FOR SALE
$2,400,000

16 Molesworth Street
North Melbourne VIC 3051

Bedrooms: 6
Bathrooms: 3
Car spaces: -
Floor area: 200m2
Land area: 143m2
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Historic Charm Meets Modern Possibility

Discover a captivating blend of opportunity and character in this historic shop and residence, established in 1885. Located on a prominent corner in the vibrant heart of North Melbourne, this property offers incredible potential for your next business or living space.
Ground Floor Delight: Enter the expansive ground floor, traditionally used as a retail space, which includes a convenient butler's kitchenette, a kitchen, and a bathroom. This level features three bedrooms in total, with a sunlit garden retreat at the back! The flexible layout includes a separate bedroom along with a versatile second room that can serve as an additional bedroom or office, ideal for adaptable living and working arrangements.
Upper Level Sanctuary: Ascend through your own elegant entrance to reach the welcoming upper level, designed for comfortable living. Currently tenanted, this level features three spacious bedrooms, including a luxurious main suite with its own ensuite. The well-thought-out layout encompasses separate living and dining areas, perfect for relaxation and entertaining, enhanced by a charming balcony that provides breathtaking views of the city skyline.
Limitless Potential: With three distinct entrances, the possibilities are endless! Both levels of the dwelling can be rented out separately, allowing you to choose to live downstairs while receiving rental income from the upper level. Whether you envision transforming it into a complete residence, living on the ground floor while renting out the upper level, or creating a dynamic mix of office, retail, and residential spaces, this property accommodates all your aspirations.
Prime Location: Situated within the University High School zone and just moments from Errol Street's lively café scene, Royal Park, and the iconic Queen Victoria Market, you're only a short stroll from the CBD.
This exceptional opportunity is one you won't want to overlook! Schedule your inspection today and explore the myriad possibilities that await at 16 Molesworth Street!
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Property Details for 16 Molesworth St, North Melbourne

16 Molesworth St, North Melbourne is a 6 bedroom, 3 bathroom House. The property has a land size of 143m2 and floor size of 200m2. The place is currently for sale with The Agency Victoria.

Building Type
House
Floor Size
200m2
Land Size
143m2

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About North Melbourne 3051

The size of North Melbourne is approximately 2.4 square kilometres. It has 12 parks covering nearly 4.7% of total area. The population of North Melbourne in 2011 was 11,755 people. By 2016 the population was 14,948 showing a population growth of 27.2% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation. In 2011, 31.4% of the homes in North Melbourne were owner-occupied compared with 28.5% in 2016.

North Melbourne has 12,013 properties. Over the last 5 years, Houses in North Melbourne have seen a 15.48% increase in median value, while Units have seen a 7.09% increase. As at 30 November 2024:

  • The median value for Houses in North Melbourne is $1,445,894 while the median value for Units is $495,366.
  • Houses have a median rent of $700 while Units have a median rent of $540.
There are currently 54 properties listed for sale, and 52 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 446 properties were sold in the past 12 months in North melbourne.

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Jim Christou
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The Agency Victoria
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