629 Queensberry Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
OFF MARKET

629 Queensberry Street
North Melbourne VIC 3051

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Property Details for 629 Queensberry St, North Melbourne

Building Type
Commercial
Local Government
Melbourne
Lot/Plan
2/PS546016

Last Listing description (April 2019)

2 Titles, 2 Properties, 1 Sale.

What an great opportunity to purchase an amazing property offering 2 titles, 2 seperate properties, 1 sale.
Downstairs: Renovated retail shop/office of 92 sqm (approx) Currently leased with a 3 year term including a second option of 3 years. The office has only recently been recarpeted and repainted and includes, retail shop front, open plan office area, split system heating and cooling, ample storage and kitchen bathroom with a shower facility. Located on popular Queensberry Street, with the city tram on your doorstep, walking distance to Errol Street and excellent access to City Link.
Upstairs: Seperate 2 bedroom apartment situated above a retail shop with seperate entrace via Queensberry Street. The separate entrance leads to a light and bright living room, first bedroom with built in robes, central tiled bathroom with separate shower recess, large kitchen with electric stove and hot plate, separate laundry, large second bedroom on top level with built in robes and study nook. Features floating timber floors, split system heating & cooling and plenty of storage.

Note: Currently leased compbined rent of $46,632.00 Per Annum
Please call the office on 03 928 2002 to inspect.

Property History for 629 Queensberry St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
  • 28 Mar 2019
    Sold for $1,051,100
  • 05 Mar 2019
    Listed for Sale ESP $1,000,000-$1,100,000
  • 05 Jul 2018
    Listed for Rent $22,000 PA + GST
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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 12,816 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 35 properties listed for sale, and 36 properties listed for rent in North melbourne on OnTheHouse. According to Cotality's data, 569 properties were sold in the past 12 months in North melbourne.

Suburb Insights for North Melbourne 3051

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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.