242 Stanley St, West Melbourne is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 2003. The property has a land size of 62m2 and floor size of 144m2. While the property is not currently for sale or for rent, it was last sold in February 2015.
Designed with masterful flair by renowned architect Nicholas Murray to showcase dramatic industrial origins and massive vaulted ceilings, enjoy breathtaking city views from a choice of three terraces mere minutes to the city. Clever use of original metal and wood beams throughout create unique focal points that dovetail effortlessly with ultra-modern living spaces bathed in light to create an unparalleled abode. An oversized master haven offers a glorious walk through robe and a sparkling ensuite with luxuriating soaking tub, with a flexible floor plan offering a third bedroom or studio/home office option. Boasting exquisite spotted gum floorboards, the brilliant open plan living, dining and sleek kitchen offers dual terraces for effortless entertaining up to a rooftop terrace, the perfect place to watch the fireworks as the city celebrates. A remote controlled garage offers secure internal access, with ducted vacuum and heating and cooling throughout. Stroll to your choice of city eateries and trendy cafes. Securely leased until September 2015 for $850 per week approx.
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 -1.80% decrease in median value, while Units have seen a -0.25% decrease. As at 31 January 2026:
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