177-179 Gipps Street, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
OFF MARKET

177-179 Gipps Street
East Melbourne VIC 3002

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 464m2
Land area: 720m2
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Property Details for 177-179 Gipps St, East Melbourne

177-179 Gipps St, East Melbourne is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1861. The property has a land size of 720m2 and floor size of 464m2. While the property is not currently for sale or for rent, it was last sold in November 2016.

Building Type
House
Year Built
1861
Floor Size
464m2
Land Size
720m2
Local Government
Melbourne
Lot/Plan
1/TP834787

Last Listing description (December 2016)

INSPECT BY APPOINTMENT
This significant East Melbourne residence has played an important role in many of Melbourne s pivotal events, particularly as the setting for meetings that subsequently resulted in the establishment of Australia's inaugural association of The Queen Victoria Hospital and the Victorian Medical Women's Association a body that persists to this day. Following a period where it performed with distinction as the Chrysalis Gallery, this illustrious property has been returned by spectacular renovation to its original role as a wonderful family home. Northern light graces the elegant Italianate sitting room that leads to a refined dining room, with its own butler s pantry and a series of superb everyday living and dining spaces featuring 300 year old Parisian oak floors and the contemporary contrast of a state-of-the-art kitchen. Above, accessed by stairs or a glass walled lift, four bedrooms and two bathrooms provide alluring accommodation, including a main bedroom accompanied by a romantic balcony, dressing room and stunning marble ensuite. A north-facing library enhances the appeal of this free standing residence surrounded by landscaped gardens, western courtyard with its original 1870 s tiled paving and a light-filled pavilion with bathroom overlooking the rear formal garden. Uncompromised luxury matches compelling character in a location acknowledged for its exceptional lifestyle advantages walking distance from the CBD and the MCG. Simply the best in the world s most liveable city! Additional features include wine cellar, excellent security, hydronic heating and cooling, automated sprinkler system and rear off street parking.

Property History for 177-179 Gipps St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$7,250,000
01 Nov 2016
  • 01 Nov 2016
    Sold for $7,250,000
  • 27 Sep 2016
    Listed for Sale Private Sale
  • 06 Dec 2012
    Sold for $4,500,000
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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 5,822 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 13 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 241 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.