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Unit 185,
159 MELROSE STREET North Melbourne VIC 3051

This property is Off Market

All about North Melbourne Homes for sale in North Melbourne

  • The Average property price in this area is $1,139,491, this is based on recent transactions.
  • Internet speed Download 100 Mbps / Upload 40 Mbps
  • Distance to the coast 2.60 km
  • Potential bushfire risk 0 / 10
  • Report as to subsidence
  • Powerlines within 200m 0
street view icon Street view
School Catchments

Property For Sale Nearby

Fletchers UNIT 807, 33 RACECOURSE RD, For Sale $485,000 2 Beds - 2 Baths - 1 Parking Within 0.2 km Belle Property UNIT 5, 20 MARK ST, Under Offer 4 Beds - 3 Baths - 1 Parking Within 0.2 km Belle Property UNIT 203, 179 BOUNDARY RD, $200,000 - $220,000 1 Beds - 1 Baths - Parking Within 0.3 km Belle Property 53 ERSKINE ST, $1,250,000 - $1,320,000 3 Beds - 1 Baths - Parking Within 0.4 km Belle Property 8 MUGG LANE, $1,200,000 - $1,300,000 3 Beds - 2 Baths - 1 Parking Within 0.4 km Belle Property UNIT 110, 188 MACAULAY RD, $1,000,000 - $1,100,000 3 Beds - 2 Baths - 1 Parking Within 0.5 km Woodards UNIT 606, 111 CANNING ST, $560,000 - $615,000 2 Beds - 1 Baths - 2 Parking Within 0.5 km Ray White UNIT 410, 111 CANNING ST, 590000 2 Beds - 2 Baths - 1 Parking Within 0.5 km Ray White UNIT 303, 188 MACAULAY RD, 470000 1 Beds - 1 Baths - 1 Parking Within 0.6 km Woodards 19 CANNING ST, $1,575,000 2 Beds - 1 Baths - Parking Within 0.7 km Nelson Alexander 97 CHAPMAN ST, Auction $1,200,000 - $1,300,000 3 Beds - 2 Baths - 2 Parking Within 0.7 km Belle Property UNIT 1, 415 ABBOTSFORD ST, Contact agent 1 Beds - 1 Baths - 1 Parking Within 0.7 km Belle Property BAILLY HOUSE, 68-72 CHAPMAN ST, $2,000,000 - $2,200,000 3 Beds - 3 Baths - 2 Parking Within 0.7 km Belle Property UNIT 19, 171 FLEMINGTON RD, $244,500 1 Beds - 1 Baths - 1 Parking Within 0.8 km Harcourts UNIT 107, 108 HAINES ST, $700,000 2 Beds - 2 Baths - 1 Parking Within 0.8 km Ray White UNIT 316, 108 HAINES ST, 430000 1 Beds - 1 Baths - 1 Parking Within 0.8 km Woodards 5-7 YOUNGS LANE, $700,000-$770,000 Beds - Baths - Parking Within 0.9 km Nelson Alexander 14 MOLESWORTH ST, Auction $1,000,000 - $1,100,000 2 Beds - 1 Baths - 1 Parking Within 1.0 km Belle Property 680-684 QUEENSBERRY ST, Contact agent 3 Beds - 2 Baths - 1 Parking Within 1.2 km LJ Hooker UNIT 1109, 93 FLEMINGTON RD, $680,000 - $720,000 2 Beds - 1 Baths - 1 Parking Within 1.3 km Belle Property UNIT 609, 83 FLEMINGTON RD, $350,000 - $370,000 1 Beds - 1 Baths - Parking Within 1.3 km Belle Property UNIT 501, 83 FLEMINGTON RD, $355,000 1 Beds - 1 Baths - Parking Within 1.3 km Ray White UNIT 210, 55 VILLIERS ST, 162000 1 Beds - 1 Baths - 0 Parking Within 1.3 km Belle Property UNIT 10, 1-9 VILLIERS ST, $450,000 - $495,000 2 Beds - 1 Baths - 1 Parking Within 1.3 km Ray White UNIT 10, 25 BYRON ST, 360000 1 Beds - 1 Baths - 1 Parking Within 1.5 km Belle Property UNIT 103, 85 LEVESON ST, $730,000 - $780,000 2 Beds - 2 Baths - 1 Parking Within 1.5 km Belle Property UNIT 3, 2 ATKIN ST, $870,000 - $930,000 2 Beds - 2 Baths - Parking Within 1.5 km Belle Property 39 CURZON ST, $950,000 - $1,000,000 2 Beds - 1 Baths - 1 Parking Within 1.5 km Belle Property UNIT 403, 139 CHETWYND ST, $350,000 - $370,000 1 Beds - 1 Baths - 1 Parking Within 1.5 km Belle Property 20 TRAFALGAR PL, $1,050,000 - $1,150,000 2 Beds - 1 Baths - 1 Parking Within 1.6 km Belle Property 97 CHETWYND ST, $1,220,000 to $1,320,000 3 Beds - 1 Baths - Parking Within 1.7 km Belle Property UNIT 306, 22 COURTNEY ST, $900,000 - $950,000 2 Beds - 2 Baths - 2 Parking Within 1.7 km

Recently Sold Properties in this Area

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About North Melbourne

With an average age of 44, households expect an average monthly mortgage payment of N/A or a weekly rent payment of $129. The average family earns a weekly income of $700 with a typical household size of 1.7 and a 78.95% employment rate.

Consistent high demand relative to supply is a key feature in North Melbourne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in North Melbourne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in North Melbourne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in North Melbourne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Public Transport

General Points of Interest

Population

(Country of Birth not stated 29%)

Are people healthy?

There are a recorded 1757 asthma sufferers and 684 people living with diabetes. In addition, 488 people have a heart/vascular condition and 1275 people live with three or more chronic diseases.

A good place to invest in property?

North Melbourne a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

Victoria State average 44 / 100

Income

66 / 100

52 / 100

Industry

52 / 100

17 / 100

Population

52 / 100

32 / 100

House Prices

85 / 100

70 / 100

Jobs

55 / 100

34 / 100

Disclaimer

Local Crime Rates

Incidents Trend State Average

Local Schools

  • School Catchments
    Debney Meadows Primary School Mount Alexander 7-12 College

  • Debney Meadows Primary School

    Flemington, VIC, 3031 State Prep-6

  • Kensington Primary School

    Kensington, VIC, 3031 State Prep-6

  • North Melbourne Primary School

    North Melbourne, VIC, 3051 State Prep-6

  • Flemington Primary School

    Flemington, VIC, 3031 State Prep-6

  • Holy Rosary School

    Kensington, VIC, 3031 Independent Prep-6

  • St Brendan's School

    Flemington, VIC, 3031 Independent Prep-6

  • St Michael's School

    North Melbourne, VIC, 3051 Independent Prep-6

  • St Aloysius College

    North Melbourne, VIC, 3051 Independent 7-12

  • University High School

    Parkville, VIC, 3052 State 7-12

  • Mount Alexander 7-12 College

    Flemington, VIC, 3031 State 7-12

Property Story

Unit 185, 159 Melrose Street, North Melbourne, Vic, 3051 is a residential property . The estimated distance to the sea is 2.6km and at least 2.16KM to vegatation considered to be a factor in bushfire risk.

Local Developments

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  • 134 Acme Avenue Street, Town, State

    Description - Details the application. Type and other information pertaining to the development application and more...

    Authority Reference: UX0909823-GOV Website

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The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.

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