341-347 Queensberry StreetNorth Melbourne VIC 3051
Property Details for 341-347 Queensberry St, North Melbourne
Last Listing description (June 2021)
Savills is delighted to offer for sale this high profile city fringe freehold with significant development potential situated at 341-347 Queensberry Street, North Melbourne. The property presents an ideally placed freehold within one of Melbourne's most highly sought after city-fringe locations, with the suburb set to undergo significant redevelopment within the short term.
The key attributes of the property include:
- Prime triple fronted corner landholding of 379sq m*
- Combined 60m* frontage to Queensberry Street and Peel Street plus valuable lane access
- Favourable Capital City Zoning
- Approved permit/endorsed plans for 8-level mixed-use project designed by 'Jackson Clements Burrows'
- Alternate scheme for student accommodation project
- Potential for expansive CBD views from completed project
- Unrivalled city-fringe location situated just 250m* from Queen Victoria Market (set to undergo $250m* revitalisation)
- Easy walking distance to University of Melbourne, RMIT, Flagstaff Gardens and Melbourne's major medical/hospital precinct
- A one of a kind development opportunity within a high growth employment and student precinct
341-347 Queensberry Street, North Melbourne is SOLD.
For further information please contact:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888
*Approx.
Property History for 341-347 Queensberry St, North Melbourne, VIC 3051
- 07 Mar 2019Sold for $5,700,000
- 06 Feb 2019Listed for Sale Not Disclosed
- 19 Jul 2018Listed for Sale Contact Agent
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 12,824 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.
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