GROUND FLOOR/265 Drummond StreetCarlton VIC 3053
Property Details for Ground Floor/265 Drummond St, Carlton
Ground Floor/265 Drummond St, Carlton is a 1 bedroom, 1 bathroom House and was built in 1996. While the property is not currently for sale or for rent, it was last transferred in June 2016.
Last Listing description (May 2025)
Prime Mixed-Use Opportunity in the Heart of Carlton
Discover this rare opportunity at 265 Drummond Street, Carlton, perfectly positioned in one of Melbourne's most vibrant neighbourhoods. This dual-purpose property combines a ground-floor commercial shopfront with an inviting apartment above, offering unparalleled versatility for investors, owner-occupiers, or entrepreneurs.
Ground Floor - Retail Space
Set on a bustling street, the shopfront provides excellent visibility and foot traffic, ideal for a caf, boutique, or office. With large windows, high ceilings, and ample interior space, it's ready for a variety of uses or customised to meet your business needs.
First Floor - Residential Apartment
The upstairs apartment is a serene retreat featuring well-sized rooms, high ceilings, and abundant natural light. Complete with a cozy living area, renovated kitchen, bathroom, and 2 bedrooms, it offers comfort and convenience for city living. This versatile space could serve as a private residence or rental accommodation.
Location Highlights
Nestled in the heart of Carlton, 265 Drummond Street places you within easy reach of Melbourne's renowned Lygon Street dining precinct, parks, and public transport options. Both tenants and business patrons will appreciate the convenience and character of this inner-city locale.
Key Features:
- Mixed-use layout with shop and apartment
- High-exposure retail frontage
- Light-filled apartment above
- Close to iconic Carlton amenities and Melbourne CBD
This property at 265 Drummond Street is a rare find, presenting an opportunity to blend business with lifestyle or invest in Carlton's thriving market.
External Features:
Currently occupying the rear of the title, the potential to develop (STCA) awaits. With the possibility of developing a modern extension at the rear, the potential for growth in this property is impeccable.
Property History for Ground Floor/265 Drummond St, Carlton, VIC 3053
- 13 Nov 2024Listed for Sale SALE $1,595,000 - $1,690,000
- 06 Jul 2021Listed for Rent $500 per week
- 30 Sep 2020Listed for Rent $450 per week
Recent sales nearby
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About Carlton 3053
The size of Carlton is approximately 1.7 square kilometres. There are 9 parks, covering nearly 20.9% of the total area. The population of Carlton in 2016 was 18535 people. By 2021 the population was 16055 showing a population decline of 13.4% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation.In 2021, 23.30% of the homes in Carlton were owner-occupied compared with 18.60% in 2016.
Carlton has 16,058 properties. Over the last 5 years, Houses in Carlton have seen a -12.29% decrease in median value, while Units have seen a -13.64% decrease. As at 31 July 2026:
- The median value for Houses in Carlton is $1,453,978 while the median value for Units is $341,114.
- Houses have a median rent of $883 while Units have a median rent of $570.
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