51/1 Flagstaff Lane, West Melbourne, VIC 3003 sold on 31 October 2025 | OnTheHouse
 
SOLD
Sold on 31 Oct 2025 for $1,285,000

51/1 Flagstaff Lane
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
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Property Details for 51/1 Flagstaff Lane, West Melbourne

51/1 Flagstaff Lane, West Melbourne is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1957. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 2 bedroom Unit sold in West Melbourne in the last 12 months.

Building Type
Unit
Year Built
1957
Local Government
Melbourne
Lot/Plan
51/PS406335

Last Listing description (January 2023)

The Star Penthouse

The one and only Penthouse sitting proudly atop the once thriving industrial Western Star Butter factory site, now transformed into high quality warehouse style city residences.
The Penthouse is the only apartment occupying the uppermost floor and 51 @ 1 Flagstaff Lane does exactly that.
A lift takes you to your private entrance and through to this unique and extremely generous apartment. Apart from the brilliant views of Melbourne and beyond, the first standout features are the soaring 4.5m curved ceilings and tall glass windows. Extremely rare in the apartment world. A flexible floor plan offers a number of alternative living scenarios, one being three excellent bedrooms (two with ensuites), or two bedrooms and a home office, coupled with an expansive open living area, separate kitchen with meals area, all leading out to oodles of decking.

Features include two security car spaces, a large storage cage, air conditioning, huge outdoor entertaining area and views that have to be seen to be appreciated.
For Private and Immediate Sale.

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Property History for 51/1 Flagstaff Lane, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$1,285,000
31 Oct 2025
  • 05 Jan 2023
    Sold for $1,250,000
  • 09 Nov 2022
    Listed for Sale $1,295,000.00
  • 05 Nov 2014
    Listed for Sale 1300000
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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 8,461 properties. Over the last 5 years, Houses in West Melbourne have seen a -16.97% decrease in median value, while Units have seen a -5.77% decrease. As at 30 April 2026:

  • The median value for Houses in West Melbourne is $1,214,458 while the median value for Units is $519,281.
  • Houses have a median rent of $738 while Units have a median rent of $625.
There are currently 42 properties listed for sale, and 19 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 393 properties were sold in the past 12 months in West melbourne.

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