351 Moray St, South Melbourne is a 3 bedroom, 1 bathroom House. The property has a land size of 171m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in May 2013.
Commanding a prominent corner position in the heart of vibrant South Melbourne, this well exposed, highly versatile property presents an exciting opportunity with exceptional potential. Ideal for investors, owner occupiers or business operators, it offers the flexibility to use as either a residential or commercial premises with the ability to renovate to your specific needs (STCA) while benefiting from strong visibility & consistent pedestrian traffic. This street fronted two-storey Victorian terrace with a charming faade & rich in period detail delivers a flexible floorplan. The ground floor features a generously proportioned front room with timber floors, high ceilings, ornate cornices & arched windows, it would make an ideal space for a shopfront, reception area, showroom or living room. This leads through to a second substantial room suitable as a conference room, office or dining room. Towards the rear, a large kitchen zone with room for a casual meals area offers excellent scope for contemporary enhancement & enjoys access to a privately enclosed courtyard. Additional ground floor features include a generous storage room/pantry & under stair storage. Upstairs, a split-level floorplan reveals three versatile rooms that could function as bedrooms, consulting rooms or offices, along with a powder room & the option to incorporate a full bathroom should residential use be desired (STCA). Other features include split system heating/cooling & rear parking for up to four cars. This exciting opportunityis situated close to all the iconic South Melbourne landmarks, popular local cafes, restaurants, transport as well as all major arterials.
The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.
South Melbourne has 12,887 properties. Over the last 5 years, Houses in South Melbourne have seen a 8.36% increase in median value, while Units have seen a 4.53% increase. As at 31 March 2026:
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