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27/1 O'Connell Street, North Melbourne$185,000
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For Saleapartment

27/1 O'Connell Street

North Melbourne, VIC 3051, Australia
$185,000
1 bed 1 bath37 m²

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Listing description

About this property

To enquire, please email or call 1300 815 051 and enter code 6488 Secure tenant until June 2026 27/1 O'Connell St, North Melbourne Important Note: This is 'STUDENT ACCOMMODATION' only. You can purchase to live in providing you are a student. If you are purchasing as an investment then you can only rent the unit to students. Features: Corner apartment, light filled open plan kitchen- living area, central bathroom and good size bedroom. This apartment is on the top level, in the far corner, away from the other apartments, quiet, offering city views, and abundant daylight. 1 O'Çonnell Street is opposite the Victoria Market, and within the Free Tram Zone. To enquire, please email or call 1300 815 051 and enter code 6488

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Land Area
37 m²
Listed
3 months ago

Repayment calculator

$897/month
$448 /fortnight
Loan $148,000 at 6.10% over 30 years

Upfront costs

Deposit$37,000
Stamp duty$6,170
Conveyancing (est.)$2,000
Total upfront$45,170
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 North Melbourne

This 1-bedroom apartment in North Melbourne, VIC 3051 sits within reach of public transport, local shops and nearby schools. It is listed 57% below the $430,000 median of 73 comparable apartmentswithin 5 km.

Schools near North Melbourne

  • North Melbourne Primary Schoolprimary · Prep-6 · CoEd
  • St Michael's Primary Schoolprimary · Prep-6 · CoEd
  • Mount Alexander 7-12 College-River Nile Campussecondary
  • River Nile Schoolsecondary · 11-12 · Girls
  • SEDA College (Victoria) - The Huddle, North Melbourne Football Clubsecondary
  • St Aloysius Collegesecondary · 7-12 · CoEd

What's nearby

  • Stop 15: Arden Street (tram)1.2 km away
  • Zanes Hair1.3 km away
  • Leveson Street Park799 m away
  • Unnamed810 m away
  • Unnamed839 m away

North Melbourne at a glance

Full suburb profile
Population
14,953
Median age
31
Household income
$1,717/wk
Median rent
$381/wk
Median mortgage
$2,035/mo

Source: ABS Census.

Due diligence

Property Report

Crime & Safety

Complete

Total incidents

4,200

Estimated annual (2024-2025)

vs State average

Above average

Recent trend

Stable

Incidents by category

Theft1,050
Assault680
Break and enter420
Malicious damage350
Motor vehicle theft280

North Melbourne experiences crime rates moderately above the Victorian average, consistent with inner-city Melbourne patterns. Theft and assault represent the largest crime categories, reflecting typical urban dynamics. The suburb maintains relatively stable crime trends with no significant recent increases or decreases.

Source: StMate AI (based on BOCSAR data)07/06/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

North Melbourne price trend

Median sold · Unit 1 bed

Compound growth -4.8% / yr over 4 yrs

$370kcurrent median

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

Full North Melbourne market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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