42 Grey Street, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
OFF MARKET

42 Grey Street
East Melbourne VIC 3002

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 191m2
Land area: 1075m2
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Property Details for 42 Grey St, East Melbourne

42 Grey St, East Melbourne is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1879. The property has a land size of 1075m2 and floor size of 191m2. While the property is not currently for sale or for rent, it was last transferred in January 2023.

Building Type
House
Year Built
1879
Floor Size
191m2
Land Size
1075m2
Local Government
Melbourne
Lot/Plan
4/RP10206

Last Listing description (November 2022)

Standing tall and proud, this majestic Victorian home's superb spaces and tranquil garden setting provide outstanding family accommodation in one of Melbourne's most desirable and prestigious postcodes.

Nirvana, built in 1879 overlooking the iconic Darling Square gardens, is on the market for the first time in more than 40 years. High ceilings, elaborate ceiling roses and marble mantelpieces display all the evocative elegance of the era. Offering multiple living rooms, including sun -drenched north-facing informal living and dining, and absolute comfort and space for everyone in the family, Nirvana also has a rare secure carport entered from Buchan Lane.

Off the traditional entrance hall, the living room with an open fireplace and white marble mantel has front garden and park views. Another large sunny living room opens to a delightful courtyard garden which also connects to the living zone to create an appealing flowing floorplan. Updated over the years, Nirvana's kitchen, dining and informal living open to the north-facing courtyard garden for indoor-outdoor entertaining.

Upstairs the split landing with a booklined alcove leads to the romantic main bedroom with views past the balcony to Darling Square, a wall of full-height wardrobes and open fireplace surrounded by white marble mantel.

The main bedroom with adjacent bathroom is supported by two additional bedrooms with views over the rooftops and a central bathroom. More features include hydronic heating, reverse cycle heating and air-conditioning and excellent storage including under-stair storage.

The tiny suburb of East Melbourne reflects the history of Victoria with beautiful gardens, gold rush era homes, workmen's cottages, cobblestone laneways leading to coach houses and grand balconied homes like Nirvana trimmed with cast iron. The suburb, long famous for being home to artists, scientists, judges, entrepreneurs and politicians, is very popular among professionals and captains of industry.

Surrounded by wide tree-lined streets, heritage homes and parks, this home is just a short stroll to the CBD, the MCG and sports' precinct, Jolimont Station and the Richmond retail and caf precinct.

Property History for 42 Grey St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Transferred
06 Jan 2023
  • 06 Jan 2023
    Transferred
  • 16 Nov 2022
    Sold for $3,558,000
  • 24 Oct 2022
    Listed for Sale Sold: Undisclosed
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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 5,825 properties. Over the last 5 years, Houses in East Melbourne have seen a -9.53% decrease in median value, while Units have seen a 2.15% increase. As at 30 June 2026:

  • The median value for Houses in East Melbourne is $3,075,667 while the median value for Units is $780,890.
  • Houses have a median rent of $950 while Units have a median rent of $680.
There are currently 15 properties listed for sale, and 12 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 237 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.