580 Victoria Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
OFF MARKET

580 Victoria Street
North Melbourne VIC 3051

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 160m2
Land area: 367m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 13 Jul 2026
Low

High
Save

Property Details for 580 Victoria St, North Melbourne

580 Victoria St, North Melbourne is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 367m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Floor Size
160m2
Land Size
367m2
Local Government
Melbourne
Lot/Plan
1/TP598158

Last Listing description (March 2023)

Displaying extraordinary space and exceptional history at Victoria Street's highest and quietest point, this grand Victorian terrace delivers countless possibilities to indulge multi-generational living and home businesses. Originally occupied by a pharmacy alongside grand accommodation, today this beautiful building offers a harmonious blend of dazzling period features and impressive modernity, enhanced by tranquil alfresco enjoyment and breathtaking city views.

A versatile property with options:
1. Formerly known as 270-72 Victoria Street and was recognised as 'shop being built' and operated as a manufacturing Chemist. The front "ballroom" has also been used as a Scuba Diving shop. The Melbourne City Council provides work from home options Subject To Council Approval.

2. Above the double car garage is a self contained 1 bedroom living quarters with ensuite affectionately named 'The Stables'.
3. The house provides 4 bedrooms and 2 bathrooms of substantial proportions.

The enchanting, terraced faade opens into a majestic 'ballroom' spanning close to 100m2, where, enveloped by 12-foot ceilings and hardwood floors, this immense space inspires mindboggling possibilities for en-masse celebrations or home-based business. Beyond this versatile space, a resplendent lounge room nurtures cosy relaxation or refined get-togethers beside a quaint cast-iron fireplace, providing options for an additional bedroom, complemented by a guest bathroom.

Bathed in northerly sunshine, adjoining family and dining rooms indulge day-to-day living and indoor-outdoor entertaining, stretching through bi-folding doors onto a sundrenched deck for alfresco dining amid a pristine garden brimming with edible delights. The modern kitchen plays the perfect host, providing the home chef with a full appointment of appliances among nearly endless storage, providing drinks and snacks over a servery to guests on the outdoor deck.

Upstairs, a sitting area is a peaceful retreat for secluded relaxation, extending onto the balcony where a spectacular skyscraper skyline provides a glittery scenic backdrop by night. Each of three bedrooms offer the lavish proportions of its era, sharing a contemporary skylit bathroom.

The original stables have been converted to provide luxe accommodation for extended family or guests, including a living room with kitchenette, a bedroom with walk-in robe, and a modern bathroom. Below this, a double garage is accessed by a rear lane.

Wrapped in modern comforts, this astonishing property promotes an effervescent city-fringe lifestyle, situated footsteps from Errol Street's eateries and shopping, North Melbourne station and city-bound trams, the Queen Victoria Market, Flagstaff Gardens, and the unending entertainment of the CBD, while minutes from leading hospitals, and revered education including University High School.

Property History for 580 Victoria St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$2,515,000
25 Mar 2023
Listed for Rent
$310/w
16 Mar 1996
  • 25 Mar 2023
    Sold for $2,515,000
  • 22 Feb 2023
    Listed for Sale $2,300,000 - $2,500,000
  • 02 Mar 1996
    Listed for Rent - Price not available
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.