5/480 Victoria St, North Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1890. The property has a land size of 519m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
This is an exceptional opportunity located on the first floor of the iconic George Hotel building (one of only eight apartments), this residence offers spacious living, dual outdoor areas, and unmatched convenience in the heart of North Melbourne.Nestled at the rear and bathed in natural northern light, the apartment features two generous bedrooms with built-in robes, serviced by a central bathroom with a frameless shower, a powder room with a second toilet, and hidden laundry facilities. The open-plan living and dining area, framed by floor-to-ceiling windows, is complemented by a modern kitchen complete with an island breakfast bar, stainless-steel appliances, and an integrated dishwasher. This boutique gem also includes split-system heating and cooling, a private balcony off the main bedroom, and an undercover terrace off the living area with a mains-connected BBQ. Secure entry and an undercover parking space further enhance the appeal.With a tram stop at your doorstep and the vibrant Errol Street just around the corner, you're within walking distance of Queen Victoria Market, Flagstaff Gardens, and close to sought-after schools (in the University High School zone), the hospital and university precincts, and the CBD.
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 12,825 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:
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