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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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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

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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 Hair — 1.3 km away
Leveson Street Park — 799 m away
Unnamed — 810 m away
Unnamed — 839 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

Future Development

Complete

North Melbourne is experiencing significant urban renewal activity, with the adjacent Arden precinct driving major mixed-use development momentum. Infill residential projects and apartment buildings are actively reshaping the suburb's housing supply, supported by council planning that encourages medium-density development and improved public realm connectivity. Strategic infrastructure improvements and creek-side activation initiatives are underway to enhance liveability and support sustained residential growth.

Nearby projects

Closest

0.3 km

Residential apartment building - Errol Street

Distance from this property is exact (rings = km). Direction is illustrative.

Residential apartment building - Errol Street

0.3 km

Apartment buildingApproved

Mid-rise residential development within North Melbourne's core residential precinct offering apartment and townhouse typologies.

2024-2025

300 m

Mixed-use development - Abbotsford Street

0.4 km

Mixed-useApproved

Adaptive reuse and new construction combining ground-floor retail/hospitality with residential apartments above.

2025

400 m

Residential infill development - Queensberry Street

0.5 km

Residential subdivisionUnder construction

Medium-density infill housing project converting underutilised sites into contemporary townhouses and apartments.

2024-2025

500 m

West Melbourne to North Melbourne connector infrastructure

0.8 km

InfrastructureProposed

Urban streetscape and public transport connectivity improvements linking precincts and supporting increased residential densities.

2025-2026

800 m

Arden precinct mixed-use redevelopment

1.2 km

Mixed-useUnder construction

Large-scale urban renewal combining residential, retail and office uses across former industrial land in Arden, adjacent to North Melbourne.

2025-2027

1.2 km

Moonee Ponds Creek urban renewal corridor

1.5 km

Mixed-useProposed

Strategic precinct planning for activation of creek frontage with public realm, residential and mixed-use development opportunities.

2026-2028

1.5 km

Source: StMate AI — VIC development trends06/05/2026

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.

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