121-123 Powlett Street, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
OFF MARKET

121-123 Powlett Street
East Melbourne VIC 3002

Bedrooms: 1
Bathrooms: 2
Car spaces: 2
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Property Details for 121-123 Powlett St, East Melbourne

121-123 Powlett St, East Melbourne is a 1 bedroom, 2 bathroom House with 2 parking spaces and was built in 1890. While the property is not currently for sale or for rent, it was last sold in June 2025.

Building Type
House
Year Built
1890
Local Government
Melbourne
Lot/Plan
1/TP705392

Last Listing description (January 2020)

Powlett Street Grand single level double fronted 4BR terrace home

PROPERTY ID: 82018 (quote when calling)

Grand single level double fronted terrace UNFURNISHED or FURNISHED.
Inspect any day, any time, just call 0433 321 123 to arrange an inspection time.


There is the option of leasing fully furnished (as pictured) please enquire about this option and additional fees.
Leases less than one year also considered - please enquire about this option and additional fees.

This beautiful single level, double fronted terrace is located on Powlett Street and is set back from the street with a large front and rear grassed gardens. Close to the Fitzroy Gardens, the MCG, Tennis Centre and great inner city eating and shopping venues, as well as to trams and Joilimont Train Station.

The beautifully restored c1851 four bed room home, has two living areas and is full of character, charm and history and is just delightful with lots of modern touches!

You will love the sun rising in the morning and sitting on the front porch whist you have a coffee, being able to walk to several "milk bars"/general stores and small supermarkets, wine shops, cafes, restaurants and delis get your daily supplies.

The home is very well appointed with:
- 4 bedrooms (the main bed room has an ensuite and walk in robe)
- option for the 4th bed room to be a formal dining room
- two bathrooms (2 toilets, 2 showers, 1 bathtub)
- kitchen with Miele oven and Miele 4 burner gas stove & Miele dishwasher
- substantial front garden and rear garden; rear garden has paved entertaining area, grassed area and flower/vegetable garden
- the side lane way allows for the parking of one car in the rear carport, however two cars can potentially be parked in tandem if required

The living room is open plan with soaring 3.4 meter high ceilings (with intricate pressed metal designs).

There are a variety of restaurants, cafes and bars just a few minutes walk away, whilst Melbourne's most famous cosmopolitan shopping districts of Bridge Road, Smith Street and Brunswick Streets are just a hop, skip and jump away.

You can access Collins Street in the Central Business District (less than 1km) but walking less than 9 minutes walk and some other local points of interest are:
Melbourne University (3km)
RMIT City Campus (1.7km)
Australian Catholic University (650meters)
Hospitals (St Vincent's - 1.1km, Royal Melbourne Hospital - 2.9km, Epworth Richmond - 900m)

Powlett Street is a majestic tree lined street, boasting the longest continuous row of double story terrace homes in Australia (between Gipps and Hotham Street), where there are mature elms and beautiful inner city mansions and lots of little laneways to make every walk around the suburb unique.

This is a single level home of great proportions for a couple or a family. For a family there is a lot to do in the local area including a play ground in Powlett Reserve (200m away), another in the Fitzroy Gardens (300m away), and another in the park opposite the 7-11 Store on Wellington Parade (500m away).

There are tennis courts for hire in the next street, plus Melbourne city hire push bikes, car share cars within a few minutes walk (FlexiCar and GreenShareCar), and there are many gyms and public swimming pools nearby.

Property History for 121-123 Powlett St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$6,100,000
05 Jun 2025
  • 04 Nov 2019
    Listed for Rent $1,700 per week
  • 23 Apr 2013
    Listed for Rent - Price not available
  • 04 Nov 2008
    Listed for Sale Not Disclosed
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About East Melbourne 3002

The size of East Melbourne is approximately 1.9 square kilometres. There are 10 parks, covering nearly 46.0% of the total area. The population of East Melbourne in 2016 was 4964 people. By 2021 the population was 4896 showing a population decline of 1.4% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation.In 2021, 44.80% of the homes in East Melbourne were owner-occupied compared with 43.60% in 2016.

East Melbourne has 5,833 properties. Over the last 5 years, Houses in East Melbourne have seen a -10.47% decrease in median value, while Units have seen a -2.25% decrease. As at 31 July 2026:

  • The median value for Houses in East Melbourne is $3,171,102 while the median value for Units is $751,974.
  • Houses have a median rent of $1,150 while Units have a median rent of $680.
There are currently 20 properties listed for sale, and 18 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 243 properties were sold in the past 12 months in East melbourne.

Suburb Insights for East Melbourne 3002

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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.