143-153 Stanley StreetWest Melbourne VIC 3003
Property Details for 143-153 Stanley St, West Melbourne
143-153 Stanley St, West Melbourne is a 1 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 407m2.
Last Listing description (November 2023)
AlexKarbon and Savills are delighted to present to the market the West Melbourne Development Portfolio. With a total land area of 2,820sq m* and combined street frontage of 120m*, this is an incredible opportunity to develop within a booming residential location just 400m* from Melbourne's CBD.
Key attributes of this outstanding development opportunity include:
- Five superior landholdings ranging from 320sq m* - 788sq m*
- To be offered for sale individually, in-one-line or in any combination
- Favourable Mixed Use Zoning with significant development height precedents set in the immediate vicinity
- Incredible development potential ideally suiting apartments, townhouses etc (STCA)
- Located in booming West Melbourne only 400m* from the CBD
- Surrounded by public transport options including both trams and trains
- Short term holding income in place
- A once in a lifetime opportunity not to be missed!
For sale individually, in any combination or in one line by Expressions of Interest closing Wednesday 8 June at 2pm.
Agent in Conjunction:
Savills Australia
Jesse Radisich 0402 085 702
jradisich@savills.com.au
Property History for 143-153 Stanley St, West Melbourne, VIC 3003
- 05 Sep 2023Listed for Sale Not Disclosed
- 17 May 2016Listed for Sale Not Disclosed
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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 7,492 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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