OFF MARKET

5/9-15 Murphy Street
North Melbourne VIC 3051

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 616m2
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Property Details for 5/9-15 Murphy St, North Melbourne

5/9-15 Murphy St, North Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 616m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in December 2007.

Building Type
Unit
Year Built
1960
Floor Size
55m2
Land Size
616m2
Local Government
Melbourne
Lot/Plan
5/PS401164

Last Listing description (October 2007)

Start Your Portfolio
Offering, 1 Bedroom, fully furnished, excellent 7% return, income is $11,440 annum with
annual CPI increases

This property offers a sound investment without the usual worries of a regular real estate property. With a tenant on a lease for 5 years, with a further 2 x 5 year options unit 5 is a “buy and forget” investment property for the astute investor.
Additional feature - close to school.

Property History for 5/9-15 Murphy St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$161,000
20 Dec 2007
  • 20 Dec 2007
    Sold for $161,000
  • 27 Oct 2007
    Listed for Sale 164500
  • 19 Nov 2001
    Sold for $145,000
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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 11,896 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 56 properties listed for sale, and 53 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.