3 Melrose Street, Cremorne, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

3 Melrose Street
Cremorne VIC 3121

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 307m2
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Last updated 19 Jan 2026
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Property Details for 3 Melrose St, Cremorne

3 Melrose St, Cremorne is a 4 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 307m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Floor Size
90m2
Land Size
307m2
Local Government
Yarra
Lot/Plan
1/TP249033

Last Listing description (November 2024)

Viewings by private appointment only, please contact agent to arrange a time.

Plan for the future in vibrant Cremorne with this renovation-ready Victorian cottage on approximately 305sqm of sought-after land. An incredibly rare value-add or development opportunity with no heritage overlay, this is your chance to bring vision and energy to create something truly special in a highly prized part of town.

- Existing four-bedroom, one-bathroom dwelling with spacious rooms and high ceilings
- Separate living room and dining area together with a rear kitchen and bathroom
- Well-sized outdoor area with pedestrian access to a laneway at the rear.
- Opportunity to carry out an extensive renovation enhancing and reinstating the period appeal to honour the charm of this period of architecture.
- Alternatively, clear the generous site for a luxury family residence or use existing permits to build two 4 bedroom / 3 bathroom / 2 car space multi-townhouses (all options STCA).

Immersed in the heart of the much-loved neighbourhood, where visits to hole-in-the-wall cafes & eclectic bars are the daily norm, this challenging yet potential-loaded opening is within moments of Richmond station, trams & MCG and an easy trip to the Yarra riverbanks and heart of the city.

Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.

The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.

Property History for 3 Melrose St, Cremorne, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,555,000
13 May 2023
  • 01 Aug 2024
    Listed for Sale Private Sale $1.65m
  • 13 May 2023
    Sold for $1,555,000
  • 20 Apr 2023
    Listed for Sale $1.2m - $1.32m
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About Cremorne 3121

The size of Cremorne is approximately 0.7 square kilometres. It has 3 parks covering nearly 0.5% of total area. The population of Cremorne in 2016 was 2018 people. By 2021 the population was 2158 showing a population growth of 6.9% in the area during that time. The predominant age group in Cremorne is 30-39 years. Households in Cremorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cremorne work in a professional occupation.In 2021, 48.30% of the homes in Cremorne were owner-occupied compared with 48.90% in 2016.

Cremorne has 2,319 properties. Over the last 5 years, Houses in Cremorne have seen a 3.99% increase in median value, while Units have seen a 5.20% increase. As at 31 December 2025:

  • The median value for Houses in Cremorne is $1,352,681 while the median value for Units is $714,122.
  • Houses have a median rent of $800 while Units have a median rent of $660.
There are currently 2 properties listed for sale, and 4 properties listed for rent in Cremorne on OnTheHouse. According to Cotality's data, 114 properties were sold in the past 12 months in Cremorne.

Suburb Insights for Cremorne 3121

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality 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 Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.