FOR SALE
UNDER OFFER

21/1 O'Connell Street
North Melbourne VIC 3051

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Modern Studio Apartment in North Melbourne – Ideal Student Investment

Introducing a prime investment opportunity with rental locked in for the new year already at $365/week approx.
A contemporary studio apartment within the exclusive "Victoria Terrace Apartments". Designed specifically for students, this boutique development offers convenience, comfort, and a vibrant urban lifestyle, all within walking distance to Melbourne University, RMIT, and the bustling city centre.
Apartment Features:
- Current rental:
$1434 per calendar month (approx $330/week). Lease renewed and locked-in for next year at $365/week. Lease ends at 21/01/2026
- Purpose-Built for Students: This studio apartment is tailored for student living, featuring a spacious layout with two single beds (photo shows the beds placed together), providing both comfort and practicality.
- Modern Kitchen: Equipped with gas cooking, the kitchen is designed for efficiency and ease, perfect for busy student life.
- Stylish Bathroom: The large contemporary bathroom boasts designer appointments, adding a touch of luxury to everyday living.
- Comfort and Quality: With quality carpet throughout, heating for year-round comfort, and a private balcony offering streetscape views, this apartment ensures a pleasant and conducive environment for study and relaxation.
Building Amenities:
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Property Details for 21/1 O'Connell St, North Melbourne

21/1 O'Connell St, North Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Viva Property.

Building Type
Apartment

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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 12,002 properties. Over the last 5 years, Houses in North Melbourne have seen a -10.07% decrease in median value, while Units have seen a 1.88% increase. As at 28 February 2025:

  • The median value for Houses in North Melbourne is $1,231,867 while the median value for Units is $468,997.
  • Houses have a median rent of $680 while Units have a median rent of $550.
There are currently 49 properties listed for sale, and 38 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 485 properties were sold in the past 12 months in North melbourne.

Suburb Insights for North Melbourne 3051

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Zeno Kobica
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all liability for any loss or damage arising in connection with the data and information contained in this publication.