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Overview
Situated in the heart of Melbourne’s Degraves Street, this character-filled apartment is a unique offering inviting city lovers to embrace a dynamic urban lifestyle. Housed within the historic Mutual Building, dating back to circa 1910-1938, the property merges vintage charm with modern conveniences, appealing to those who value architectural heritage combined with city vibrancy.
The apartment’s generous 56 square meters provide a surprisingly spacious layout, highlighted by expansive windows that brighten the living space with natural light, enhancing the inviting atmosphere. The kitchen is thoughtfully designed with both function and style in mind, featuring a gas cooktop, electric oven, ample cupboard and bench space including a distinctive floating island, making meal preparation efficient while providing a social hub within the home.
A well-proportioned queen-size bedroom boasts large robes, offering substantial storage and a restful retreat from the bustling city. The ensuite bathroom, cleverly integrated with laundry facilities, offers convenience and practicality without compromising on style or space.
Additional comforts include a secure, intercom-controlled entry and lift access directly to the apartment level, ensuring privacy and ease of movement. Year-round comfort is assured through split system air conditioning, catering to variable Melbourne weather conditions.
Currently operating successfully as an Airbnb, the apartment presents excellent potential for investors seeking a well-located, income-generating asset. Prospective buyers also have the option to purchase the existing furniture separately, providing a ready-to-live-in or let solution.
This property is particularly well-suited to professionals, couples, or investors who desire a central city dwelling that offers not only proximity to premier Melbourne dining, shopping, and transport options but also the character and uniqueness of a heritage-listed building.
Local Market Insights
In Melbourne, Quiet Listings observed 142 new apartments entering the market over the last 30 days, down from 147 during the previous 30-day period, with an average advertised asking price of $583,514. The property type mix of listed properties is predominantly Apartments at 93%, followed by commercial properties (4%), and land (2%). Melcorp Real Estate was the most active agency in this area, representing 30.9% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Melbourne VIC 3000
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 56 m² |
Market Insights for Melbourne VIC 3000
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
