5/45-47 Gipps St, East Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1930. While the property is not currently for sale or for rent, it was last sold in November 2019.
A truly rare opportunity, perfectly positioned on the first floor of this charming and tightly held mid 1850’s building (only eight in the block), overlooking the leafy Darling Square Park, this bright and airy one bedroom apartment invites easy living superbly blended with the formal ambience and style that is East Melbourne. Residence 5 boasts a large living/dining room, a good sized bedroom with built-in-robes and ensuite, original fireplaces, beautiful sash windows with plantation shutters that filter in bright warm natural light, a well equipped kitchen with herringbone parquetry floors, hydronic heating throughout, a security entrance and a secure, undercover, remote controlled door, car park. Its central location invites benefits from a multitude of bars and restaurants, art galleries, public transport and only steps to the MCG, Fitzroy Gardens and Paris end of the CBD. This property is your chance buy your own oasis within Melbourne's most liveable suburb.
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 5,830 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:
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