589 King Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

589 King Street
West Melbourne VIC 3003

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 210m2
Land area: 215m2
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Property Details for 589 King St, West Melbourne

Building Type
Commercial
Year Built
1880
Floor Size
210m2
Land Size
215m2
Local Government
Melbourne
Lot/Plan
1/LP29032

Last Listing description (July 2020)

A substantial two (2) level Victorian terrace of 215sqm* suitable for office or as a prestigious residence with rear lane access

Quality existing improvements boasting a highly flexible floor plan comprising of multiple rooms and high levels of natural light


Offering period features with ornate high ceilings, outdoor entertaining area with balcony and secure car parking

Unique West Melbourne location only metres from Errol Street retail precinct and in close proximity to the Errol Street tram network and a short walk to North Melbourne Train Station

Ideal opportunity for office owner occupiers, investors, value-add purchasers and residential buyers wanting to make their mark on a classic inner-city terrace

FOR SALE VIA PUBLIC ON-SITE AUCTION FRIDAY 8TH SEPTEMBER AT 12.30PM

OPEN EVERY THURSDAY 5-5.30PM & SATURDAY 11-11.30AM

For more information please contact the exclusive sales and marketing agents:

ALEX BRIERLEY
+61 447 974 447

MAX RUTTNER
+61 425 799 942

approx*

Property History for 589 King St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Transferred
22 Jul 2025
  • 22 Jul 2025
    Transferred
  • 08 Sep 2021
    Sold for $2,500,000
  • 21 Jul 2020
    Listed for Sale OPEN EVERY THURSDAY 5-5.30PM & SATURDAY 11-11.30AM
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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 8,464 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:

  • The median value for Houses in West Melbourne is $1,329,330 while the median value for Units is $512,615.
  • Houses have a median rent of $630 while Units have a median rent of $620.
There are currently 29 properties listed for sale, and 23 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 396 properties were sold in the past 12 months in West melbourne.

Suburb Insights for West Melbourne 3003

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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.