42/1 Flagstaff LaneWest Melbourne VIC 3003
Property Details for 42/1 Flagstaff Lane, West Melbourne
42/1 Flagstaff Lane, West Melbourne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1957. The property has a land size of 1711m2 and floor size of 185m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (June 2023)
From its remarkable warehouse origins, in the former Western Star Butter Factory, to unrivalled views of the Flagstaff Gardens and the CBD, this unique dual-level three bedroom, two bathroom penthouse epitomises premium inner city living. Superb finishes and sublime touches include private lift access, masses of custom-built storage and bespoke, custom-designed bench which cleverly defines as well as unites vast living and dining domains.
Complemented by private alfresco balcony and gourmet kitchen showcasing Miele appliances. Large master bedroom features indulgent ensuite, huge warehouse doors and extensive built-in storage. With deluxe bathroom, two further bedrooms/BIRS, powder room, under stair wine cellar, polished floorboards, ducted heating/cooling, secure undercover parking/storage cage.
Incredibly close to Flagstaff Gardens, Queen Victoria Market, cafs, transport, university, hospital and law precincts, the CBD and University High (zoned).
Alexkarbon Real Estate
241 Union Road, Ascot Vale
122 Errol Street, North Melbourne
Property History for 42/1 Flagstaff Lane, West Melbourne, VIC 3003
- 24 May 2023Sold for $1,775,000
- 22 Aug 2022Listed for Sale $1,450,000 - $1,595,000
- 20 Nov 2007Sold for $826,000
Recent sales nearby
See more recent sales nearby/assets/perm/6w5yzhhwsii6zito6462zvdbuy?signature=6b17bbf3e1bb3aa32d3a3b64ad92839655d68e43de5679c53b45244e4ca5f64c){kind=logo}
0/assets/perm/ncjvcenmiqi6vdafrwnpyqqdp4?signature=3a7e813379fd459ee57ecabac3fe2e856d64bc184ac0bb5626d9b8a45ec4dd5d){kind=logo}
0
/assets/perm/eudxtyxl4ai6vhyarhys73x4uu?signature=1a6ce4cf0f3c796303655e1fdbde3b7e067dd8ec49065564447b43798e026805){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
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 8,462 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.
Suburb Insights for West Melbourne 3003
Market Insights
West Melbourne Trends for Houses
N/A
N/A
View TrendN/A
N/A
West Melbourne Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. 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.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
