FOR SALE
$850,000

5-7 Youngs Lane
North Melbourne VIC 3051

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Incredible potential in hidden North Melbourne nook

Offering 170sqm 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.
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Property Details for 5-7 Youngs Lane, North Melbourne

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Land

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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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