38/5-7 Drewery Lane, Melbourne is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1910. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 3 bedroom Unit sold in Melbourne in the last 12 months.
***FULLY FURNISHED***TUCKED AWAY FROM THE MELBOURNE MAYHEM, THIS UNIQUE WAREHOUSE APARTMENT IS UNPARALLELED WHEN IT COMES TO LOCATION AND LIFESTYLE. THIS FORMER FIVE STOREY TOBACCONIST WAREHOUSE AND FACTORY WAS CONSTRUCTED IN THE EDWARDIAN ERA AND IS ENRICHED WITH CHICAGOESQUE STYLE THROUGHOUT. ENRICHED WITH TRADITIONAL MELBOURNE COBBLED STONE LANEWAY APPEAL, THIS TOP FLOOR, SPLIT-LEVEL APARTMENT IS ONE OF THE BUILDINGS STAND OUTS, ENHANCED BY THE HIGH EXPOSED CONCRETE CEILINGS WITH DISTINCTIVE MUSHROOM PILLARS THAT HAVE BEEN STANDING FOR 107 YEARS.SPLIT OVER TWO LEVELS, THIS WINNING PROPERTY HAS PLENTY TO OFFER. ENJOY SOUTHERN FACING BALCONIES WITH SWEEPING VIEWS OVERLOOKING EMPORIUM AND MELBOURNE CENTRAL, OR CHOOSE TO CLIMB HIGHER TO THE LUSH COMMUNAL ROOF-TOP TERRACE. THE APARTMENT ITSELF BOASTS A LARGE OPEN-PLAN LIVING AND DINING AREA, COMPLIMENTED BY STUNNING WOODEN FLOORBOARDS AND HUGE WINDOWS FILLING THE ROOMS WITH SUNLIGHT. COMPRISING A WELL-EQUIPPED KITCHEN WITH GAS COOKING, TWO GENEROUS BEDROOMS BOTH WITH ADJOINING BALCONIES, THE MASTER WITH WALK-THROUGH WARDROBE AND ENSUITE, AND A SECOND MODERN BATHROOM AND SEPARATE LAUNDRY FACILITIES. EVEN ENJOY A QUIET BOOK AND CUP OF TEA IN A THIRD SMALLER STUDY ROOM! ADDITIONAL FEATURES INCLUDE SPLIT-SYSTEMS IN EVERY ROOM, A SECURE BASEMENT CAR PARK AND CONTEMPORARY FURNISHINGS THROUGHOUT.SITUATE YOURSELF JUST MOMENTS FROM EVERYTHING THAT MELBOURNE HAS TO OFFER, INCLUDING THE ICONIC STATE LIBRARY, QV, QUEEN VIC MARKETS, THE BEAUTIFUL CARLTON AND TREASURY GARDENS, AND AMPLE PUBLIC TRANSPORT. SURROUNDED BY ASTONISHING RESTAURANTS, BARS AND CAFES YOU ARE SERIOUSLY SPOILED FOR CHOICE WHEN IT COMES TO GETTING OUT OF THE HOUSE.
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of 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 64,264 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:
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