171-173 Gipps St, East Melbourne is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1860. The property has a land size of 474m2 and floor size of 262m2. While the property is not currently for sale or for rent, it was last sold in March 2024.
Tastefully reinterpreted, this rare, freestanding two-storey Victorian home on approx. 474sqm of land, includes exquisite period detail, grace and character, together with an array of modern comforts, just a stone's throw from Fitzroy Gardens.
Thought to be Gipps Street's oldest standing residence with roots stretching back to c1860, the home, composed of bluestone and brick, serves as a captivating article of mid-Victorian architecture. Its own private sanctuary set behind a high front fence, a verdant front yard reveals a wide entrance hall, showcasing towering ceilings and a range of ornamentation en route to an airy main section. Wonderfully bright and simple, an open-plan family/meals area is comfortably catered for by a smart kitchen boasting upscale appliances and plentiful cabinetry, continuing into a serene backyard displaying artfully manicured and cleverly irrigated gardens.
Illustrating the home's emphases on historical integrity, freedom of flow, and every-day ease, broad formal living and dining areas step seamlessly into an enclosed, covered, and tranquil outdoor setting, providing an ideal space for a quiet morning coffee, blue-sky afternoon, or starlit summer evening with friends. Accompanied by a sizeable main bathroom with heated towel rails and an individual bath and shower, a first-floor main bedroom highlights the home's outstanding dimensions, with spacious robes and a north-facing balcony spanning its entire length and width respectively. A combined bathroom/laundry services three further bedrooms, with a private southern balcony enhancing a generous guest room.
Featuring an open living/workspace, bathroom, kitchenette, and heating/cooling, a lofted studio/office joins a double garage in capitalising on rear frontage to Hotham Place, while additional highlights include hydronic heating, reverse cycle heating/cooling, original fireplaces, a video intercom with access control, and sizeable cellar below a ground-floor powder room. Just metres from several railway stations and tram routes, the iconic MCG precinct, and thriving lifestyle hubs of Collingwood, Fitzroy, and Richmond.
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 5,806 properties. Over the last 5 years, Houses in East Melbourne have seen a -15.67% decrease in median value, while Units have seen a -4.48% decrease. As at 31 August 2026:
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