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Back 51/1 Flagstaff Lane
Off Market

51/1 Flagstaff Lane

West Melbourne VIC 3003

3
2
2
Apartment
Last sold for $1,285,000
Simon MasonSimon Mason, last sold this property on 31 October 2025 after 88 days on market.

Overview

Star of the Show

The one and only top-floor penthouse in the former Western Star Butter Factory, this remarkable residence combines a vast and versatile design with bespoke architectural cues to deliver an inner-city lifestyle of executive perfection. Accessed via the lift to your own private entrance foyer, the home's luminous interior showcases two primary bedrooms (extra-large main) with custom robes each serviced by its own stylish ensuite bathroom. The second bathroom comes with large bath. Floorplan flexibility is augmented by the inclusion of a home office/third bedroom, enormous open-plan living area with towering ceilings and separate dining zone adjoined by a commercial-style stainless-steel kitchen with ample storage, dishwasher and Bosch cooking appliances. Complementing the unforgettable interior is a large wrap-around fully-decked terrace providing the perfect place to relax or entertain while taking in the spectacular city views. Other stand-outs include ducted heating/refrigerated cooling, solid hardwood floors and concealed laundry facilities, plus a secure foyer with fob entry, two undercover parking spaces and large storage cage. A short stroll to Flagstaff Gardens, Flagstaff Station, Latrobe Street trams (free tram zone) and Queen Victoria Market, it's also close to Haileybury College (zoned to University HS), hospital/uni precincts and the city's endless array of cafes, bars and restaurants to discover.

Features

3 bedrooms
2 bathrooms
2 carspaces
Apartment

Estimated Value

Based on this property and similar 3 bedroom apartments sold in West Melbourne over the last 12 months, the estimated median property value of 51/1 Flagstaff Lane is $930k.

Median value
$930k
Estimated value range
$525k - $3.55m
Median days on market
50
Estimated value trend
-2%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in West 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.

Property history for 51/1 Flagstaff Lane

2025
Sold
$1,285,000
Private Sale/Treaty on 31 Oct 2025 by Simon Mason, of Jellis Craig Kensington
2023
Sold
$1,250,000
Private Sale/Treaty on 05 Jan 2023 by James Flynn, of Melbourne City Real Estate

Happy sellers in West Melbourne

87%
87% of sellers in West Melbourne reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 27 reviews in West Melbourne over the last 12 months.

Local market activity for 3 bedroom apartments in West Melbourne

In the last 12 months, 29 three-bedroom apartments similar to 51/1 Flagstaff Lane, have been sold.

This represents a 27% decrease in three-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in West Melbourne

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Sahil Bhasin

Sahil Bhasin is an award winning recommended agent for West Melbourne.  They have 7 local sales and collected 7 local reviews across the last 12 months.

  •   5   (90 reviews)
  •  7 Reviews in West Melbourne
  •  7 Sales in West Melbourne
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Catherine Sheo

Catherine Sheo is a recommended agent for West Melbourne.  They have 6 local sales and collected 4 local reviews across the last 12 months.

  •   4.9   (56 reviews)
  •  4 Reviews in West Melbourne
  •  6 Sales in West Melbourne
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Peter Doan

Sellers who recommend Peter Doan have praised them for being local expert, clear communication, reliable, responsive, supportive, honest and dedicated

  •   4.9   (331 reviews)
  •  2 Reviews in West Melbourne
  •  4 Sales in West Melbourne
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Philip Middlemiss

Sellers who recommend Philip Middlemiss have praised them for being local expert, clear communication, responsive, supportive, well-prepared, strategic and honest

  •   5   (113 reviews)
  •  2 Reviews in West Melbourne
  •  2 Sales in West Melbourne
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