OFF MARKET

506 Victoria Parade
East Melbourne VIC 3002

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 107m2
Land area: 164m2
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Property Details for 506 Victoria Pde, East Melbourne

506 Victoria Pde, East Melbourne is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1900. The property has a land size of 164m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
House
Year Built
1900
Floor Size
107m2
Land Size
164m2
Local Government
Melbourne
Lot/Plan
1/TP114460

Last Listing description (July 2023)

The moment you step into this delightful home, you will be captivated by the charm and character from its period. It is also light and bright and offers a wonderful ambience throughout. Downstairs, you will find two of the three generous bedrooms with excellent robe space. You will also find a magnificent living and entertaining area at the rear of the property, and a central bathroom. The kitchen has ample bench space, storage and quality appliances. Upstairs you will find the third bedroom which includes ensuite. This property is deceptively spacious with meticulous attention to detail, and is extremely well located in the vibrant East Melbourne. The current annual rental return is $52,000.

Property History for 506 Victoria Pde, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$1,350,000
15 Apr 2023
Listed for Rent
$995/w
09 Mar 2023
  • 15 Apr 2023
    Sold for $1,350,000
  • 01 Feb 2023
    Listed for Rent $995 / week
  • 21 Jul 2022
    Listed for Rent $790 / week
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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 5,748 properties. Over the last 5 years, Houses in East Melbourne have seen a -8.26% decrease in median value, while Units have seen a -10.90% decrease. As at 30 September 2024:

  • The median value for Houses in East Melbourne is $3,090,845 while the median value for Units is $737,459.
  • Houses have a median rent of $1,100 while Units have a median rent of $620.
There are currently 39 properties listed for sale, and 24 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 235 properties were sold in the past 12 months in East melbourne.

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