17-19 Gipps Street, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
OFF MARKET

17-19 Gipps Street
East Melbourne VIC 3002

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 280m2
Land area: 484m2
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Property Details for 17-19 Gipps St, East Melbourne

Building Type
Commercial
Year Built
1875
Floor Size
280m2
Land Size
484m2
Local Government
Melbourne
Lot/Plan
1/TP344076

Last Listing description (April 2021)

A prominent East Melbourne landmark adjacent to Darling Gardens and the tennis club, this substantial double-storey, shopfront residence presents rare city-edge potential on a remarkable 521sqm approx. with rear ROW. An intrinsic, enduring identity in the rich cultural heritage of a prestigious inner-Melbourne pocket, this beautiful building c1875 with everything open to change beyond its bluestone outer walls is primed and ready for a breathtaking transformation. Endless opportunity surrounds this magnificent site in a mixed-use zone with a vast array of rewarding future options to consider from a luxury apartment development, offices or medical consultancy to a boutique hotel, restaurant/bar or renovated private residence (STCA). Currently consisting of eight principal rooms with outlooks to the park and possible rooftop city views, this vast Victorian residence opens to a huge rear garden including original stable/garaging with rear laneway access safely shared with two designer townhouses. A unique East Melbourne opening of unrivalled size and scope, become the custodian of a local icon and relish the chance to reimagine the space and re-establish its standing as a grand, celebrated domain. The quiet, blue-ribbon location is exceptionally convenient just a short stroll into the CBD, theatre district, Melbourne Cricket Ground and sports' precinct, hospitals, trams, train station and inner-city cafe and shopping hubs.

Property History for 17-19 Gipps St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$4,207,500
29 Mar 2021
  • 29 Mar 2021
    Sold for $4,207,500
  • 01 Mar 2021
    Listed for Sale Contact Agent
  • 13 Nov 2017
    Sold for $3,520,000
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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 5,830 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 13 properties listed for sale, and 13 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 242 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.