1706/333 Exhibition Street, Melbourne VIC 3000
1706/333 Exhibition Street, Melbourne VIC 3000
Dual-level penthouse on the 17th floor, one of only two in the building. Three bedrooms with two and a half bathrooms across approximately 170 square metres. A single secure car space is included. Building amenities feature a gym and in-ground pool. A flood overlay is noted for the property. It sits on the CBD edge near Carlton, zoned residential with Carlton Gardens Primary and University High school catchments.
This property is considered rare for its configuration; dual-level penthouses of this size are uncommon in the city fringe market. Its high floor position delivers the promised wide views, a strong draw for buyers seeking a lifestyle edge over standard apartments. The generous internal area of around 170 square metres sets it apart from typical CBD stock, appealing to professionals or downsizers who want space without leaving the urban core. Building amenities like the pool and gym add convenience, while the location on the border of Melbourne and Carlton offers both city access and a quieter residential feel. It is best suited to a buyer prioritizing prestige and rarity over pure density.
Value may be influenced by the flood overlay, which could affect planning flexibility or insurance costs over time. The extended period on the market might indicate a narrow buyer pool for such a premium price point, where expectations are high. A single car space for a three-bedroom unit could be seen as a limitation for families or car-dependent buyers. The building’s age, though renovated internally, might require future maintenance considerations that a newer development would not. These factors should be weighed against the property’s unique positioning and size when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 1706/333 Exhibition Street, Melbourne VIC 3000
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Melbourne’s core is defined by its unparalleled lifestyle proximity and tightening supply, attracting a broad buyer pool of owner-occupiers, downsizers, and investors. Sustained demand is driven by urban renewal, low vacancy rates, and robust sales activity, supporting solid price growth. Future prospects are underpinned by scarcity and gentrification, though affordability pressures and an easing of supply tightness present emerging headwinds for the market’s resilience.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
154m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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