OFF MARKET

181-189 Gipps Street
East Melbourne VIC 3002

Bedrooms: 3
Bathrooms: 3
Car spaces: 4
Floor area: 500m2
Land area: 1160m2
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Property Details for 181-189 Gipps St, East Melbourne

181-189 Gipps St, East Melbourne is a 3 bedroom, 3 bathroom House with 4 parking spaces and was built in 1920. The property has a land size of 1160m2 and floor size of 500m2. While the property is not currently for sale or for rent, it was last sold in July 2012.

Building Type
House
Year Built
1920
Floor Size
500m2
Land Size
1160m2
Local Government
Melbourne
Lot/Plan
1/TP738503

Last Listing description (November 2017)

For further information, please visit: http://parkresidences.com.au
The definition of luxury, The Park Residence is a special world of secluded opulence in one of Melbourne's most sophisticated and prestigious residential settings. A collaboration between the best award-winning designers in Australia from Robert Mills Architects to landscaped gardens by Jack Merlo Design has created these three bespoke residences elegantly concealed within a heritage facade and highlighted by expansive, individual floorplans and state-of-the-art finishes.

The Park Residence is a place with an extraordinary sense of pride, seclusion and preservation. Here residents will enjoy a lifestyle of privilege, privacy and pleasure. The design is conversant with the setting refined, sophisticated and stately. The residences have been interior designed by Rob Mills Architecture & Interiors with an extravagant yet sophisticated palette of colours and materials, a focus on detail and a contemporary interpretation of interior spaces.
Two ground-floor residences offer 390sqm approx plus of luxurious living complimented by the most palatial master suite with a glamorous back-lit glass walk-in robe and sublime stone en suite and a further two bedrooms each with en suites. These superb residences are fully custom designed with individual lifts, private pools, cellars, decadent theatre rooms and secure basement garaging for four cars.
The magnificent two-storey 600sqm approx penthouse is the ultimate private indulgence and offers an unparalleled place of residence with serenely soaring interior spaces flowing out to a swimming pool and terraces and sublime four-bedroom, 4.5-bathroom accommodation wrapped within a lush rooftop garden. The sumptuous master bedroom suite offers lavish hotel inspired luxury of a scale and stature rarely seen; whilst the three further bedrooms all relish their own decadent en suites. The state-of-the-art appointments include a Gold Class theatre room, private lift, huge storeroom and basement garaging for six cars.
Every residence is appointed with highest quality of local and international fixtures and fittings. Materials, both internally and externally, reflect the best available in the high end designer market including a 6 star energy rating. The voluminous open-plan living and dining areas are bathed in natural light and opened up with banks of glazing that seamlessly merges with expansive landscaped terraces. The beautifully Jack Merlo landscaped gardens create serene and private environments which interact with the interior and provide peaceful areas both relaxation and lavish entertaining.
Swathed in natural stone the kitchens integrate the very best appliances from Wolf and Gaggenau with integrated Sub Zero refrigerators and freezers, laundry with Miele washer and dryer and a Butlers pantry to maintain the streamlined aesthetic and purity of form.
Located in the heart of East Melbourne's most cosmopolitan quarters, The Park Residence is within walking distance of some of Melbourne's best known landmarks from Fitzroy Gardens to Melbourne's sporting precinct, the CBD, restaurants and within a short tram ride of restaurants, the Arts district and Fitzroy & Richmond's vibrant dining and shopping precinct making them an exclusive base for both professional and leisurely pursuits. The Park Residence is also close to major arterial roads including City Link for a quick exit from Melbourne to the airport, the Mornington Peninsula or snowfields.

Property History for 181-189 Gipps St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$5,250,000
11 Jul 2012
Listed for Rent
$3.20k/w
17 Jan 2007
  • 22 Nov 2016
    Listed for Sale Contact Agent
  • 11 Jul 2012
    Sold for $5,250,000
  • 22 Oct 2011
    Listed for Sale Not Disclosed
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About East Melbourne 3002

The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46% of total area. The population of East Melbourne in 2011 was 4,714 people. By 2016 the population was 4,987 showing a population growth of 5.8% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation. In 2011, 42.8% of the homes in East Melbourne were owner-occupied compared with 43.6% in 2016.

East Melbourne has 5,742 properties. Over the last 5 years, Houses in East Melbourne have seen a 10.08% increase in median value, while Units have seen a -12.96% decrease. As at 31 July 2024:

  • The median value for Houses in East Melbourne is $3,150,999 while the median value for Units is $757,779.
  • Houses have a median rent of $1,100 while Units have a median rent of $600.
There are currently 38 properties listed for sale, and 21 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 230 properties were sold in the past 12 months in East melbourne.

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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.