69-75 Racecourse RoadNorth Melbourne VIC 3051
Property Details for 69-75 Racecourse Rd, North Melbourne
Last Listing description (January 2023)
Rare Permit in High Amenity Location
Stonebridge Property Group is pleased to present for sale a permit approved development opportunity at 69-75 Racecourse Road, North Melbourne.
For Sale - $7,250,000.
Situated on a landholding 1,041 sqm* with dual street frontage, this Commercial 1 Zone development site is permit approved for a 12-level residential development. Designed by Bayley Ward Architects, this permit features 92 well-designed apartments, with an NSA of 5,746 sqm*.
This offering is in close proximity to outstanding public transport amenity with Flemington Bridge Train Station only 120m* away and a tram line along Racecourse Road. The property is also walking distance to Racecourse Road retail village, providing a wide range of cafes, restaurants and supermarkets, with Royal Park only 300m* away.
Major employment hubs close by including the Royal Children's Hospital (900m*), along with the University of Melbourne and the Royal Melbourne Hospital also only a short distance.
The property is located on the fringe of the Arden-Macaulay development precinct. First proposed in 2012, Arden-Macaulay is predicted by 2040 to accommodate job growth of 22,500 and residential growth of 20,500 people (source: Arden-Macaulay Structure Plan 20120).
Key highlights of the property include:
- Total land area of 1,041 sqm*
- Permit approved development opportunity
- Highly sought-after suburb
*Approximate
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Julian White
0422 764 137
Chao Zhang
0411 625 068
Property Code: 340
Property History for 69-75 Racecourse Rd, North Melbourne, VIC 3051
- 29 Oct 2021Listed for Sale Contact Agent
Recent sales nearby
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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 12,778 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.
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