42 Lothian StreetNorth Melbourne VIC 3051
Property Details for 42 Lothian St, North Melbourne
42 Lothian St, North Melbourne is a 2 bedroom, 1 bathroom House. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom House sold in North Melbourne in the last 12 months.
Last Listing description (April 2024)
Stylishly renovated two bedroom, double-story brick Victorian terrace, situated in a wide tree lined plantation street within walking distance of the new Arden Station precinct. The ground floor comprises walk in lounge room, separate dining room, modern kitchen with electric appliances, tiled laundry/bathroom and a small courtyard perfect for summer BBQs. The two bedrooms are situated on the first floor, separated by a central staircase, with front balcony access from the main bedroom. The home maintains many of its period features including timber floors, high ceilings, molded cornices, architraves and iron lace work on the decorative facade. Brilliantly located on the city-fringe close to Melbourne's Hospital Precinct, Errol Street shopping village, Royal Park, public transport, CityLink & Melbourne University. Perfect for home buyers or investors seeking a well located, low maintenance home also within the coveted University High School zone.
Property History for 42 Lothian St, North Melbourne, VIC 3051
- 12 Jun 2024Listed for Rent $650 / week
- 10 Apr 2024Sold for $850,000
- 16 Feb 2024Listed for Sale $875,000
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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 12,013 properties. Over the last 5 years, Houses in North Melbourne have seen a 15.48% increase in median value, while Units have seen a 7.09% increase. As at 30 November 2024:
- The median value for Houses in North Melbourne is $1,445,894 while the median value for Units is $495,366.
- Houses have a median rent of $700 while Units have a median rent of $540.
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