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172 Stanley Street, West Melbourne$950,000
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172 Stanley Street

West Melbourne, VIC 3003, Australia
$950,000
1 bed 1 bath

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About this property

A first-class office, creative space, or potential residence, this fully fitted former warehouse represents one of the most exciting design opportunities West Melbourne has seen for some time. Operating as a long-time base for a flourishing business, the storied premises retain exposed trusses, soaring ceilings, and a façade aligning with the area's industrial heritage, all while fully modernised to capably serve any vision. Spanning two levels and equipped with various comforts in heating and cooling, meeting and office areas, kitchen/meals, and restroom facilities, any number of small-business pursuits are well-catered for, enabling lucrative yields in a competitive city-fringe rental market. With extensive local precedent, stirring scope exists to completely reimagine, craft a luxury residence with a garage and roof deck, and enjoy everything that sees the local lifestyle so adored. Existing plans detail one of countless options a redesign could yield, while from both a residential and commercial perspective, position is simply second to none. Although moments from every city allure, West Melbourne weaves calm into the bustle, footsteps to Flagstaff Gardens, trains and trams, Queen Victoria Market, iconic Errol Street, and picturesque Docklands while close to CityLink for streamlined commuting. * All potential uses of the land and/or property is subject to Council approval.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Listed
3 months ago

Repayment calculator

$4,606/month
$2,303 /fortnight
Loan $760,000 at 6.10% over 30 years

Upfront costs

Deposit$190,000
Stamp duty$52,070
Conveyancing (est.)$2,000
Total upfront$244,070
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.

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Neighbourhood

Living in West Melbourne

This 1-bedroom house in West Melbourne, VIC 3003 sits within reach of public transport, local shops and nearby schools. It is listed 57% above the $603,750 median of 70 comparable houseswithin 5 km.

Schools near West Melbourne

  • Haileybury College - City Boyscombined
  • Haileybury College - City Girlscombined
  • Simonds Catholic Collegesecondary · 7-12 · Boys

What's nearby

  • Stanley Street/Spencer Street (bus)157 m away
  • Harley Davison244 m away
  • Wominjeka Park166 m away
  • Hawke and Adderley Street Park197 m away
  • Unnamed304 m away

West Melbourne at a glance

Full suburb profile
Population
8,025
Median age
31
Household income
$1,788/wk
Median rent
$388/wk
Median mortgage
$2,106/mo

Source: ABS Census.

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Suburb market

Suburb price trend

West Melbourne price trend

Median sold · House 3 bed

Compound growth +5.4% / yr over 4 yrs

$1.55mcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full West Melbourne market

Within 5km

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