21-23 Stanley Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
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21-23 Stanley Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 164m2
Land area: 102m2
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Property Details for 21-23 Stanley St, West Melbourne

Building Type
Commercial
Floor Size
164m2
Land Size
102m2
Local Government
Melbourne
Lot/Plan
2/TP405627

Last Listing description (May 2025)

Expressions of Interest Closing 16 September 2021 @ 1 pm.

Small single-storey warehouse with residential development potential (STCA) brilliantly located in Stanley Street just to the south of King Street and walking distance to Melbourne CBD, Errol Street, Flagstaff Gardens and Docklands. The warehouse boasts a frontage of over 7 metres with rear loading from the wide laneway, small office and is clear span throughout. The total building area of 163 sqm (approx) and its Mixed Use Zoning provides for future residential subdivision and development (STCA) taking advantage of the generous 4 level height limit. The property is being offered with the benefit of a short term tenancy and would suit investors, owner occupiers or developers alike. This is an opportunity that rarely presents itself and should not be missed. Inspect by Appointment Only.

Property History for 21-23 Stanley St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$1,441,000
07 Mar 2024
Listed for Rent
$690/w
23 Aug 2022
  • 07 Mar 2024
    Sold for $1,441,000
  • 16 Feb 2022
    Listed for Rent $36,000 / year
  • 17 Sep 2021
    Sold for $1,501,000
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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 8,467 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 32 properties listed for sale, and 13 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 377 properties were sold in the past 12 months in West melbourne.

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