OFF MARKET

2 Mccabe Place
North Melbourne VIC 3051

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Land area: 331m2
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Property Details for 2 Mccabe Pl, North Melbourne

2 Mccabe Pl, North Melbourne is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1916. The property has a land size of 331m2. While the property is not currently for sale or for rent, it was last sold in May 2011.

Building Type
House
Year Built
1916
Land Size
331m2
Local Government
Melbourne
Lot/Plan
1/TP105690

Last Listing description (May 2011)

UNRIVALLED SPACE, UNLIMITED CONVERSION POTENTIAL
A once-in-a-decade opportunity! This red brick former warehouse building offers a staggering 890 sq. metres (approx) over three levels, making it one of the largest development opportunities on the city fringe. Built circa 1916 as a tramways engineering works, it was later a clothing factory, before becoming a private residence with extensive work-from-home space. In sound liveable condition, it is ready for further conversion - into several sizeable town residences, or into one grand house with studio and work-from-home space. In a commanding corner position with multiple car access and storage room from Buncle Street, its ground floor at present comprises a multi-compartmented studio and work space with excellent natural light from the original industrial windows. The central level houses a massive living area, kitchen and bathroom facilities, two huge bedrooms and a paved north-facing garden courtyard. Two large third-floor terraces separate a further outsize living room/workspace with gabled windows giving spectacular views of the city and the northern suburbs.
A remarkable building is complemented by a prime location- a secluded street near Royal Park, major hospitals, transport and freeway access. In conjuction with SynergyBSM.

Agent: Nelson Alexander Pty Ltd

Property History for 2 Mccabe Pl, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$1,477,000
28 May 2011
  • 28 May 2011
    Sold for $1,477,000
  • 07 May 2011
    Listed for Sale $990,000 - $1,085,000

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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 11,888 properties. Over the last 5 years, Houses in North Melbourne have seen a 9.83% increase in median value, while Units have seen a 13.41% increase. As at 31 October 2024:

  • The median value for Houses in North Melbourne is $1,357,465 while the median value for Units is $527,495.
  • Houses have a median rent of $700 while Units have a median rent of $540.
There are currently 55 properties listed for sale, and 54 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 401 properties were sold in the past 12 months in North melbourne.

Suburb Insights for North Melbourne 3051

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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.