347 William StreetWest Melbourne VIC 3003
Property Details for 347 William St, West Melbourne
347 William St, West Melbourne is a 5 bedroom, 2 bathroom House and was built in 1880. The property has a land size of 138m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last transferred in June 2021.
Last Listing description (December 2014)
In a city fringe position walking distance from the CBD and a short stroll to the Victoria Markets, this classically understated two Victorian homes reflect inner Melbourne's residential origins and represents an outstanding opportunity from either investor or owner/occupier perspectives.
Currently Comprises:
Three Good size bedrooms per home
Current Rental Return of Approx $ 38,000 PA per property
Landscaped Garden at the back
These two Houses come with approved plans and permit to build a four storey complex in back area with the existence of current building.
Approved plans include:
One office on the Ground Floor
Two Double Storey Terrace Houses facing William Street
Seven Apartments of approx.45 sq.m size.
Call Today For Your Chance To Inspect.
Property History for 347 William St, West Melbourne, VIC 3003
- 30 Jun 2021Transferred
- 09 Jul 2014Listed for Sale FROM 1.6 MILLION
- 26 Mar 2010Listed for Sale PRICE ON APPLICATION
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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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