16/1 O'Connell Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
OFF MARKET

16/1 O'Connell Street
North Melbourne VIC 3051

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Last updated 13 Jul 2026
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Property Details for 16/1 O'Connell St, North Melbourne

16/1 O'Connell St, North Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2006. While the property is not currently for sale or for rent, it was last sold in March 2019.

Building Type
Unit
Year Built
2006
Local Government
Melbourne
Lot/Plan
16/PS513212

Last Listing description (January 2025)

Sought after one bedroom apartment

UNDER APPLICATION!!!

Apartment 16 is set within the Victoria Terrace Apartments, a boutique development designed for student living. Inside, the apartment offers one bedroom, one bathroom and spacious, open-plan living. There is a contemporary kitchen with gas cooking and plenty of storage space. There is a private balcony with city views and quality finishes throughout to complete a comfortable inner-city apartment.

This apartment is perfectly poised to offer a life of convenience. The Melbourne University campus, RMIT, Victoria Market and city centre all within walking distance, making this a highly sought-after locale for students wanting to live in the heart of Melbourne.

Tenants can also enjoy secure access, a large communal lounge, coin-operated laundry, bike storage, lift access and easy access to cafes and restaurants, making this one of the most sought-after student accommodation options in the city.

Please register your interest in arranging a viewing by submitting an online enquiry!!

Comes furnished.
Communal laundry.
Electric heating.
Gas for the cooktop included.
Tenant to pay for electricity, water and internet.

Property History for 16/1 O'Connell St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$210,000
13 Mar 2019
  • 01 Jan 2025
    Listed for Rent $400 per week furnished
  • 06 Feb 2023
    Listed for Rent $350 per week
  • 19 Oct 2017
    Listed for Rent $330 per week
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About North Melbourne 3051

The size of North Melbourne is approximately 2.4 square kilometres. There are 12 parks, covering nearly 4.7% of the total area. The population of North Melbourne in 2016 was 14940 people. By 2021 the population was 14953 showing a population growth of 0.1% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation.In 2021, 33.00% of the homes in North Melbourne were owner-occupied compared with 28.50% in 2016.

North Melbourne has 12,820 properties. Over the last 5 years, Houses in North Melbourne have seen a -10.73% decrease in median value, while Units have seen a -6.01% decrease. As at 30 June 2026:

  • The median value for Houses in North Melbourne is $1,239,553 while the median value for Units is $491,194.
  • Houses have a median rent of $755 while Units have a median rent of $600.
There are currently 39 properties listed for sale, and 39 properties listed for rent in North melbourne on OnTheHouse. According to Cotality's data, 566 properties were sold in the past 12 months in North melbourne.

Suburb Insights for North Melbourne 3051

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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.