50 Alfred Street

North Melbourne VIC 3051

267 m²

House

Maurice Moschini, last sold this property on 20 April 2026 after 69 days on market.

Overview

CHARMING CHARACTER HOME WITH MULTI LEVEL POTENTIAL!

Unlock the Future in North Melbourne’s Hottest Growth Corridor. Positioned in a dynamic urban renewal precinct, this charming 1930s clinker brick residence is far more than a 2-bedroom home—it is a strategic gateway to a multi-level future. With Mixed-Use Zoning (MUZ) and a location surrounded by transformative high-rise developments, this 267m² landholding offers a rare blend of immediate rental returns and significant renovation or redevelopment upside. Property Highlights: • Current Residence: Original 2-bedroom, 1-bathroom home with a central kitchen, lounge, and laundry. • Bonus Studio: Versatile rear bungalow/studio with kitchen facilities and workshop—perfect for home business or extra income. • Income Stream: Secure a strong rental return of $2,151 pcm while you plan your next move. • The Potential: MUZ zoning allows for residential extensions, luxury multi-storey apartments, or mixed-use spaces up to 8-10 levels (STCA). The Location: Nestled just moments from Royal Park, Royal Melbourne Hospital, and the CBD, you are at the heart of North Melbourne’s evolution. Join a neighbourhood defined by the newly completed Blue Hotham Apartments, North Lane Apartments and the Big Housing Build at 33 Alfred Street—projects delivering hundreds of new homes and vibrant retail hubs by 2030. Don't miss your chance to secure a stake in North Melbourne’s future. Whether you’re looking to land-bank, renovate, or develop, this is a blue-chip opportunity that won't last.

Features

2 bedrooms

1 bathroom

267 m² lot size

House

Estimated Value

Based on this property and similar 2 bedroom houses sold in North Melbourne over the last 12 months, the estimated median property value of 50 Alfred Street is $1m.

Median value

$1m

Estimated value range

$820k - $1.73m

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 North Melbourne. 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.