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505 High Street, Northcote$1.19m

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505 High Street

Northcote, VIC 3070, Australia

$1.15m – $1.22m

2 bed 1 bath 2 car

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Listing description

About this property

Two-bedroom residence with bonus retail income in prime Northcote Nestled in the heart of vibrant High Street, this unique Northcote property offers the perfect blend of lifestyle and investment. At the rear, a fully self-contained two-bedroom residence features separate access and off-street parking, ideal for owner-occupiers. At the front, a High Streetfacing shop is securely leased to a long-term tenant, providing a reliable income stream and flexible options for owners or investors. Enjoy unbeatable convenience with cafés, restaurants, public transport, and local amenities all at your doorstep. This rare property presents a versatile opportunity to secure a charming home with the added benefit of dual income in one of Melbourne's most sought-after inner-north locations. Key Features: Two-bedroom residence, separate access, off-street parking, leased retail shop, dual-income potential.

Property Details

Property Type: house
Listing Type: For Sale
Bedrooms: 2
Bathrooms: 1
Parking: 2
Listed: 2 months ago

Repayment calculator

$5,745/month

$2,872 /fortnight

Loan $948,000 at 6.10% over 30 years

Upfront costs

Deposit$237,000

Stamp duty$65,175

Conveyancing (est.)$2,000

Total upfront$304,175

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 Northcote

This 2-bedroom house in Northcote, VIC 3070 sits within reach of public transport, local shops and nearby schools. It is listed 8% above the $1.10m median of 50 comparable houseswithin 5 km.

Schools near Northcote

Northcote Primary Schoolprimary · Prep-6 · CoEd
Westgarth Primary Schoolprimary · Prep-6 · CoEd
Northcote High Schoolsecondary · 7-12 · CoEd
Santa Maria Collegesecondary · 7-12 · Girls
Croxton Schoolspecial · U · CoEd

What's nearby

High Street/Mitchell Street (bus) — 751 m away
Green Horse — 842 m away
All Nations Park — 619 m away
Batman Park — 656 m away
Unnamed — 786 m away

Northcote at a glance

Full suburb profile

Population: 25,276
Median age: 37
Household income: $2,287/wk
Median rent: $475/wk
Median mortgage: $2,400/mo

Source: ABS Census.

Due diligence

Property Report

Lifestyle & access

Schools

7 nearby schools

Catchment: Northcote Primary School

Public transport

10 stops within 1.5km

Nearest: Northcote Station/Arthurton Road (0.5km)

Traffic

Moderate congestion

High Street experiences significant congestion during morning (7-9am) and evening (5-7pm) peak hours, with northbound and southbound traffic both affected. Parking can be limited during business hours due to retail/commercial activity on High Street.

Noise

Moderate noise

Nearest: road (0.6km)

Risk & safety

Flood risk

Medium

Northcote is adjacent to the Yarra River and contains portions of the LSIO due to historical flood risk from the Yarra's main channel and overland flow paths. Properties in the floodplain-proximate areas face medium flood risk, particularly those at lower elevations near the river corridor. Planning controls typically require floor levels above the 1% AEP flood level for new habitable development.

Bushfire risk

Low

BAL: BAL-LOW

Crime profile

average

Trend: stable

Planning & context

Zoning

GRZ1 — General Residential Zone

Darebin Planning Scheme

Nearby development

5 projects nearby

Northcote is experiencing steady medium-density infill development typical of inner-north Melbourne suburbs within the Darebin LGA. Development activity focuses on mixed-use and residential projects along transport corridors (High Street), with supporting infrastructure investment in open space and active transport connectivity. Growth is constrained by heritage overlays and established character, resulting in gradual rather than rapid change.

Heritage

Heritage listed

Northcote is an inner-northern Melbourne suburb with substantial Victorian and Edwardian residential heritage, particularly along Separation Street and High Street. The suburb is subject to heritage overlay controls through Darebin City Council, protecting late 19th and early 20th-century building stock and streetscape character. Properties in heritage zones may face development restrictions and require council approval for alterations.

Sources: Australian Gov open data, OpenStreetMap + StMate AI

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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