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Apartment

5/42 Nicholson Street

Abbotsford VIC 3067, Australia

2 Bedrooms
1 Bathrooms
1 Parking
788 m² Land size
62 m² Internal area
$455,000 Last sale (2025)

About this property

yardizepropertyrecord

Unit 5 at 42‑44 Nicholson Street is a two‑bedroom, one‑bathroom apartment in a low‑rise boutique complex of twelve residences built in the mid‑1970s. The flat measures roughly 62‑68 m², includes a single car space and offers a range of interior upgrades such as new carpet, built‑in robes and a gas‑cooking kitchen.

It was sold for $455,000 in March 2025 and a current Estimated weekly rent of $535 per week suggests a gross yield above 6 percent. The development benefits from a secure, off‑street parking arrangement and a dedicated entrance to the building. The location in inner‑city Abbotsford provides easy access to tram and train services, nearby schools and a variety of local amenities

Also written as Unit 5, 42 Nicholson Street.

Key details

Locality
Abbotsford
State
VIC
Coordinates
37.80835508 / 144.99646138
GNAF PID
GAVIC410723541
Legal parcel ID
5\RP7375
Property type
Apartment
Unit land size
788 m²
Unit internal area
62 m²
Built
1970
Total units in building/complex
12 units
Internet
FTTC NBN (up to 100 Mbps down / 40 Mbps up)
Mobile coverage
5G
Bushfire risk
None detected
Flood risk
None detected
Land Use Category
Residential

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent
$604
Expected property value
$496,750
Estimated yield
6.32%
Confidence
High

Based on the comparable property evidence currently available.

Sales history

EventDatePricePrice per m²
Sale
4 Mar 2025
Private treaty
$455,000
Sale
21 Mar 2020
Auction
$420,000
Sale
8 Dec 1990
Private treaty
$80,000

Property insights

Property Features

  • New carpet throughout the unit Burneproperty.com.au
  • Gas kitchen with cooking facilities
  • Central bathroom with internal laundry provision
  • Off‑street parking for one car
  • Secure entrance to the boutique complex of 12 residences
  • New carpet throughout
  • Gas kitchen
  • Secure entrance to boutique complex of 12 residences
  • Estimated weekly rent $535 per week (~6% gross yield)
  • Car spaces: 1

Recorded sales and leasing agents

  • The most recent sale on 4 Mar 2025 was facilitated by Belle Property – Richmond Burneproperty.com.au
  • The listing agent for earlier transactions was Simon Derham of Burne Property – Richmond
Recorded sale agency (2025 sale)
Belle Property – Richmond recorded for the 2025 sale
Recorded listing contacts
Simon Derham 0411 479 994

Ownership mix

Approximate occupancy mix for the surrounding area
Owner-occupied
25%
Renter-occupied
75%

Area insights

The surrounding precinct places public transport and civic services within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic

Real Estate Agencies

Ordered by:
Jellis Craig - Fitzroy
1.8 km
Jellis Craig - Northcote
4.5 km
Jellis Craig - Kensington
6.1 km
Jellis Craig - Stonnington
6.1 km
Jellis Craig - Richmond
1.1 km
Buxton - Port Melbourne
5.4 km
Kay & Burton - Stonnington
3.8 km
BigginScott - Richmond
1.6 km
Belle Property Armadale - ARMADALE
6.1 km
Belle Property - Carlton | Melbourne | North Melbourne
2.6 km
Fletchers Projects Rental - Melbourne
9.0 km
Little Real Estate - HAWTHORN
5.8 km
Buxton - Stonnington
5.2 km
Areal Property Hawthorn
5.1 km
McGrath - Blackburn
13.8 km
BigginScott - Stonnington
5.3 km
Ironfish Real Estate Melbourne - MELBOURNE
3.0 km
Belle Property - Doncaster East
14.5 km
LJ Hooker - City Residential Melbourne
3.4 km
* Approximate straight-line distances

Nearby schools

Type:
Ordered by:
Sophia Mundi Steiner School
0.9 km
Combined school | Independent
Andale School
0.2 km
Special school | Independent
St Joseph's School
1.3 km
Primary school | Catholic
Collingwood College
1.3 km
Combined school | Government
Abbotsford Primary School
0.3 km
Primary school | Government
Clifton Hill Primary School
1.9 km
Primary school | Government
Collingwood English Language School
1.1 km
Special school | Government
St John's School
2.1 km
Primary school | Catholic
Fitzroy Primary School
1.7 km
Primary school | Government
Richmond West Primary School
0.6 km
Primary school | Government
Lynall Hall Community School
1.1 km
Secondary school | Government
Fitzroy High School
2.7 km
Secondary school | Government
Richmond High School - Griffiths Campus
1.2 km
Secondary school | Government
Academy of Mary Immaculate
2.0 km
Secondary school | Independent
Holmes Secondary School
2.1 km
Secondary school | Independent
Stott's College
2.7 km
Secondary school | Independent
Little Sophia Kindergarten
0.8 km
University of Melbourne Early Learning Centre
0.9 km
Gold Street Children's Centre - Keele Street
1.2 km
Yallabirrang Kindergarten
0.8 km
* Approximate straight-line distances

Frequently asked questions

How many bathrooms are included?

The apartment has one bathroom

Burneproperty.com.au
What parking is available for residents?

Off‑street parking for one car is provided

Burneproperty.com.au
How many bedrooms does Unit 5 have?

Unit 5 contains two bedrooms

Burneproperty.com.au
Which primary school is closest to the property?

Abbotsford Primary School is the nearest government primary school, located about 0.22 km away

What public transport options are nearby?

The Lennox St/Victoria St tram stop (routes 109/12) is within 0.2 km, and North Richmond railway station is about 0.3 km away

What kind of property is this?

5/42 Nicholson Street is listed as Apartment in Abbotsford, VIC

Built‑in robes in master bedroom Burne Property – listing
How many bedrooms, bathrooms, parking spaces, or other key details are listed?

5/42 Nicholson Street is described with 2 bedrooms, 1 bathroom, 1 parking space, land size of 788 m², internal area of 62 m², built around 1970

Built‑in robes in master bedroom Burne Property – listing
What asking price or listing price is shown?

5/42 Nicholson Street includes price $455,000 (sold 4 Mar 2025)

Built‑in robes in master bedroom Burne Property – listing

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