50 Alfred StreetNorth Melbourne VIC 3051
Property Details for 50 Alfred St, North Melbourne
50 Alfred St, North Melbourne is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1930. The property has a land size of 267m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 2 bedroom House sold in North Melbourne in the last 12 months.
Last Listing description (June 2026)
Unlock the Future in North Melbournes Hottest Growth Corridor. Positioned in a dynamic urban renewal precinct, this charming 1930s clinker brick residence is far more than a 2-bedroom homeit is a strategic gateway to a multi-level future. With Mixed-Use Zoning (MUZ) and a location surrounded by transformative high-rise developments, this 267m landholding offers a rare blend of immediate rental returns and significant renovation or redevelopment upside.
Property Highlights:
Current Residence: Original 2-bedroom, 1-bathroom home with a central kitchen, lounge, and laundry.
Income Stream: Secure a strong rental return of $2,151 pcm while you plan your next move.
The Potential: MUZ zoning allows for residential extensions, luxury multi-storey apartments, or mixed-use spaces up to 8-10 levels (STCA).
The Location:
Nestled just moments from Royal Park, Royal Melbourne Hospital, and the CBD, you are at the heart of North Melbournes evolution. Join a neighbourhood defined by the newly completed Blue Hotham Apartments, North Lane Apartments and the Big Housing Build at 33 Alfred Streetprojects delivering hundreds of new homes and vibrant retail hubs by 2030.
Don't miss your chance to secure a stake in North Melbournes future. Whether youre looking to land-bank, renovate, or develop, this is a blue-chip opportunity that won't last.
Property History for 50 Alfred St, North Melbourne, VIC 3051
- 08 Apr 2026Sold for $908,000
- 10 Feb 2026Listed for Sale $995,000
- 29 Apr 2025Listed for Rent $495 / week
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 12,801 properties. Over the last 5 years, Houses in North Melbourne have seen a -13.53% decrease in median value, while Units have seen a -7.61% decrease. As at 31 May 2026:
- The median value for Houses in North Melbourne is $1,270,669 while the median value for Units is $494,948.
- Houses have a median rent of $750 while Units have a median rent of $600.
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