Home/Properties/Melbourne/2121/199 William Street

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2121/199 William Street

Melbourne, VIC 3000, Australia

$550,000

2 bed 1 bath 1 car

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Area Price Guide

$517,000 – $583,000

Indicative price guide range

🏘️

Comparable

📊

$460,000

Area median

⚖️

+20%

vs median

🗓️

1 month ago

Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Multi-dimensional analysis · last updated 06/05/2026

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Schools

7 nearby schools

Catchment: Carlton Primary School

Zoning

GRZ1 — General Residential Zone

Melbourne Planning Scheme

Public transport

10 stops within 1.5km

Nearest: Collins Street/Queen Street (0.4km)

Traffic

Moderate congestion

Significant congestion during weekday peak hours (7-9am and 5-7pm) with reduced traffic flow on surrounding streets. Evening peaks tend to be heavier than morning peaks. Weekend traffic is generally light.

Flood risk

Medium

Melbourne properties, particularly those adjacent to the Yarra River, Maribyrnong River, Dandenong Creek and inner-city tributaries, fall within the Land Subject to Inundation Overlay (LSIO). Historical flooding (1891, 1929, 2011) demonstrates exposure in lower-lying areas. Suburbs near the Yarra and major creek systems face medium-to-high risk and require detailed flood impact assessment for development.

Bushfire risk

Low

BAL: BAL-LOW

Crime profile

above average

Trend: stable

Nearby development

6 projects nearby

Melbourne's inner-western corridor is experiencing significant development activity driven by the Metro Tunnel project, major urban renewal at Fishermens Bend, and widespread medium-density residential approvals across suburbs like Footscray and Maribyrnong. Transit-oriented development and housing intensification are reshaping the area, supported by infrastructure upgrades and precinct planning initiatives that will substantially increase population and commercial activity through 2027-2030.

Heritage

Heritage listed

Central Melbourne contains extensive Victorian and Edwardian heritage, with the CBD and surrounding inner suburbs subject to multiple heritage overlays and conservation areas. The Victorian Heritage Register lists numerous significant buildings, and local character preservation overlays apply across historic precincts. Development is substantially constrained by heritage protection mechanisms and mandatory permit requirements.

Sources: Australian Gov open data + StMate AI

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