GROUND FLOOR/450 William Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

GROUND FLOOR/450 William Street
West Melbourne VIC 3003

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 78m2
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Last updated 27 Apr 2026
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Property Details for Ground Floor/450 William St, West Melbourne

Ground Floor/450 William St, West Melbourne is a 2 bedroom, 1 bathroom House. The property has a land size of 78m2.

Building Type
House
Land Size
78m2
Local Government
Melbourne
Lot/Plan
3/LP34286

Last Listing description (May 2026)

Set in a tree-lined boulevard, on the edge of the CBD, this classic c1873 double storey terrace boasting a proud history has been recently revamped and fully renovated to maximise the space & versatile layout to meet the needs of modern day living requirements. The property cleverly blends genuine Victorian character with contemporary improvements to further enhance its appeal as a quality living and/or a combined working/living environment to optimise the prime location and Mixed Use zoning. Previously occupied as a working space, it now presents a unique opportunity to secure a fabulous low-maintenance home with scope to capitalise on the versatile layout with a home business, consulting room or variety of other possible uses (STCA).One of three terraces built by prominent 19th-century developer, David Howat, it welcomes with high ornate ceilings, hardwood floors and exposed brickwork that complement a functional yet free-flowing layout. At the front is a bright sitting area and large living zone, both with cast iron fireplaces, while at the rear is a sleek stone-topped kitchen with quality fixtures (oven, cooktop, dishwasher), a skylit dining area and modern bathroom. Step outside to a tranquil rear courtyard that provides pedestrian access via Zeplin Place.Upstairs accommodation includes a generous retreat also with a fireplace, and two light-filled double bedrooms with built-in robes. The lower level offers a home office/teenage retreat/guest bedroom with whitewashed blue-stone walls.In addition, it features a separate laundry, an extra w/c and heating/cooling. Within metres of the iconic Victoria Market and Flagstaff Gardens, this unique residence is placed just a short stroll to Errol Street cafes, Victoria Street restaurants, a host of tram lines, Melbourne University, the hospital precinct, Flagstaff Station and University High School (zoned).

Property History for Ground Floor/450 William St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
  • 08 Apr 2026
    Listed for Sale Private Sale $1,350,000
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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 -12.75% decrease in median value, while Units have seen a -3.57% decrease. As at 31 March 2026:

  • The median value for Houses in West Melbourne is $1,253,332 while the median value for Units is $518,305.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 41 properties listed for sale, and 10 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 404 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.