16/5 Industry Ln

Off Market

16/5 Industry Ln

Coburg VIC 3058

Townhouse

Last sold for $630,000

Onder Ozmetin, last sold this property on 01 June 2025 after 31 days on market.

Overview

Modern Comfort Meets Historical Charm in a Thriving Coburg Precinct

Nestled in the iconic Pentridge Village development—once the site of HM Pentridge Prison—this stylish, low-maintenance townhouse offers a rare opportunity to secure contemporary living within one of Melbourne’s most unique heritage settings. Spread over two thoughtfully designed levels, with recent renovations, this residence is ideal for professionals, first-home buyers, downsizers, or investors looking to secure a solid foothold in this tightly held Coburg pocket. The ground floor flows effortlessly from the well-appointed kitchen to spacious dining and living zones, extending out to a private courtyard—ideal for entertaining or relaxing in the sun. As there is no through traffic, there is a real community and neighbourhood feel. Upstairs, you'll find two generous bedrooms with built-in robes, including a main bedroom with its own private outdoor terrace and semi-ensuite access to the central bathroom. A smartly designed Euro-style laundry sits discreetly on the upper level, while a separate powder room downstairs adds further functionality. A secure, undercover car space with easy internal access, and extra storage under the stairs and a storage cage. Just moments from your doorstep lies the Pentridge Piazza, an exciting lifestyle destination offering a vibrant mix of cafés, restaurants, artisan retailers, and the Palace Cinemas, all within the restored bluestone surrounds of the old prison grounds and green, open space for sitting and relaxing. Enjoy your morning coffee from a local roastery, catch the latest film without ever leaving your neighbourhood, or enjoy a leisurely stroll through the many open green spaces that surround the estate. Outdoor enthusiasts and families will love the easy access to Merri Creek Trail, ideal for walking, jogging, or cycling through scenic parklands that connect you to Melbourne’s broader trail network. The area also boasts an abundance of lush reserves, including Coburg Lake Reserve, with picnic areas and playgrounds for all to enjoy. Add to that the convenience of Sydney Road’s bustling retail precinct, trams, Coburg Station, schools, and local services all within easy reach, and you’ve got the perfect balance of inner-city amenity and village-style living. Whether you're drawn to the historical significance, the walkable lifestyle, or the smartly designed modern living, this home represents an outstanding opportunity to be part of a community that blends heritage and progress in equal measure

Features

2 bedrooms

1 bathroom

1 carspace

1 garage space

Townhouse

Estimated Value

Based on this property and similar 2 bedroom townhouses sold in Coburg over the last 12 months, the estimated median property value of 16/5 Industry Ln is $770k.

Median value

$770k

Estimated value range

$585k - $1.05m

Median days on market

Estimated value trend

10%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Coburg. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 16/5 Industry Ln

2025

Sold

$630,000

Private Sale/Treaty on 01 Jun 2025 by Onder Ozmetin, of Outlook Property Group

2021

Rented

Undisclosed

Leased on 18 May 2021 by BigginScott Inner North

Happy sellers in Coburg

93%

93% of sellers in Coburg reported that their sale price either exceeded or met their price expectations.

Coburg stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 64 reviews in Coburg over the last 12 months.

Local market activity for 2 bedroom townhouses in Coburg

In the last 12 months, 28 two-bedroom townhouses similar to 16/5 Industry Ln, have been sold.

This represents a 43% increase in two-bedroom townhouses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

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