42/1 Flagstaff LaneWest Melbourne VIC 3003
Property Details for 42/1 Flagstaff Lane, West Melbourne
42/1 Flagstaff Lane, West Melbourne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1957. The property has a floor size of 185m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (June 2023)
From its remarkable warehouse origins, in the former Western Star Butter Factory, to unrivalled views of the Flagstaff Gardens and the CBD, this unique dual-level three bedroom, two bathroom penthouse epitomises premium inner city living. Superb finishes and sublime touches include private lift access, masses of custom-built storage and bespoke, custom-designed bench which cleverly defines as well as unites vast living and dining domains.
Complemented by private alfresco balcony and gourmet kitchen showcasing Miele appliances. Large master bedroom features indulgent ensuite, huge warehouse doors and extensive built-in storage. With deluxe bathroom, two further bedrooms/BIRS, powder room, under stair wine cellar, polished floorboards, ducted heating/cooling, secure undercover parking/storage cage.
Incredibly close to Flagstaff Gardens, Queen Victoria Market, cafs, transport, university, hospital and law precincts, the CBD and University High (zoned).
Alexkarbon Real Estate
241 Union Road, Ascot Vale
122 Errol Street, North Melbourne
Property History for 42/1 Flagstaff Lane, West Melbourne, VIC 3003
- 24 May 2023Sold for $1,775,000
- 22 Aug 2022Listed for Sale $1,450,000 - $1,595,000
- 20 Nov 2007Sold for $826,000
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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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