171-173 Gipps Street, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
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171-173 Gipps Street
East Melbourne VIC 3002

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 262m2
Land area: 474m2
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Property Details for 171-173 Gipps St, East Melbourne

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.

Building Type
House
Year Built
1860
Floor Size
262m2
Land Size
474m2
Local Government
Melbourne
Lot/Plan
1/TP404306

Last Listing description (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.

Property History for 171-173 Gipps St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$6,400,000
13 Mar 2024
  • 13 Mar 2024
    Sold for $6,400,000
  • 14 Feb 2024
    Listed for Sale UNDER CONTRACT
  • 26 Oct 2002
    Sold for $1,935,000
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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 5,806 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:

  • The median value for Houses in East Melbourne is $3,187,953 while the median value for Units is $741,658.
  • Houses have a median rent of $1,200 while Units have a median rent of $695.
There are currently 12 properties listed for sale, and 16 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 236 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.