19-25 Racecourse RoadNorth Melbourne VIC 3051
Property Details for 19-25 Racecourse Rd, North Melbourne
Last Listing description (May 2017)
19-25 Racecourse Road, North Melbourne undeniably represents one of inner Melbourne's best high density redevelopment prospects (STCA). Positioned on the southern side of Racecourse Road, immediately west of its intersection with Flemington Road, the site boasts proximity to many of Melbourne's most sought after amenities and being just 2.5 kms* to Melbourne's CBD.
Amenities namely include Royal Park, the largest of Melbourne's Parks, comprising some 170 hectares of public open space. Together this vast area incorporates Melbourne's State Netball & Hockey Centre, Melbourne Zoo, Royal Park Golf Course, a host of open sporting fields and pavilions and much more.
Property highlights include:
Direct rear street access (via George Street)
Versatile Commercial 1 Zoning
Development Scheme prepared by prominent architectural firm - Bruce Henderson Architects
Positioned on the edge of Melbourne's most anticipated urban renewal precinct; Arden-Macaulay
Serviced by ample public transport; with immediate tram services (via Racecourse Rd & Flemington Road) and train services available from nearby Flemington Gate railway station (approx. 200m)
Property is to be sold with the advantage of a short term leaseback, returning $350,000 p.a. - Earn while you plan!
Your chance to enter into one of Melbourne's most in demand inner city suburbs, North Melbourne. An area with proven success in high density living.
*approx.
Property History for 19-25 Racecourse Rd, North Melbourne, VIC 3051
- 02 Sep 2015Listed for Sale EXPRESSIONS OF INTEREST
- 28 Mar 2011Transferred
- 23 Feb 2008Listed for Sale 2500000
Recent sales nearby
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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 12,779 properties. Over the last 5 years, Houses in North Melbourne have seen a -8.72% decrease in median value, while Units have seen a -4.55% decrease. As at 30 April 2026:
- The median value for Houses in North Melbourne is $1,304,139 while the median value for Units is $515,667.
- Houses have a median rent of $750 while Units have a median rent of $600.
Suburb Insights for North Melbourne 3051
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