198-206 Roden Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
OFF MARKET

198-206 Roden Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: -
Car spaces: -
Floor area: 565m2
Land area: 257m2
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Property Details for 198-206 Roden St, West Melbourne

Building Type
Commercial
Year Built
1960
Floor Size
565m2
Land Size
257m2
Local Government
Melbourne
Lot/Plan
1/TP712662

Last Listing description (September 2022)

Knight Frank is delighted to offer 198-206 Roden Street, West Melbourne for sale by Expression of Interest closing Thursday 17th March 2022 at 3pm.

198-206 Roden Street is prominently positioned, ideally zoned and extremely well connected via major arterials and direct access into the Melbourne CBD. This is a unique opportunity for developers, investors and/or future owner occupiers to secure what is fast becoming a rare city fringe opportunity.


Key Features:
- A boutique inner city parcel of land of 504 sqm*
- Flexible and highly desirable Special Use Zone (SUZ6)
- Side lane access allowing ease of accessibility and excellent natural light
- Fully refurbished which was recently completed by the current tenant.
- Current income of $92,000 + GST from well know Melbourne Developer Balmain & Co
- Ideal for a multi-level development (STCA)
- Positioned on a quiet tree lined residential street with potential for spectacular CBD views
- Within walking distance to North Melbourne train station and other means of public transport.
- Minutes from the Melbourne CBD, Flagstaff gardens and Queen Victoria Market
- Close to Melbourne University, RMIT University and Melbourne's medical precinct
- An exciting opportunity for owner occupiers, investors or developers
- On the fringe of the Macauley urban renewal precinct

For Sale by Expression of Interest closing Thursday 17th March 2022 at 3pm.

For further information or to arrange an inspection please contact one of the exclusive sale agents below.

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Property History for 198-206 Roden St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$3,450,000
01 Jun 2023
Listed for Rent
$1.63k/w
17 Feb 2022
  • 01 Jun 2023
    Sold for $3,450,000
  • 16 Feb 2022
    Listed for Sale Contact Agent
  • 17 Sep 2021
    Transferred
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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 8,464 properties. Over the last 5 years, Houses in West Melbourne have seen a -12.75% decrease in median value, while Units have seen a -3.57% decrease. As at 31 March 2026:

  • The median value for Houses in West Melbourne is $1,253,332 while the median value for Units is $518,305.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 38 properties listed for sale, and 10 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 403 properties were sold in the past 12 months in West melbourne.

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