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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

Future Development

Complete

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.

Nearby projects

Closest

0.3 km

Local Retail Precinct Renewal

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

Local Retail Precinct Renewal

0.3 km

Mixed-useApproved

Shop-top housing and streetscape improvement in local shopping village addressing ground-floor activation.

300 m

High Street Mixed-Use Precinct

0.5 km

Mixed-useUnder construction

Multi-storey residential and retail development along High Street corridor supporting medium-density infill.

500 m

Apartment Building DA

0.8 km

Apartment buildingProposed

3-4 storey apartment development on infill site responding to Darebin Council's medium-density growth targets.

800 m

Northcote Residential Subdivision

1.2 km

Residential subdivisionApproved

Multi-lot residential subdivision targeting townhouse and small apartment development on inner-north sites.

1.2 km

Merri Creek Trail Enhancement

1.5 km

InfrastructureCompleted

Regional open space and active transport upgrade improving connectivity and amenity along Merri Creek corridor.

1.5 km

Source: StMate AI — VIC development trends07/06/2026

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.

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