58-60 Erskine Street, North Melbourne, Vic 3051

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58-60 Erskine Street, North Melbourne, Vic 3051-Image

58-60 Erskine Street, North Melbourne, Vic 3051

$2,000,000 - $2,200,000

House

Type

Bedrooms

Bathrooms

Last updated on Monday, July 06, 2026 ( See property details for 58-60 Erskine Street, North Melbourne, Vic 3051)

$2,000,000 - $2,200,000

View the agent price guide.

Trevor Gange - Real Estate Agent - Jellis Craig - Fitzroy

Trevor Gange PARTNER, AUCTIONEER & LICENSED ESTATE AGENT

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare dual Victorian terrace offering versatile development potential, spacious living, and a prime city-fringe location with excellent income prospects.

🏡 Property Highlights

Two Victorian terrace homes on a large 510sqm approx. allotment with versatile development options
Immediate income stream with both homes leased at approximately $60,000 gross per annum
Potential for modern extension, renovation, subdivision, or consolidation (subject to council approval)
Charming weatherboard façades with voluminous, light-filled interiors and soaring ceilings
Spacious north-facing backyard offering a tranquil, rural-like ambience in a vibrant city-fringe location
Prime position on Hotham Hill, close to Royal Park, cafés, shopping, public transport, and top schools

✨ Key Features

Open-Plan Living
Outdoor Area
Built-in Robes
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Ceiling Fans
Pet-Friendly

Suburb and Property Insights of North Melbourne, VIC 3051

North Melbourne is a vibrant, community-focused suburb renowned for its historic charm and excellent connectivity. Key highlights include proximity to Royal Park, diverse cafés and eateries, easy access to public transport including trams and trains, and a thriving local shopping scene. The area offers a perfect blend of urban convenience and relaxed living, with top schools and Melbourne’s CBD just minutes away, making it ideal for families, professionals, and investors alike.

Frequently Asked Questions

What are the potential development options for these properties?

The properties offer options including a modern extension and renovation, consolidation into one large residence, subdivision to create two separate homes, or even adding a third dwelling in the large backyard, all subject to council approval.

What is the current rental income and potential for future income growth?

Both homes are currently leased at approximately $60,000 gross per annum, providing a solid income stream with potential for future growth depending on renovations or development.

How close are the properties to public transport and amenities?

The homes are just footsteps from city-bound trams, Arden and Macaulay train stations, and are near Royal Park, cafés, Arden Gardens shopping, and Melbourne’s CBD, offering excellent connectivity and lifestyle convenience.

Are there any restrictions or approvals needed for development?

Any development or subdivision plans are subject to council approval, and prospective buyers should consult local planning regulations to confirm permissible options.

What are the key features of the interiors and exteriors?

The interiors feature voluminous, light-filled spaces with soaring ceilings, while the exteriors showcase charming weatherboard façades and spacious north-facing backyards.

What to ask about this property to agent?

Are there any existing planning restrictions or easements on the property that could affect development options? What are the total costs involved in subdividing or renovating the properties, including council fees and approvals? Are there any known issues with the properties, such as structural defects or pest problems? Is there any history of flooding or bushfire risk in this area? Are there any upcoming planning or construction projects nearby that could impact the property’s value or livability? What are the strata or body corporate arrangements, if applicable, and associated costs? Are there any restrictions on the use of the large backyard for additional dwellings? What are the zoning regulations for this property and surrounding land? Are there any noise or nuisance issues from neighboring properties or nearby infrastructure? What are the long-term development prospects and council plans for this area?

58-60 Erskine Street, North Melbourne, Vic 3051 - More Details

$2,000,000 - $2,200,000

Type: House
Bedrooms: 8
Bathrooms: 2

Price guide

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58-60 Erskine Street, North Melbourne, Vic 3051 - Point Of Interest

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