FOR SALE
$700,000-$770,000

5-7 Youngs Lane
North Melbourne VIC 3051

Bedrooms: -
Bathrooms: -
Car spaces: -
Improve this data
Auction Time
Sat 30 Nov 1:30 pm
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Incredible potential in hidden North Melbourne nook

Offering 170sqm ( 8.5 X 18.6m approx.) of pure potential in the heart of North Melbourne, this block presents a rare opportunity to build anew in a brilliant city’s-edge location.
Zoned for multi-level residential (STCA), it offers plentiful possibilities for building your dream-home or undertaking a multi-dwelling development.
Tucked away in a laneway, it promises quiet and seclusion in a vibrant location, just 2.5km from the CBD. You’re just steps from trams, cafés, pubs, retail, and all the incredible green spaces of Royal Park. Melbourne Uni and zoned University High School are each an easy walk away, and North Melbourne Primary is mere metres from your door.
Stroll to newly-built Arden and Parkville train stations, the hospital district, all the colour and culture of Errol Street, Queen Victoria Market, North Melbourne Recreation Centre and so much more.
We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.
View Statement of Information

Property Details for 5-7 Youngs Lane, North Melbourne

Building Type
Land

Commute Calculator

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 11,908 properties. Over the last 5 years, Houses in North Melbourne have seen a 9.83% increase in median value, while Units have seen a 13.41% increase. As at 31 October 2024:

  • The median value for Houses in North Melbourne is $1,357,465 while the median value for Units is $527,495.
  • Houses have a median rent of $700 while Units have a median rent of $540.
There are currently 60 properties listed for sale, and 49 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 408 properties were sold in the past 12 months in North melbourne.

North Melbourne Profile Page

Suburb Insights for North Melbourne 3051

Visit North Melbourne profile page
Market Insights
North Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
North Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit North Melbourne profile page
Contact agent
John Costanzo
Show contact details
Call agent
Woodards Ascot Vale
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
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 for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED