OFF MARKET

581 King Street
West Melbourne VIC 3003

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 186m2
Land area: 179m2
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Property Details for 581 King St, West Melbourne

581 King St, West Melbourne is a 4 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1880. The property has a land size of 179m2 and floor size of 186m2. While the property is not currently for sale or for rent, it was last sold in May 2018.

Building Type
Unit
Year Built
1880
Floor Size
186m2
Land Size
179m2
Local Government
Melbourne
Lot/Plan
1/LP32182

Last Listing description (June 2023)

This stunning original Victorian terrace house is full of period elegance, opulent features and soaring ceilings with ornate rosettes and architraves.

Bright family spaces that flow to outdoor entertaining areas and a flexible floorplan offering 3 or 4 bedrooms and multiple living zones make this the perfect property for all comers. Featuring a grand lead light entrance hall, a lavish living area flows into a grand formal dining room, 3 vast bedrooms master with full width balcony A neat kitchen with plenty of bench space and a dishwasher, a stunning mosaic tiled family bathroom, a second bathroom downstairs, separate laundry, splits system heating and cooling in every room, intercom, off street rear parking, double glazed windows, private courtyard.


Walk to Errol St and all the fantastic eateries, entertainment, and shopping of the area. Trams on Victoria St will take you straight to Queen Vic Markets and the CBD. The ultimate location.

NB: As this property may be located in an area where car parking is at a premium, please make your own enquiries with the municipal council to determine if a resident parking permit is required for on street car parking.

Property History for 581 King St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$1,730,000
11 May 2018
Listed for Rent
$1.05k/w
14 Jun 2023
  • 25 May 2023
    Listed for Rent $1,050 / week
  • 06 Jun 2019
    Listed for Rent $950 / week
  • 15 Jun 2018
    Listed for Rent $1,000 / 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 7,488 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.
There are currently 57 properties listed for sale, and 45 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 294 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.