O'Connell StreetNorth Melbourne VIC 3051
Property Details for 21/1 O'Connell St, North Melbourne
21/1 O'Connell St, North Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2006. The property has a land size of 370m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in December 2024.
Last Listing description (July 2026)
Introducing a prime investment opportunity with rental locked in for the new year already at $365/week approx.
A contemporary studio apartment within the exclusive "Victoria Terrace Apartments". Designed specifically for students, this boutique development offers convenience, comfort, and a vibrant urban lifestyle, all within walking distance to Melbourne University, RMIT, and the bustling city centre.
Apartment Features:
- Current rental:
$1434 per calendar month (approx $330/week). Lease renewed and locked-in for next year at $365/week. Lease ends at 21/01/2026
- Purpose-Built for Students: This studio apartment is tailored for student living, featuring a spacious layout with two single beds (photo shows the beds placed together), providing both comfort and practicality.
- Modern Kitchen: Equipped with gas cooking, the kitchen is designed for efficiency and ease, perfect for busy student life.
- Stylish Bathroom: The large contemporary bathroom boasts designer appointments, adding a touch of luxury to everyday living.
- Comfort and Quality: With quality carpet throughout, heating for year-round comfort, and a private balcony offering streetscape views, this apartment ensures a pleasant and conducive environment for study and relaxation.
Building Amenities:
- Security and Accessibility: The secure complex includes a security entry and elevator access to all floors, ensuring peace of mind and convenience for all residents.
- Community Spaces: A large communal lounge provides a perfect space for socialising and unwinding, fostering a strong sense of community among residents.
- Practical Facilities: Coin-operated laundry facilities and bike storage add to the convenience of student living.
- High-Speed Internet: Stay connected with high-speed internet available through Superloop Internet, essential for both study and entertainment.
Location Highlights:
- Prime Position: Situated just minutes from RMIT and Melbourne University, this apartment offers unparalleled access to top educational institutions.
- Urban Lifestyle: Located right on the doorstep of the iconic Queen Victoria Market and the city centre, residents can enjoy a plethora of cafes, restaurants, and shops, all just a short stroll away.
This studio apartment represents an excellent investment in a high-demand area, catering perfectly to the student rental market. With its modern amenities, strategic location, and the unique advantage of being part of a student-only accommodation complex, it promises steady rental returns and potential for capital growth.
Dont miss out on securing this prime student accommodation unit in North Melbourne. Contact us today to arrange a viewing and explore this exceptional investment opportunity.
NOTE - images show staged furniture for advertising purposes only.
Property History for 21/1 O'Connell St, North Melbourne, VIC 3051
- 28 Oct 2025Listed for Rent $380 / week
- 07 Dec 2024Sold for $157,000
- 10 Jul 2024Listed for Sale UNDER OFFER
Recent sales nearby
See more recent sales nearby/assets/perm/z2rplwetvyi6vkqe662nakg3se?signature=4fee2cd6890d4f9545ca93993f5b63ee1b07fc66e7de117e8ed797d12de5613a){kind=logo}
0
/assets/perm/osvhsvjalui63h6c2uml5ql3cm?signature=fcb778f25f8783d5a323e851ca0c63a2c39854e92e86ba245fb73fe0b97a4846){kind=logo}
0/assets/perm/x42ijz63yei6njuhbfviqqf3gi?signature=348bc150b145ad4c52c8c7e2230dc45dc81172f5337b75bdd6cf8a1e6fbfbe25){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About 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 12,826 properties. Over the last 5 years, Houses in North Melbourne have seen a -14.47% decrease in median value, while Units have seen a -2.46% decrease. As at 31 July 2026:
- The median value for Houses in North Melbourne is $1,238,107 while the median value for Units is $502,125.
- Houses have a median rent of $760 while Units have a median rent of $610.
Suburb Insights for North Melbourne 3051
Market Insights
North Melbourne Trends for Houses
N/A
N/A
View TrendN/A
N/A
North Melbourne Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© 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.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
