OFF MARKET

205 George Street
East Melbourne VIC 3002

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 202m2
Land area: 284m2
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Property Details for 205 George St, East Melbourne

205 George St, East Melbourne is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1880. The property has a land size of 284m2 and floor size of 202m2. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
House
Year Built
1880
Floor Size
202m2
Land Size
284m2
Local Government
Melbourne
Lot/Plan
3/LP75799

Last Listing description (November 2023)

All offers invited vendor says sell

An extraordinary opportunity in Melbournes most exclusive postcode, this elegant two-story Victorian terrace is set to provide a premium family lifestyle just meters from the Fitzroy Gardens, MCG precinct and the CBD. Providing the perfect blank canvas with already approved permits and architect designed plans, the opportunity exists to jump the queue and proceed with the current proposed renovation.

The already completed detailed demolition and secured plans and permits provide the successful purchaser the convenience to expedite the building process whilst maintaining an advantageous position and level of comfort of knowing they can commence construction at their own leisure. The rare prospect of the proposed build has utilised the footprint of the land, allowing for a triple storey rear garage / second home office with a fast-track application for secondary amendments to the internal layout (STCA) if required.

One of only six coveted and very tightly held homes which make up exquisite, heritage listed "Hepburn Terrace" c.1855-1872, the home retains its soaring rosette ceilings, open fireplaces and magnificent iron lacework verandahs in a ready to proceed shell that awaits its state-of-the-art transformation.

Situated in one of the precincts finest tree lined locations amongst other premium residences, walk to trams, trains, the Sports and Entertainment precinct, the Citys iconic theatres, dining options and world class shopping, the NGV and Arts precinct. Enjoy easy access to the Yarra River, Royal Botanic Gardens and Tan running track, elite private schools, South Yarra, Richmond and Chapel Street boutiques, bars and restaurants plus major arterial links and both the Monash and Eastern Freeways.

Property History for 205 George St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$3,350,000
27 Oct 2023
  • 27 Oct 2023
    Sold for $3,350,000
  • 17 Apr 2023
    Listed for Sale Price Revision $3.45m
  • 21 Jul 2019
    Sold for $3,850,000
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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 5,703 properties. Over the last 5 years, Houses in East Melbourne have seen a -3.97% decrease in median value, while Units have seen a -14.90% decrease. As at 31 October 2024:

  • The median value for Houses in East Melbourne is $3,332,170 while the median value for Units is $724,506.
  • Houses have a median rent of $1,100 while Units have a median rent of $620.
There are currently 38 properties listed for sale, and 23 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 223 properties were sold in the past 12 months in East melbourne.

Suburb Insights for East Melbourne 3002

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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.