116 Railway PlaceWest Melbourne VIC 3003
Property Details for 116 Railway Pl, West Melbourne
116 Railway Pl, West Melbourne is a 2 bedroom, 1 bathroom Townhouse and was built in 1993. The property has a land size of 1007m2. While the property is not currently for sale or for rent, it was last sold in May 2015.
Last Listing description (January 2016)
This well designed and large apartment over two levels captures all the energy of a vibrant city. The lifestyle is enhanced by close proximity to public transport, North Melbourne s cafes, the city centre and the Docklands precinct, all within walking distance.
An inviting fa ade through to a bright separate dining area, accompanied by an efficient open plan kitchen, preceding a generous lounge room that leads to a private courtyard.
Upstairs are two separate bedrooms (BIR s), main bedroom with an intimate balcony, that share a central bathroom.
This spacious city residence is ideal for both investors and owner occupiers, and is also within the University High School catchment area.
Property History for 116 Railway Pl, West Melbourne, VIC 3003
- 24 May 2015Sold for $650,000
- 01 May 2015Listed for Sale Auction
- 17 Feb 1994Sold for $150,000
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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 7,488 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.
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