SOLD
Sold on 03 Dec 2023 for $550,000

8/61-63 Stanley Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 60m2
Land area: 855m2
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Property Details for 8/61-63 Stanley St, West Melbourne

8/61-63 Stanley St, West Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1900. The property has a land size of 855m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in West Melbourne in the last 12 months.

Building Type
Unit
Year Built
1900
Floor Size
60m2
Land Size
855m2
Local Government
Melbourne
Lot/Plan
8/PS503658

Last Listing description (November 2023)

For Sale by Expressions of Interest (unless sold prior)

Indulge in the allure of urban living within this captivating warehouse-style apartment. Discreetly nestled behind a historic red brick faade, its resolute character, lofty ceilings, and luminous open floorplan offers a truly remarkable living experience. The expansive clerestory windows bathe the living and dining quarters in natural light, accentuating the striking spiral staircase that ascends to a mezzanine main bedroom. The kitchen boasts a ceramic cooktop and stainless steel appliances, complemented by a granite bench top. A versatile study nook or pantry space caters to the demands of a modern lifestyle, be it the pursuit of work or the storage of kitchen essentials. A large balcony affords city views and ideal for enjoying the open-air surroundings or an evening sunset. The ground floor bedroom is with built-in robes and carpeting, while the mezzanine bedroom has raked ceilings, built-in robes and a skylight presenting an enchanting retreat. A central bathroom has a walk-in shower, and a convenient European laundry further enhance the appeal. Timber floors, split system A/C, panel heaters, intercom entry, and secure garage parking, and storage room, complete this remarkable abode. A mere fifteen-minute stroll to the bustling CBD, with Aldi supermarket conveniently situated across the road, and Flagstaff Gardens, Errol Street restaurants, and the iconic Queen Victoria market all in close proximity.

Property History for 8/61-63 Stanley St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$550,000
03 Dec 2023
Listed for Rent
$495/w
22 Jun 2022
  • 03 Dec 2023
    Sold for $550,000
  • 22 Nov 2023
    Listed for Sale $500,000 - $550,000
  • 09 Jun 2022
    Listed for Rent - Price not available
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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 7,490 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 55 properties listed for sale, and 40 properties listed for rent in West melbourne on OnTheHouse. According to CoreLogic's data, 301 properties were sold in the past 12 months in West melbourne.

Suburb Insights for West Melbourne 3003

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Kristian Pithie
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Marcus Kassab
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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.