12/1 Flagstaff Lane, West Melbourne, VIC 3003 sold on 10 June 2025 | OnTheHouse
 
SOLD
Sold on 10 Jun 2025 for $863,000

12/1 Flagstaff Lane
West Melbourne VIC 3003

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Property Details for 12/1 Flagstaff Lane, West Melbourne

12/1 Flagstaff Lane, West Melbourne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1957. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 3 bedroom Unit sold in West Melbourne in the last 12 months.

Building Type
Unit
Year Built
1957
Local Government
Melbourne
Lot/Plan
12/PS406335

Last Listing description (October 2024)

Inner-City Oasis of Space and Style

Well back from the street in the former Western Star Butter Factory, this amazing apartment combines industrial edge, contemporary flair and dream dimensions to deliver a sensational inner-city lifestyle.

Complete with its own private entrance, the homes vast interior showcases an extra-large master bedroom with walk-through robes to private ensuite, as well as two additional bedrooms and a stylish main bathroom with shower/tub combo. Spacious, versatile and filled with natural light, the open-plan living/dining area is further enhanced by a well-appointed kitchen complete with breakfast bar, dishwasher and ample storage. Other stand-outs include split-system heating/cooling, solid hardwood floors and large European laundry, plus a wide balcony and two off-street parking spaces.

A short stroll to Flagstaff Station, Latrobe Street trams (free tram zone) and Queen Victoria Market, its also close to Haileybury College (zoned to University HS), as well as easy access to hospital/uni precincts and Docklands.

NB: As this property may be located in an area where car parking is at a premium, please make your own enquiries with the municipal council to determine if a resident parking permit is required for on street car parking.

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Property History for 12/1 Flagstaff Lane, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$863,000
10 Jun 2025
  • 17 Sep 2024
    Listed for Rent $850 WEEKLY
  • 12 Jul 2024
    Listed for Sale $890,000
  • 10 May 2021
    Listed for Rent $600 per week
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About West Melbourne 3003

The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of total area. The population of West Melbourne in 2016 was 5515 people. By 2021 the population was 8025 showing a population growth of 45.5% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation.In 2021, 32.40% of the homes in West Melbourne were owner-occupied compared with 34.50% in 2016.

West Melbourne has 8,468 properties. Over the last 5 years, Houses in West Melbourne have seen a -3.06% decrease in median value, while Units have seen a 0.58% increase. As at 30 November 2025:

  • The median value for Houses in West Melbourne is $1,279,634 while the median value for Units is $516,591.
  • Houses have a median rent of $625 while Units have a median rent of $600.
There are currently 36 properties listed for sale, and 17 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 370 properties were sold in the past 12 months in West melbourne.

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© Copyright 2025. 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.

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