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1/2-6 Norris Street

Coburg North, VIC 3058, Australia
$679,000
2 bed 1 bath 2 car

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Area Price Guide
$638,260$719,740

Indicative price guide range

🏘️
65
Comparable
📊
$695,000
Area median
⚖️
-2%
vs median
🗓️
2 months ago
Listed

Approximate location shown. Contact agent for exact address.

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Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Set within a striking, architecturally designed development in one of Melbourne's most vibrant inner-north pockets, this bold three-level property delivers industrial character, modern style and exceptional flexibility. Originally conceived and constructed as an office/warehouse development and later rezoned by the council to residential, the property presents a rare opportunity for buyers seeking a highly versatile space with future potential (STCA). With its strong architectural lines, polished timber floors, industrial glazing and clean, minimalist finishes, this is a space that feels creative, urban and unapologetically cool offering a flexible environment that can be adapted to suit a range of uses. WHY THIS OPPORTUNITY IS UNIQUE Warehouse-inspired architecture with scale, volume and presence Oversized ground-level garage/storage/workspace Clear separation between levels for flexible use High-quality modern construction with stylish internal finishes A versatile layout suited to live/work, studio or commercial-style occupation Residential zoning providing longer-term flexibility (STCA) INVESTMENT / INCOME Currently leased at $41,712 per annum, with the lease expiring 30 June 2026. CONFIGURATION Comprising: Open-plan living-style zones with excellent natural light Sleek, modern kitchen with minimalist finishes Polished timber flooring and contemporary lighting Private outdoor courtyard Secure, gated development Split-system heating and cooling IDEAL FOR Tradies seeking secure storage and workspace Creatives, designers or consultants Small business owners combining work and lifestyle Buyers attracted to warehouse-style environments Investors seeking a flexible, income-producing asset LOCATION Positioned in Coburg North, an area known for its culture, connectivity and ongoing transformation: Easy access to Sydney Road cafés, bars and retail Walking distance to Merlynston Station Direct connectivity to the Ring Road and CBD A precinct continuing to evolve and attract strong demand IMPORTANT BUYER INFORMATION This property was constructed and is currently classified under the Building Code of Australia as a Class 7b (warehouse) and Class 5 (office) building. The land has since been rezoned to residential, which may present future potential for alternative use, subject to all relevant planning, building and regulatory approvals. Prospective purchasers should note that the property has not been assessed or certified for compliance with residential building standards, and any change of use may require further approvals, works and investigations. Buyers are strongly encouraged to undertake their own independent due diligence, including enquiries with Council, building consultants and relevant advisers, to satisfy themselves as to suitability for their intended use.

Property Features

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    Repayment calculator

    $3,292/month
    $1,646 /fortnight
    Loan $543,200 at 6.10% over 30 years

    Upfront costs

    Deposit$135,800
    Stamp duty$35,810
    Conveyancing (est.)$2,000
    Total upfront$173,610
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    townhouse
    Listing Type
    For Sale
    Bedrooms
    2
    Bathrooms
    1
    Parking
    2
    Listed
    2 months ago

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