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27/1 Oconnell Street, North Melbourne, Vic 3051 For Sale
27/1 Oconnell Street, North Melbourne, Vic 3051 27/1 Oconnell Street, North Melbourne, Vic 3051-Image 27/1 Oconnell Street, North Melbourne, Vic 3051-Image 27/1 Oconnell Street, North Melbourne, Vic 3051-Image 27/1 Oconnell Street, North Melbourne, Vic 3051-Image 27/1 Oconnell Street, North Melbourne, Vic 3051-Image 27/1 Oconnell Street, North Melbourne, Vic 3051-Image 27/1 Oconnell Street, North Melbourne, Vic 3051-Floorplan

27/1 Oconnell Street, North Melbourne, Vic 3051

$185,000

Unit
Type
1
Bedrooms
1
Bathrooms

Published on Friday, April 17, 2026 ( See property details for 27/1 Oconnell Street, North Melbourne, Vic 3051)

$185,000

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

A modern, student-oriented apartment in North Melbourne offering excellent amenities, prime location, and strong rental income potential.

🏡 Property Highlights

  • Prime student-focused development with tailored living spaces
  • Excellent rental yield of nearly $400 per week
  • Strategic location close to Melbourne University and RMIT
  • Modern amenities including high-speed internet and communal lounge
  • Secure complex with elevator access and security entry
  • Private balcony with streetscape views

✨ Key Features

  • Balcony
  • Open-Plan Living
  • Built-in Robes
  • Heating
  • Security Screens / Gates
  • Elevator Access
  • Community Lounge
  • Bike Storage
  • High-Speed Internet
  • Coin-Operated Laundry

North Melbourne is a vibrant inner-city suburb renowned for its lively atmosphere, excellent access to top universities, and a diverse array of cafes, shops, and cultural attractions. Its walkable streets and strong community vibe make it ideal for students and young professionals alike. The area offers convenient public transport links, ensuring easy connectivity to Melbourne’s CBD and beyond. With its mix of historic charm and modern amenities, North Melbourne continues to be a highly sought-after location for both living and investment. The proximity to Queen Victoria Market adds a unique shopping and dining experience, making it a dynamic and desirable neighbourhood.

What makes this apartment ideal for students?
This apartment is purpose-built for students, featuring a spacious layout with two single beds, modern kitchen, communal lounge, and convenient amenities like high-speed internet and bike storage, all within walking distance to major universities.
What are the key features of the building?
The building offers secure entry, elevator access, a communal lounge, coin-operated laundry, bike storage, and high-speed internet, providing a comfortable and convenient living environment.
Is the property suitable for investment?
Yes, with a strong rental income of nearly $400 per week and its strategic location close to top universities and city attractions, this property offers excellent investment potential.
What are the nearby amenities and attractions?
Residents can enjoy proximity to Melbourne University, RMIT, Queen Victoria Market, cafes, restaurants, shops, and easy access to Melbourne’s CBD.
What is the condition of the apartment?
The apartment features a modern kitchen, stylish bathroom, quality carpet, and a private balcony, all maintained to a high standard for comfortable student living.
Are there any upcoming maintenance or renovation works planned for the building? What are the strata or body corporate fees and are there any special levies? Are there any restrictions or covenants affecting the property? Is the property compliant with all building and safety regulations? Are there any planned developments or zoning changes in the area that could impact the property? What are the long-term vacancy rates in the complex? Are there any known issues with noise, pests, or structural defects? Is the property flood or bushfire prone, and what insurance considerations apply? Are there any restrictions on leasing or subletting the apartment? What are the total ongoing costs, including council rates, utilities, and management fees?

27/1 Oconnell Street, North Melbourne, Vic 3051 - More Details

$185,000

Introducing a prime investment opportunity within the exclusive "Victoria Terrace Apartments". Designed specifically for students, this boutique development offers convenience, comfort, and a vibrant urban lifestyle, all within walking distance to Melbourne University, RMIT, and the bustling city centre.

Apartment Features:

- Current rental:
$1716 per calendar month (almost $400/week!). Leased until 10/6/2026

- Purpose-Built for Students: This studio apartment is tailored for student living, featuring a spacious layout with two single beds (photo shows the beds placed together), providing both comfort and practicality.


- Modern Kitchen: Equipped with gas cooking, the kitchen is designed for efficiency and ease, perfect for busy student life.

- Stylish Bathroom: The large contemporary bathroom boasts designer appointments and flooded with natural light.

- Comfort and Quality: With quality carpet throughout, heating for year-round comfort, and a private balcony offering streetscape views, this apartment ensures a pleasant and conducive environment for study and relaxation.

Building Amenities:

- Security and Accessibility: The secure complex includes a security entry and elevator access to all floors, ensuring peace of mind and convenience for all residents.

- Community Spaces: A large communal lounge provides a perfect space for socialising and unwinding, fostering a strong sense of community among residents.

- Practical Facilities: Coin-operated laundry facilities and bike storage add to the convenience of student living.

- High-Speed Internet: Stay connected with high-speed internet available through Superloop Internet, essential for both study and entertainment.

Location Highlights:


- Prime Position: Situated just minutes from RMIT and Melbourne University, this apartment offers unparalleled access to top educational institutions.

- Urban Lifestyle: Located right on the doorstep of the iconic Queen Victoria Market and the city centre, residents can enjoy a plethora of cafes, restaurants, and shops, all just a short stroll away.


This studio apartment represents an excellent investment in a high-demand area, catering perfectly to the student rental market. With its modern amenities, strategic location, and the unique advantage of being part of a student-only accommodation complex, it promises steady rental returns and potential for capital growth.

Don’t miss out on securing this prime student accommodation unit in North Melbourne.



Contact us today for further details.


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Disclaimer:

We have, in preparing this document, used our best endeavours to ensure that the information contained is accurate. Prospective purchasers should independently verify all information provided and consult the due diligence checklist provided by Consumer Affairs Victoria.
Type
Unit
Bedrooms
1
Bathrooms
1

Price guide

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