SOLD
Sold on 11 May 2024 for $695,000

108 Railway Place
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 112m2
Land area: 1007m2
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Property Details for 108 Railway Pl, West Melbourne

108 Railway Pl, West Melbourne is a 2 bedroom, 1 bathroom House and was built in 1990. The property has a land size of 1007m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom House sold in West Melbourne in the last 12 months.

Building Type
House
Year Built
1990
Floor Size
112m2
Land Size
1007m2
Local Government
Melbourne
Lot/Plan
7/PS326089

Last Listing description (June 2024)

Located on the fringe of Melbourne's CBD, this townhouse offers a comfortable escape for busy individuals seeking easy access to the city center, hospitals, and universities. Currently offering the astute investor a generous yield of nearly 4%. The property showcases a secure entrance, a well-appointed kitchen with gas cooking, and views of the Docklands district. Additional features include a Euro-style laundry, a spacious dining and lounge area that opens onto a charming private garden with secure access to a designated carport. Upstairs, there are two generous bedrooms with built-in wardrobes, and the rear bedroom offers views of the city skyline. The main bathroom, centrally located, includes a shower over a bath and a separate toilet. The townhouse is equipped with heating and cooling, under stair storage, abundance natural light and is conveniently situated just a short stroll from North Melbourne train station, buses, and trams. Popular destinations such as Errol Street, the iconic Queen Victoria Market, and Marvel Stadium are also within a very short walk, making this property truly exceptional.

Property History for 108 Railway Pl, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$695,000
11 May 2024
Listed for Rent
$475/w
06 Aug 2020
  • 11 May 2024
    Sold for $695,000
  • 12 Apr 2024
    Listed for Sale Not Disclosed
  • 07 Jul 2020
    Listed for Rent $475 / 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 7,784 properties. Over the last 5 years, Houses in West Melbourne have seen a -21.72% decrease in median value, while Units have seen a -14.22% decrease. As at 28 February 2025:

  • The median value for Houses in West Melbourne is $1,165,369 while the median value for Units is $488,820.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 43 properties listed for sale, and 27 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 348 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 liability for any loss or damage arising in connection with the data and information contained in this publication.