorian College For The Deafcombined · U · CoEd
  • Wesley Collegecombined · Prep-12 · CoEd
  • Holmes Grammar Schoolsecondary · 11-12

What's nearby

  • Southgate Landing - Berth 1 (ferry)3.9 km away
  • Rapha5.0 km away
  • Market Street Park4.3 km away
  • Unnamed4.5 km away
  • Unnamed4.8 km away

Melbourne at a glance

Full suburb profile
Population
54,941
Median age
29
Household income
$1,448/wk
Median rent
$381/wk
Median mortgage
$1,800/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Melbourne price trend

Median sold · Unit 1 bed

Compound growth -0.8% / yr over 4 yrs

$345kcurrent median

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Price history

Listing price changes

1 price change recorded for this property

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