SOLD
RECENT ADVICE
Sold on 11 Nov 2024 for $740,000

5/480 Victoria Street
North Melbourne VIC 3051

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 83m2
Sold By
JMRE Real Estate
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Property Details for 5/480 Victoria St, North Melbourne

5/480 Victoria St, North Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1890. The property has a floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in North Melbourne in the last 12 months.

Building Type
Unit
Year Built
1890
Floor Size
83m2
Local Government
Melbourne
Lot/Plan
5/PS449660

Last Listing description (November 2024)

This is an exceptional opportunity located on the first floor of the iconic George Hotel building (one of only eight apartments), this residence offers spacious living, dual outdoor areas, and unmatched convenience in the heart of North Melbourne.Nestled at the rear and bathed in natural northern light, the apartment features two generous bedrooms with built-in robes, serviced by a central bathroom with a frameless shower, a powder room with a second toilet, and hidden laundry facilities. The open-plan living and dining area, framed by floor-to-ceiling windows, is complemented by a modern kitchen complete with an island breakfast bar, stainless-steel appliances, and an integrated dishwasher. This boutique gem also includes split-system heating and cooling, a private balcony off the main bedroom, and an undercover terrace off the living area with a mains-connected BBQ. Secure entry and an undercover parking space further enhance the appeal.With a tram stop at your doorstep and the vibrant Errol Street just around the corner, you're within walking distance of Queen Victoria Market, Flagstaff Gardens, and close to sought-after schools (in the University High School zone), the hospital and university precincts, and the CBD.

Property History for 5/480 Victoria St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$740,000
11 Nov 2024
Listed for Rent
05 Feb 2021
  • 11 Nov 2024
    Sold for $740,000
  • 28 Jun 2024
    Listed for Sale EOI $700,000 - $740,000
  • 28 Sep 2020
    Listed for Rent $500 / week
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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 11,910 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 61 properties listed for sale, and 51 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 407 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.