West Melbourne at a glance
10,305
People
$1,030,000
Median sale
$643/wk
Median rent
3.25%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
VIC › West Melbourne › Adderley St
$798,000
For sale
Asking
2
Bedrooms
2
Bathrooms
1
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$798,000
Asking
No recorded sale for this property.
West Melbourne at a glance
10,305
People
$1,030,000
Median sale
$643/wk
Median rent
3.25%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Vs West Melbourne
-22.5%
Median sale
Suburb $1,030,000
+0.94 pp
Gross yield
Suburb 3.25%
Suburb median $1,030,000 from 5 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$48,622 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with West Melbourne's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $643/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 4.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
West Melbourne at a glance
10,305
People
$1,030,000
Median sale
$643/wk
Median rent
3.25%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First National Real Estate Janssen & CoThe property is currently leased until July 2026.
Superb 2-bedroom, 2-bathroom 1-parking apartment in the exceptional architecturally designed and crafted Adderley building, brilliantly positioned for the convenience to all living and lifestyle amenities that Melbourne has to offer.
Featuring open plan living and dining, two light-filled queen sized bedrooms with built in robes, master with en-suite, two sparkling modern bathrooms with over sized showers. Fully appointed kitchen with Miele appliances, integrated refrigerator, stone bench tops and plenty storage. A large balcony for year round outdoor entertaining with extraordinary skyline views. Additional features: Separate laundry, heating and cooling, Video intercom, Secure basement parking, timber floorboards throughout living areas and carpet in bedrooms, each room has individual climate control. Quality finishes in every detail. Art gallery in the lobby. Residents enjoy access to swimming pool and spa, bbq, cosy private cinema, private dining, self-serve parcel lockers, concierge services. For owners that with beloved pets, there is much loved self-service dog washing facility. Also on-site an Anytime Fitness Gym, Foodworks, restaurants, cafes and bars.
Located within walking distance to trams and train station, Victoria market, Flagstaff park, Marvel Stadium. Within proximity to RMIT, Melbourne Uni, Haileybury, State Library, and numerous shopping and eateries in the CBD.
Features:
• Open plan living and dining
• Fully appointed kitchen with Miele appliances and built-in refrigerator
• Separate laundry room
• Heating and Cooling
• Video intercom
• On site Foodworks, café, restaurant and bar.
• Private cinema
• Self-service dog washing facility
• 480 metres to trams
• 600 metres to Flagstaff Gardens
• 900 metres to Queen Victoria Market
• 700 metres to Marvel Stadium
• 800 metres to New Quay waterside restaurants and cafes
• 700 metres to prestigious Haileybury - City Campus
• 1km to Southern Cross Station and Spencer Shopping Mall
• 1km to Flagstaff train station
• Close to RMIT and Melbourne University
Terms 10% deposit, balance 30/60/90 days
PLEASE NOTE: Open for inspection times and property availability is subject to change or cancellation without notice
Numbers in description are approximate
Follow us on Facebook: https://www.facebook.com/janssenandco
Listing description written by Grace Bai, First National Real Estate Janssen & Co — reproduced as published, not verified by Districts.