209/9 Degraves Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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209/9 Degraves Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 2018m2
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Last updated 15 Jun 2026
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Property Details for 209/9 Degraves St, Melbourne

209/9 Degraves St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1900. The property has a land size of 2018m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in April 2025.

Building Type
Unit
Year Built
1900
Floor Size
54m2
Land Size
2018m2
Local Government
Melbourne
Lot/Plan
209A/PS508080

Last Listing description (April 2025)

Reach lofty heights with this New York inspired apartment located within the historic Mutual Building, offering a perfect blend of heritage charm and contemporary living. Recently refreshed with new paint and carpet, this property is a standout opportunity for a first home buyer, astute investor or someone looking for a city base in the heart of the Melbournes central business and entertainment district.
Key features.
Loft-Style Design: Soaring high ceilings in the living area create a sense of openness, enhanced by tall windows and large sills that flood the space with natural light.

Mezzanine Bedroom: Elevated for privacy, the mezzanine-style bedroom offers a cozy retreat with a view of the living space below.
Modern Updates: Freshly painted and recarpeted, the apartment is ready for its next owner.
Rare Basement Car Space: A valuable inclusion in this central location, providing unparalleled convenience.
Location Highlights:
Nestled in one of Melbournes most vibrant precincts, this apartment is just steps from renowned cafes, boutique shopping, cultural landmarks, and excellent public transport connections. Whether its a quick coffee on Degraves Street or a leisurely stroll to Federation Square, youll be at the center of it all.

This is the perfect home for professionals, first-home buyers, or investors seeking a distinctive property with timeless appeal and incredible lifestyle benefits.

Additional Notes:
* Car space is currently leased for $90 per week on a temporary basis. The market price is approximately $5,000 per year.
* Anticipated rental $650 - $700 per week based on comparable apartments within the same complex.
* Short-term furnished apartments typically lease for between $300 - $500 per night subject to the quality of the furnishings and inclusions.

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Property History for 209/9 Degraves St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$530,000
04 Apr 2025
  • 04 Apr 2025
    Sold for $530,000
  • 26 Nov 2024
    Listed for Sale Not Disclosed
  • 16 Nov 2002
    Sold for $339,250
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,370 properties. Over the last 5 years, Houses in Melbourne have seen a 1.23% increase in median value, while Units have seen a -5.07% decrease. As at 31 May 2026:

  • The median value for Houses in Melbourne is $1,426,624 while the median value for Units is $434,769.
  • Houses have a median rent of $718 while Units have a median rent of $680.
There are currently 301 properties listed for sale, and 200 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2612 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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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.

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