5/480 Victoria Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
OFF MARKET

5/480 Victoria Street
North Melbourne VIC 3051

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 83m2
Land area: 519m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 13 Jul 2026
Low

High
Save

Property Details for 5/480 Victoria St, North Melbourne

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.

Building Type
Unit
Year Built
1890
Floor Size
83m2
Land Size
519m2
Local Government
Melbourne
Lot/Plan
5/PS449660

Last Listing description (May 2026)

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.

Property History for 5/480 Victoria St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$740,000
31 Oct 2024
Listed for Rent
05 Feb 2021
  • 31 Oct 2024
    Sold for $740,000
  • 28 Jun 2024
    Listed for Sale EOI $700,000 - $740,000
  • 28 Sep 2020
    Listed for Rent $500 / week
Sign in to see more transactions
Commute Calculator

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 12,825 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:

  • 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 39 properties listed for sale, and 41 properties listed for rent in North melbourne on OnTheHouse. According to Cotality's data, 561 properties were sold in the past 12 months in North melbourne.

Suburb Insights for North Melbourne 3051

Market Insights
North Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
North Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.