FOR SALE
Private Sale $1.65m

3 Melrose Street
Cremorne VIC 3121

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Land area: 305m2
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DEVELOPMENT OPPORTUNITY WITH APPROVED PLANS ON 305SQM

Viewings by private appointment only, please contact agent to arrange a time.
Plan for the future in vibrant Cremorne with this renovation-ready Victorian cottage on approximately 305sqm of sought-after land. An incredibly rare value-add or development opportunity with no heritage overlay, this is your chance to bring vision and energy to create something truly special in a highly prized part of town.
- Existing four-bedroom, one-bathroom dwelling with spacious rooms and high ceilings
- Separate living room and dining area together with a rear kitchen and bathroom
- Well-sized outdoor area with pedestrian access to a laneway at the rear.
- Opportunity to carry out an extensive renovation enhancing and reinstating the period appeal to honour the charm of this period of architecture.
- Alternatively, clear the generous site for a luxury family residence or use existing permits to build two 4 bedroom / 3 bathroom / 2 car space multi-townhouses (all options STCA).
Immersed in the heart of the much-loved neighbourhood, where visits to hole-in-the-wall cafes & eclectic bars are the daily norm, this challenging yet potential-loaded opening is within moments of Richmond station, trams & MCG and an easy trip to the Yarra riverbanks and heart of the city.
Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.
The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.
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Property Details for 3 Melrose St, Cremorne

3 Melrose St, Cremorne is a 4 bedroom, 1 bathroom House. The property has a land size of 305m2. The place is currently for sale with Biggin & Scott - Richmond.

Building Type
House
Land Size
305m2

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About Cremorne 3121

The size of Cremorne is approximately 0.7 square kilometres. It has 3 parks covering nearly 0.5% of total area. The population of Cremorne in 2011 was 1,564 people. By 2016 the population was 2,040 showing a population growth of 30.4% in the area during that time. The predominant age group in Cremorne is 30-39 years. Households in Cremorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cremorne work in a professional occupation. In 2011, 50.4% of the homes in Cremorne were owner-occupied compared with 48.9% in 2016.

Cremorne has 2,226 properties. Over the last 5 years, Houses in Cremorne have seen a 8.09% increase in median value, while Units have seen a 1.78% increase. As at 31 August 2024:

  • The median value for Houses in Cremorne is $1,362,111 while the median value for Units is $728,274.
  • Houses have a median rent of $800 while Units have a median rent of $645.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Cremorne on OnTheHouse. According to CoreLogic's data, 96 properties were sold in the past 12 months in Cremorne.

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Julie Taylor
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Steve Harris
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Biggin & Scott - Richmond
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