511/8 Vale Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
OFF MARKET

511/8 Vale Street
North Melbourne VIC 3051

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 31m2
Land area: 622m2
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Last updated 11 May 2026
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Property Details for 511/8 Vale St, North Melbourne

511/8 Vale St, North Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 622m2 and floor size of 31m2. While the property is not currently for sale or for rent, it was last sold in March 2005.

Building Type
Unit
Year Built
2006
Floor Size
31m2
Land Size
622m2
Local Government
Melbourne
Lot/Plan
421/PS515095

Last Listing description (February 2026)

Premier location within one of Melbourne's most diverse precincts, this stunning 2-bed apt provides with conveniences to all points of compass. Situated close to Melbourne University and Royal Melbourne Hospital. Two bedrooms with single bed & desk & chair, electric cooktop. The building has communal laundry.

- 5-min walk to Melbourne University
- 5-min walk to IGA, 7-11 store, restaurants and cafes

- 10-min walk to Well-known Asian Grocery Store, Queen Victoria Market or 5-min direct tram
- 10-min walk to Melbourne Zoo, Royal Garden
- Door-step tram to CBD, South Yarra

Dont miss this rare opportunity to stay at an immaculate, well-positioned and affordable apartment !
**The apartment is furnished as per photos except cooktop which was recently replaced with an electric one, no washing machine is included.**

Property History for 511/8 Vale St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$250,000
06 Mar 2005
Listed for Rent
$480/w
29 Jul 2025
  • 04 Feb 2026
    Listed for Rent $480 / week
  • 16 Jun 2025
    Listed for Rent $480 / week
  • 28 Jan 2022
    Listed for Rent $480 / week
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About North Melbourne 3051

The size of North Melbourne is approximately 2.4 square kilometres. It has 12 parks covering nearly 4.7% of 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 12,766 properties. Over the last 5 years, Houses in North Melbourne have seen a -8.72% decrease in median value, while Units have seen a -4.55% decrease. As at 30 April 2026:

  • The median value for Houses in North Melbourne is $1,304,139 while the median value for Units is $515,667.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 39 properties listed for sale, and 28 properties listed for rent in North melbourne on OnTheHouse. According to Cotality's data, 558 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.