4/56 Simpson Street, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
OFF MARKET

4/56 Simpson Street
East Melbourne VIC 3002

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 280m2
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Last updated 3 Aug 2026
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Property Details for 4/56 Simpson St, East Melbourne

4/56 Simpson St, East Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1940. The property has a land size of 280m2.

Building Type
Unit
Year Built
1940
Land Size
280m2
Local Government
Melbourne

Last Listing description (March 2023)

This light filled spacious one bedroom apartment is full of fabulous benefits, living so close to the City, Richmond and Melbourne's famous sites has its benefits!

This older-style apartment boasts:

- open plan lounge and dining

- separate kitchen with gas stove and laundry taps

- light filled bedroom

- tiled bathroom with shower over bath

- small rear balcony deck with backyard access

- large communal rear garden

- gas heating

Located in desirable East Melbourne, only 350m to Wellington Parade trams or 800m Victoria Parade trams, easy access to trains with North Richmond station 800m away & Richmond Train station 1.1km away. Walking distance to Fitzroy Gardens just 550m & 1.2kms to Yarra Park: home to Melbourne's iconic MCG.

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Property History for 4/56 Simpson St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Listed for Rent
$375/w
16 Mar 2023
  • 10 Mar 2023
    Listed for Rent $375 / week
  • 24 Aug 2021
    Listed for Rent $295 / week
  • 03 Jan 2013
    Listed for Rent $280 / week
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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 5,829 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 17 properties listed for sale, and 15 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.