5/1 O'Connell Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
OFF MARKET

5/1 O'Connell Street
North Melbourne VIC 3051

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 28m2
Land area: 370m2
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Last updated 6 Jul 2026
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Property Details for 5/1 O'Connell St, North Melbourne

5/1 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 28m2. While the property is not currently for sale or for rent, it was last sold in January 2007.

Building Type
Unit
Year Built
2006
Floor Size
28m2
Land Size
370m2
Local Government
Melbourne
Lot/Plan
5/PS513212

Last Listing description (January 2016)

***OPEN FOR INSPECTION *** OPENS START ON THE 5TH JANUARY 2016 - MONDAY TO SATURDAY FROM 3.00PM TO 3.30PM. PLEASE WAIT AT THE FRONT OF THE BUILDING FOR THE INSPECTION. PLEASE NOTE - NO INSPECTIONS WILL BE HELD ON 4TH OF JANUARY OR ON PUBLIC HOLIDAYS. **** THIS UNIT IS A STUDIO APARTMENT WITH 2 SINGLE BEDS. WALK TO MELBOURNE UNIVERSITY & RMIT & CITY CENTER 'VICTORIA TERRACE APARTMENTS' IS A BOUTIQUE DEVELOPMENT OF ONLY 15 STUDIO & 12 ONE BEDROOM FULLY FURNISHED STUDENT ONLY APARTMENTS. THIS SECURITY COMPLEX IS LOCATED WITHIN ONLY MINUTES WALK TO RMIT OR MELBOURNE UNIVERSITY AND SITUATED ON THE DOORSTEP OF THE VICTORIA MARKET AND THE CITY CENTER. THIS FULLY FURNISHED STUDIO APARTMENT FEATURES A MODERN KITCHEN WITH GAS COOKING AND LARGE CONTEMPORARY BATHROOM, DESIGNER APPOINTMENTS THROUGHOUT, HEATING, SPACIOUS BEDROOM WITH 2 SINGLE BED, QUALITY CARPET THROUGHOUT, SPECTACULAR CITY VIEWS, PRIVATE BALCONY. THIS PURPOSE BUILT STUDENT ACCOMMODATION BUILDING INCLUDES SECURITY ENTRY, LARGE COMMUNAL LOUNGE, COIN OPERATED LAUNDRY, BIKE STORAGE, ELEVATOR ACCESS TO ALL FLOORS AND CAFE AND RESTAURANTS ONLY METERS AWAY. HIGH SPEED BROADBAND INTERNET AVAILABLE GAS INCLUDED IN RENTAL.

Property History for 5/1 O'Connell St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$160,000
13 Jan 2007
Listed for Rent
$170/w
09 Jul 2021
  • 04 Jan 2016
    Listed for Rent $300 / week
  • 24 Sep 2015
    Listed for Rent $300 / week
  • 16 Dec 2014
    Listed for Rent $295 / 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 12,816 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 35 properties listed for sale, and 35 properties listed for rent in North melbourne on OnTheHouse. According to Cotality's data, 569 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.