OFF MARKET

505/16 Anderson Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
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Property Details for 505/16 Anderson St, West Melbourne

505/16 Anderson St, West Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a floor size of 51m2. While the property is not currently for sale or for rent, it was last transferred in March 2024.

Building Type
Unit
Year Built
2016
Floor Size
51m2
Local Government
Melbourne
Lot/Plan
505/PS725842

Last Listing description (September 2023)

Everything comes together at Journal, ideally located near the bustling shopping and dining strip of North Melbourne village and a short stroll to North Melbourne train station (just one stop from the CBD).

This one-bedroom apartment was designed to look great and function flawlessly, every aspect has been considered, with a fantastic view from the spacious balcony. The stylish kitchen provides European stainless steel appliances and plenty of stone-topped bench space with island moveable bench whilst the generous bathroom provides the perfect balance between luxury and function.

**Please note there is parking onsite with a car stacker **

Property History for 505/16 Anderson St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Transferred
05 Mar 2024
Listed for Rent
$495/w
11 Sep 2023
  • 05 Mar 2024
    Transferred
  • 02 Dec 2023
    Transferred
  • 09 Oct 2020
    Listed for Rent $385 / 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 7,489 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.
There are currently 57 properties listed for sale, and 45 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 292 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 for any loss or damage arising in connection with the data and information contained in this publication.