About this property
Also written as Unit 314, 29 Oconnell Street.
North Melbourne VIC 3051, Australia
Also written as Unit 314, 29 Oconnell 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.
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sale | 3 Mar 2015 | $552,000 | — |
| Sale | 23 Feb 2011 | $540,000 | — |
The property includes approximately 811 m² of land, providing a sizable footprint for a variety of commercial layouts. This area can accommodate retail, office or light‑industrial configurations
Multiple tram stops are situated within about 0.2 km, including Victoria St/Peel St and Queensberry St/Peel St, and Flemington Bridge railway station on the Upfield line lies within the suburb. Numerous bus routes also serve the area, ensuring strong public‑transport accessibility
The site is adjacent to key arterial roads such as Flemington Road, Elizabeth Street and Victoria Street, offering convenient vehicular access for deliveries and customer traffic
Within a 0.2‑km radius you’ll find the bustling Queen Victoria Market, a city‑edge apartment hotel, a hostel, and several tram stops, all generating foot traffic and complementary services for businesses
North Melbourne is recognised for its commercial and older industrial precincts, indicating that the land is situated within an area suitable for business, retail or light‑industrial activities
The suburb hosts a young, diverse middle‑class community with a median weekly household income of about $1,236 and strong connectivity to Melbourne’s CBD, providing a ready customer base and workforce for commercial operations
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