34/1 Flagstaff Lane, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

34/1 Flagstaff Lane
West Melbourne VIC 3003

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 192m2
Land area: 1711m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 23 Mar 2026
Low

High
Save

Property Details for 34/1 Flagstaff Lane, West Melbourne

34/1 Flagstaff Lane, West Melbourne is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1940. The property has a land size of 1711m2 and floor size of 192m2. While the property is not currently for sale or for rent, it was last sold in December 2018.

Building Type
Unit
Year Built
1940
Floor Size
192m2
Land Size
1711m2
Local Government
Melbourne
Lot/Plan
34/PS406335

Last Listing description (March 2025)

This impeccably finished, distinctively detailed and wonderfully wide-reaching, this rare offering of unique heritage value on the very edge of the city truly stands out from the crowd.

You couldn?t wish for a more convenient address. Stroll to the CBD, Haileybury College, Flagstaff Gardens, Queen Victoria Market, North Melbourne cafes, and Southern Cross & Flagstaff trains, in walking distance to the Docklands District best restaurants, Shopping Centre and Marvel stadium.

Spectacularly unfolding over 4 lavish levels in the stylishly converted Western Star Butter Factory, this stunning 3 bedroom (plus study/4th bedroom), 2-bathrooms house boasts a beautifully balanced combination of radiant indoor and outdoor spaces and fireplace.

Always free flowing, a spiral staircase leading to a mezzanine level, staging a study with integrated desks or a 4th bedroom option with loft sleeping space. Take one flight further and enjoy a substantial rooftop retreat with a newly stained timber deck, offering spectacular 360-degree views over the city, touching on the greenery of Flagstaff Gardens and the boldness of the Bolte Bridge. Simply stunning day or night, this privileged perch will be used all year round. Or just great place to enjoy the flagstaff gardens New Year?s fireworks.

In a property purpose-built for memorable entertaining, indulge yourself in an impressive over 200 sqm (approx.). Discover a very real sense of depth in a sweeping, open plan living and dining area with original hardwood flooring underfoot. Placed opposite a cosy retreat or additional study area, a smartly curved, equipped kitchen comes complete with a breakfast bar.

Head downstairs to three bedrooms, the king-sized master with a striking ensuite, showcasing a fully tiled shower, mirrored walk-in robes, and built-in drawers. The other robed pair of bedrooms are serviced by a family-sized bathroom with a spa bath, walk-in shower, and a separate concealed laundry.? ?

Apartment features:
- Motorized blinds and the lights in the lounge area and able to be connected and controlled via smart devices (phone, google home, Alexa etc).
- Easy to maintain rooftop deck upgraded with new faux-stained-timber that is both heat-resistant in the sun, and also needs MUCH less maintenance and cleaning than real timber.
- Bar-style radiant heater on the roof-top deck with remote controller
- Polished flooring & tiles in busy areas and carpet in the bedrooms
- Open fireplace
- Split-system heating/cooling in living and dining area

Building features:
- Intercom entry
- Secure undercover parking for one vehicle
- Additional on-street parking permit if required (area 6 signage) are available for this property through Melbourne City Council (this is a rare benefit for this inner-city area, as new developments have not been offered on-street permits).
- Second bedroom with own private access

Inspections are a must

Property History for 34/1 Flagstaff Lane, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$1,035,000
12 Dec 2018
Listed for Rent
$953/w
09 Jan 2023
  • 07 Feb 2024
    Listed for Rent $1,100 / week
  • 02 Nov 2022
    Listed for Rent $1,000 / week
  • 05 Feb 2019
    Listed for Rent - Price not available
Sign in to see more transactions
Commute Calculator

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 -2.67% decrease in median value, while Units have seen a -2.66% decrease. As at 28 February 2026:

  • The median value for Houses in West Melbourne is $1,329,375 while the median value for Units is $513,214.
  • Houses have a median rent of $640 while Units have a median rent of $620.
There are currently 35 properties listed for sale, and 10 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 400 properties were sold in the past 12 months in West melbourne.

Suburb Insights for West Melbourne 3003

Market Insights
West Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
West Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.