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306/39 Racecourse Road, North Melbourne$415,000
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For Saleapartment

306/39 Racecourse Road

North Melbourne, VIC 3051, Australia
$400,000 – $430,000
2 bed 1 bath 1 car

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About this property

Positioned on the third floor of a contemporary complex, this stylish two-bedroom apartment delivers low-maintenance living with all the advantages of a vibrant inner-city lifestyle. Perfectly suited to first home buyers, professionals or investors, it combines modern finishes, functional design and an unbeatable North Melbourne location. Designed for effortless everyday living, the light-filled open-plan living and dining area flows seamlessly to a private balcony where you can unwind and enjoy elevated outlooks. The sleek stone kitchen is appointed with stainless steel appliances, a dishwasher and ample storage, creating a practical and inviting space for both cooking and entertaining. Two generous bedrooms are fitted with built-in robes, including one with an exceptional amount of storage, and are serviced by a stylish central bathroom. Split system heating and cooling ensures year-round comfort, while secure intercom entry, a dedicated car space and separate storage further enhance the home's appeal. Adding outstanding value and peace of mind, the vendors will pay all Owners Corporation fees associated with the building's cladding remediation, presenting a significant financial benefit for the successful purchaser. Enjoy the convenience of having everything at your doorstep, with Racecourse Road's cafés, restaurants and shopping, the iconic Queen Victoria Market, Royal Park, Royal Melbourne Hospital and the Melbourne University precinct all within easy reach. Excellent public transport connections and nearby schools further enhance the appeal of this outstanding lifestyle address.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Listed
1 week ago

Repayment calculator

$2,012/month
$1,006 /fortnight
Loan $332,000 at 6.10% over 30 years

Upfront costs

Deposit$83,000
Stamp duty$19,970
Conveyancing (est.)$2,000
Total upfront$104,970
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 2-bedroom apartment in North Melbourne, VIC 3051 sits within reach of public transport, local shops and nearby schools. It is listed 28% below the $575,000 median of 53 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 20: Melrose Street (tram)260 m away
  • Melrose Street Laundormat238 m away
  • Debneys Park452 m away
  • Unnamed572 m away
  • Unnamed695 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.

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Suburb market

Suburb price trend

North Melbourne price trend

Median sold · Unit 2 bed

Compound growth -1.7% / yr over 4 yrs

$616kcurrent median

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Price history

Listing price changes

1 price change recorded for this property

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