3 Melrose St, Cremorne is a 4 bedroom, 1 bathroom House. The property has a land size of 305m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Enjoying truly iconic surroundings between the Yarra, Richmond and the CBD, this original home boasts prime development potential in a once-in-a-lifetime location. Zoned under Neighbourhood Residential Zone 1 (NRZ1) on approx. 305sqm, the stage is set for a brand new property up to 9M High (STCA) with incredible lifestyle prospects "Including School ZONING to Melbourne High School and Richmond primary School"
The current home remains in original condition, comprising of 4 large bedrooms, separate lounge and family rooms, a galley kitchen with bathroom access and a rear laundry with separate toilet, storeroom and workshop. The block runs approx. 30.3m long with 10.10m frontage, a covered alfresco patio, and a paved backyard with rear laneway access. This is an ideal opportunity to fully redevelop and build a fresh new home for yourself, or invest in this unbelievable location with exceptional rental potential (STCA). "The property has No Heritage Overlay"
You're a stone's throw from the Yarra River, Gosch's Paddock, Punt Road Oval and the beautiful Royal Botanic Gardens. Enjoy the Australian Open live only minutes' walk away at the National Tennis Centre, or stroll to AAMI Park, the MCG and lively Swan Street for shopping, restaurants and nightlife.
Buses, trams and Richmond Station are all at your fingertips, providing effortless public transport to South Yarra, St Kilda, Southbank, Docklands and the CBD itself.
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 2,227 properties.
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