SOLD
Sold on 12 Jun 2024 for $480,000

108/493-499 Victoria Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 698m2
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Property Details for 108/493-499 Victoria St, West Melbourne

108/493-499 Victoria St, West Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 698m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in West Melbourne in the last 12 months.

Building Type
Unit
Year Built
2008
Floor Size
71m2
Land Size
698m2
Local Government
Melbourne
Lot/Plan
108/PS545350

Last Listing description (June 2024)

With first-rate fixtures, multiple outdoor areas, and sweeping, elevated sights, this calm and contemporary offering delivers upscale living with every advantage of its superb city-fringe placement. Configured to soak in all-day northern rays, a clever interior is adjoined by a scenic entertainer's balcony, with a hospitality-minded main area comprising a combined living/dining space and gourmet kitchen featuring stone benchtops, premium appliances, plentiful cabinet space, and a breakfast bar. Adjoined and brightened by a tranquil terrace, two robe-enhanced bedrooms are well-served by a stylish bathroom with bath, shower, and separate powder room, while other highlights include laundry facilities, reverse-cycle heating/cooling, a dedicated study area, shed, intercom, and garage space with additional storage. A pristine inner-city base within easy reach of Melbourne Airport and the city centre, it's footsteps from North Melbourne Recreation Centre, city trains and trams, and effervescent Errol Street, with leading schools and universities (zoned for University High), major hospitals, the vibrant Docklands precinct, and Queen Victoria Market mere moments away.

Property History for 108/493-499 Victoria St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$480,000
12 Jun 2024
Listed for Rent
$520/w
05 Aug 2020
  • 12 Jun 2024
    Sold for $480,000
  • 05 Jun 2024
    Listed for Sale Contact Agent
  • 03 Mar 2020
    Listed for Rent $450 / week
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About West Melbourne 3003

The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of total area. The population of West Melbourne in 2011 was 3,743 people. By 2016 the population was 5,511 showing a population growth of 47.2% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation. In 2011, 38.9% of the homes in West Melbourne were owner-occupied compared with 34.5% in 2016.

West Melbourne has 7,491 properties. Over the last 5 years, Houses in West Melbourne have seen a -1.86% decrease in median value, while Units have seen a -13.07% decrease. As at 31 October 2024:

  • The median value for Houses in West Melbourne is $1,222,199 while the median value for Units is $498,499.
  • Houses have a median rent of $660 while Units have a median rent of $600.
There are currently 58 properties listed for sale, and 42 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 299 properties were sold in the past 12 months in West melbourne.

Suburb Insights for West Melbourne 3003

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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.