About this property
Also written as Unit 117, 159 Melrose Street.
North Melbourne VIC 3051, Australia
Also written as Unit 117, 159 Melrose Street.
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
The address is a unit that sits on a sizeable land parcel of 2,473 m²
North Melbourne lies about 3 km (roughly 1.9 mi) north‑west of the Melbourne CBD
The nearest railway stations are Flemington Bridge (≈0.4 km) and Macaulay (≈0.6 km). Several tram stops are also nearby, including Melrose St/Flemington Rd (≈0.2 km) and Boundary Rd/Racecourse Rd (≈0.3 km), serviced by routes 57, 58 and 59, plus local bus routes
Key nearby sites include Borsari’s Corner (≈0.1 km), the Ukrainian Catholic Cathedral (≈0.6 km), Brassey House (≈0.6 km) and the former Burge Bros Factory (≈0.6 km)
North Melbourne is known for its Victorian architecture, a cosmopolitan demographic and a mix of commercial and older industrial areas, giving the suburb a vibrant inner‑city feel
The suburb recorded a population of 14,953 in the 2021 census, with a median age of 28 years, which is younger than the national median
In February 2016, the median unit price was $487,500, reflecting a growth rate of about 5.7 % at that time
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