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16 Molesworth Street

North Melbourne, VIC 3051, Australia
$2.05m
6 bed 3 bath143m²

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Area Price Guide
$1.93m$2.17m

Indicative price guide range

🏘️
83
Comparable
📊
$648,000
Area median
⚖️
+216%
vs median
📐
$14,336
Per m²
📏
143 m²
Land
🗓️
2 months ago
Listed

Property Insights

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About this property

Offers invited! Discover a captivating blend of opportunity and character in this historic shop and residence, established in 1885. Located on a prominent corner in the vibrant heart of North Melbourne, this property offers incredible potential for your next business or living space. Ground Floor Delight: Enter the expansive ground floor, traditionally used as a retail space, which includes a convenient butler's kitchenette, a kitchen, and a bathroom. This level features three bedrooms in total, with a sunlit garden retreat at the back! The flexible layout includes a separate bedroom along with a versatile second room that can serve as an additional bedroom or office, ideal for adaptable living and working arrangements. Upper Level Sanctuary: Ascend through your own elegant entrance to reach the welcoming upper level, designed for comfortable living. Currently tenanted, this level features three spacious bedrooms, including a luxurious main suite with its own ensuite. The well-thought-out layout encompasses separate living and dining areas, perfect for relaxation and entertaining, enhanced by a charming balcony that provides breathtaking views of the city skyline. Limitless Potential: With three distinct entrances, the possibilities are endless! Both levels of the dwelling can be rented out separately, allowing you to choose to live downstairs while receiving rental income from the upper level. Whether you envision transforming it into a complete residence, living on the ground floor while renting out the upper level, or creating a dynamic mix of office, retail, and residential spaces, this property accommodates all your aspirations. Prime Location: Situated within the University High School zone and just moments from Errol Street's lively café scene, Royal Park, and the iconic Queen Victoria Market, you're only a short stroll from the CBD. This exceptional opportunity is one you won't want to overlook! Schedule your inspection today and explore the myriad possibilities that await at 16 Molesworth Street!

Property Features

    View full listing on Domain

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    Repayment calculator

    $9,938/month
    $4,969 /fortnight
    Loan $1,640,000 at 6.10% over 30 years

    Upfront costs

    Deposit$410,000
    Stamp duty$113,250
    Conveyancing (est.)$2,000
    Total upfront$525,250
    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
    house
    Listing Type
    For Sale
    Bedrooms
    6
    Bathrooms
    3
    Land Area
    143m²
    Listed
    2 months ago

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