GROUND FLOOR/16 Molesworth Street, North Melbourne, VIC 3051 | Property Value & History | OnTheHouse
 
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GROUND FLOOR/16 Molesworth Street
North Melbourne VIC 3051

Bedrooms: 6
Bathrooms: 3
Car spaces: 1
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Last updated 31 Aug 2026
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Property Details for Ground Floor/16 Molesworth St, North Melbourne

Ground Floor/16 Molesworth St, North Melbourne is a 6 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 2003. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
Unit
Year Built
2003
Local Government
Melbourne
Lot/Plan
1/PS543875

Last Listing description (July 2025)

Historic Corner Gem, $90k+ Return

Offers invited!

Discover a captivating blend of opportunity and character in this historic shop and residence, established in 1885. Located on a prominent corner in the vibrant heart of North Melbourne, this property offers incredible potential for your next business or living space.

Ground Floor Delight: Enter the expansive ground floor, traditionally used as a retail space, which includes a convenient butler's kitchenette, a kitchen, and a bathroom. This level features three bedrooms in total, with a sunlit garden retreat at the back! The flexible layout includes a separate bedroom along with a versatile second room that can serve as an additional bedroom or office, ideal for adaptable living and working arrangements.

Upper Level Sanctuary: Ascend through your own elegant entrance to reach the welcoming upper level, designed for comfortable living. Currently tenanted, this level features three spacious bedrooms, including a luxurious main suite with its own ensuite. The well-thought-out layout encompasses separate living and dining areas, perfect for relaxation and entertaining, enhanced by a charming balcony that provides breathtaking views of the city skyline.

Limitless Potential: With three distinct entrances, the possibilities are endless! Both levels of the dwelling can be rented out separately, allowing you to choose to live downstairs while receiving rental income from the upper level. Whether you envision transforming it into a complete residence, living on the ground floor while renting out the upper level, or creating a dynamic mix of office, retail, and residential spaces, this property accommodates all your aspirations.

Prime Location: Situated within the University High School zone and just moments from Errol Street's lively caf scene, Royal Park, and the iconic Queen Victoria Market, you're only a short stroll from the CBD.

This exceptional opportunity is one you won't want to overlook! Schedule your inspection today and explore the myriad possibilities that await at 16 Molesworth Street!

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Property History for Ground Floor/16 Molesworth St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$1,800,000
11 Aug 2022
  • 14 Nov 2024
    Listed for Sale $2,100,000
  • 20 Jun 2023
    Listed for Rent $650.00 Per Week
  • 15 Feb 2023
    Listed for Rent $750.00 Per Week
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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 12,848 properties. Over the last 5 years, Houses in North Melbourne have seen a -14.47% decrease in median value, while Units have seen a -2.46% decrease. As at 31 July 2026:

  • The median value for Houses in North Melbourne is $1,238,107 while the median value for Units is $502,125.
  • Houses have a median rent of $760 while Units have a median rent of $610.
There are currently 45 properties listed for sale, and 38 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.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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