1601/318 Queen Street, Melbourne, Vic 3000

Price Guide$500,000 - $530,000& Offers Welcome

Apartment
Type
2
Bedrooms
1
Bathrooms

Published on Tuesday, July 28, 2026 ( See property details for 1601/318 Queen Street, Melbourne, Vic 3000)

Price Guide$500,000 - $530,000& Offers Welcome

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, well-appointed two-bedroom apartment on the 16th floor of the prestigious Paragon building, offering luxury amenities and prime CBD living in Melbourne.

🏡 Property Highlights

  • Elevated 16th-floor position in the prestigious Paragon building
  • Contemporary two-bedroom apartment with modern amenities
  • Resort-style facilities including heated pool, spa, sauna, and gym
  • Prime CBD location close to universities, transport, and amenities
  • Strong rental appeal with estimated weekly rent of $780
  • Designed by renowned architects Fender Katsalidis

✨ Key Features

  • Built in robes
  • Open-Plan Living
  • Dishwasher
  • Water tank
  • Security Screens / Gates
  • Floorboards
  • Gym
  • Indoor Pool
  • Security Cameras
  • European laundry

Melbourne’s CBD offers vibrant city living with easy access to world-class dining, shopping, and entertainment. Key highlights include proximity to major universities like RMIT and Victoria University, excellent public transport options, and a dynamic urban lifestyle. The area boasts beautiful parks, cultural attractions, and a thriving business district, making it ideal for professionals, students, and investors seeking convenience and lifestyle. The neighbourhood’s strong rental demand ensures excellent investment potential in this sought-after location.

What are the key features of this apartment?
This apartment features two bedrooms with built-in robes, an open-plan living and dining area, a modern kitchen with stone benchtops and quality appliances, a contemporary bathroom, European laundry, split-system heating and cooling, engineered timber flooring, double-glazed windows, and secure video intercom entry.
What amenities are available within the building?
Residents have access to resort-style facilities including an indoor heated swimming pool, spa, sauna, fully equipped gymnasium, private cinema, library and lounge, private dining areas, a commercial-style kitchen, and a three-storey indoor forest designed by Paul Bangay.
Is this property suitable for investment purposes?
Yes, the property benefits from strong rental demand due to its prime CBD location, proximity to universities and transport, and features that appeal to tenants, making it an excellent investment opportunity.
Are there any upcoming building maintenance or renovation works scheduled for the Paragon building that could incur additional costs? What are the strata or body corporate fees, and what do they cover? Are there any restrictions or easements affecting the property? Has the property been inspected for any structural issues or defects? Are there any planned developments or zoning changes in the vicinity that could impact the property’s value or living environment? Is the property located in a flood or bushfire-prone area? Are there any noise or disturbance issues from nearby construction or traffic? What are the long-term plans for the building’s amenities and facilities? Are there any special levies or upcoming costs associated with the building’s maintenance? Is the property compliant with all local building codes and regulations?

1601/318 Queen Street, Melbourne, Vic 3000 - More Details

Price Guide$500,000 - $530,000& Offers Welcome

Type
Apartment
Bedrooms
2
Bathrooms
1
House Size
59 m²

Price guide

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Inspections times

  • Inspection Thu 30 Jul 3:30 am

    Thursday 30 July
    3:30 am - 3:50 am
  • Inspection Sat 1 Aug 2:20 pm

    Saturday 1 August
    2:20 pm - 2:40 pm
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