555 King St, West Melbourne is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 143m2. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 3 bedroom House sold in West Melbourne in the last 12 months.
Constructed circa 1875, this substantial double story Victorian balcony terrace house is ideally located walking distance to Errol Street shops, North Melbourne Railway Station, Victoria Street Trams, Queen Victoria Market, Aldi Supermarket and Flagstaff Gardens. Offering a flexible floor plan comprising 3 bedrooms, huge first floor living room with access to the front balcony offering views over North Melbourne, bathrooms on both the ground and first floors, rear kitchen/meals area and small rear courtyard, perfect for entertaining on warm summer evenings. The house has been freshly painted and is ready to move into but offers the astute purchaser scope to enhance and remodel around the adaptable layout. Maintaining many of its Victorian features, including high ceilings, decorative fireplaces, cornices & ceiling roses, stained glass windows, iron lacework and polished timber floors. Featuring split system cooling and hydronic heating in most rooms, the home is completed with valuable off-street parking for 2 cars and is within the catchment zone of University High School.
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 8,466 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:
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