512/1 Westley Avenue, Ivanhoe, VIC 3079 | Property Value & History | OnTheHouse
OFF MARKET

512/1 Westley Avenue
Ivanhoe VIC 3079

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 113m2
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Last updated 19 Jan 2026
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Property Details for 512/1 Westley Ave, Ivanhoe

512/1 Westley Ave, Ivanhoe is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2016. The property has a floor size of 113m2.

Building Type
Unit
Year Built
2016
Floor Size
113m2
Local Government
Banyule

Last Listing description (November 2018)

Supremely elevated in leafy Ivanhoe's most convenient location, this grand 3 bedroom penthouse successfully delivers an enviable lifestyle of luxury and low maintenance creating a tranquil haven overlooking Melbourne CBD.
Immediately greeted with captivating city views, the elegant entry hall introduces a thoughtfully zoned contemporary floorplan orientated to showcase the breathtaking vistas throughout with open plan living and dining serviced by sophisticated gourmet kitchen flowing to expansive balcony perfect for alfresco entertaining and blending indoor outdoor enjoyment.
Master bedroom includes walk in robe and sumptuous ensuite whilst a further two oversized robed bedrooms are conveniently located to the designer family bathroom with separate bath and shower.

Further compliments include 2 secure basement carparks, 3 storage cages, heating, cooling and access to this landmark buildings residents' rooftop deck, garden and entertaining space with 360 degree views in a sought location surrounded by blue-chip infrastructure only meters from thriving Ivanhoe village retail, cafes, restaurants & grocers, Ivanhoe Train Station, Ivanhoe Grammar and Ivanhoe Girls Grammar schools, Austin & Mercy hospitals, LaTrobe University, easy access to the Eastern Freeway and only 9kms (approx.) from the CBD

Property History for 512/1 Westley Ave, Ivanhoe, VIC 3079

A timeline of how this property has performed in the market
  • 31 Jul 2018
    Listed for Sale Contact Agent
  • 28 Jun 2017
    Listed for Sale Contact agent for details
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About Ivanhoe 3079

The size of Ivanhoe is approximately 5.5 square kilometres. It has 18 parks covering nearly 21.1% of total area. The population of Ivanhoe in 2016 was 12171 people. By 2021 the population was 13374 showing a population growth of 9.9% in the area during that time. The predominant age group in Ivanhoe is 30-39 years. Households in Ivanhoe are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ivanhoe work in a professional occupation.In 2021, 65.10% of the homes in Ivanhoe were owner-occupied compared with 66.70% in 2016.

Ivanhoe has 8,357 properties. Over the last 5 years, Houses in Ivanhoe have seen a 28.61% increase in median value, while Units have seen a 5.27% increase. As at 31 December 2025:

  • The median value for Houses in Ivanhoe is $2,043,532 while the median value for Units is $743,934.
  • Houses have a median rent of $700 while Units have a median rent of $570.
There are currently 11 properties listed for sale, and 14 properties listed for rent in Ivanhoe on OnTheHouse. According to Cotality's data, 363 properties were sold in the past 12 months in Ivanhoe.

Suburb Insights for Ivanhoe 3079

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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.