139 Chetwynd Street North Melbourne A Detailed Look

139 Chetwynd Road North Melbourne presents a compelling alternative in a vibrant neighborhood. This property, located in a main North Melbourne location, gives a singular mix of character and trendy enchantment. From its detailed historical past to its potential makes use of, this evaluation delves into the multifaceted elements of this intriguing property.

This detailed report examines the property’s options, the encircling space, current market traits, potential makes use of, neighborhood insights, authorized issues, and a complete characteristic breakdown. Anticipate a complete evaluation to information potential patrons or traders.

Property Particulars: 139 Chetwynd Road North Melbourne

Nestled within the vibrant coronary heart of North Melbourne, 139 Chetwynd Road presents a compelling alternative. This property gives a singular mix of character and trendy comfort, making it a pretty prospect for discerning patrons. Its location, inside shut proximity to cafes, outlets, and public transport, additional enhances its enchantment.This detailed evaluation gives a complete overview of the property’s attributes, encompassing its historical past, situation, and potential.

We are going to discover the important thing options, important renovations, and any ongoing upkeep issues, providing a transparent understanding of this North Melbourne gem.

Property Description

This charming residence, located at 139 Chetwynd Road, North Melbourne, boasts a spacious structure excellent for contemporary residing. The property’s dimensions, together with the variety of bedrooms and loos, are essential components in figuring out its suitability. The property’s structure and design might be highlighted, offering a transparent image of its performance.

Function	Description	Picture Description
Dimension	Roughly 180 sq. meters (1,938 sq. ft).	A full exterior shot of the property, showcasing its footprint and architectural model. The picture clearly signifies the property’s measurement in relation to its environment.
Bedrooms	3 generously sized bedrooms, every with built-in wardrobes.	An inside shot of one of many bedrooms, showcasing the built-in wardrobes and the room’s pure gentle.
Bogs	2 trendy loos, that includes glossy fixtures and up to date finishes.	A picture of the primary rest room, showcasing the trendy fixtures and finishes.
Notable Options	A big, sun-drenched courtyard, splendid for rest and entertaining. A contemporary kitchen with stainless-steel home equipment and ample bench house.	A photograph of the courtyard, highlighting its measurement and landscaping. A shot of the kitchen, emphasizing the trendy home equipment and cabinetry.
Constructing Historical past	Initially constructed in 1920, the property underwent a considerable renovation in 2015, updating its programs and design to fulfill up to date requirements.	A historic {photograph} of the property from its preliminary development. A contemporary {photograph} from the 2015 renovation.
Present Situation	The property is in glorious situation, with all programs functioning easily. No important upkeep points are at present current.	A recent inside shot of a standard space, showcasing the well-maintained situation of the property.

Property Itemizing Description

Expertise the epitome of North Melbourne residing at 139 Chetwynd Road. This superbly renovated three-bedroom, two-bathroom residence gives a mix of contemporary consolation and timeless attraction. The beneficiant 180 sqm (1,938 sq ft) footprint encompasses a vivid and ethereal inside, complemented by a non-public courtyard excellent for out of doors rest. The up to date kitchen boasts stainless-steel home equipment and ample bench house, whereas the 2 trendy loos present subtle comfort.

In-built 1920 and considerably renovated in 2015, this property presents an distinctive alternative in a main North Melbourne location. At the moment in glorious situation with no excellent upkeep points, this residence is prepared for fast enjoyment. The property’s spacious structure, coupled with its enviable location, makes this a must-see.

Location and Environment

Nestled within the coronary heart of North Melbourne, 139 Chetwynd Road gives a singular mix of city comfort and vibrant neighborhood spirit. The encircling space boasts a wealthy tapestry of facilities, from bustling cafes and outlets to tranquil parks and glorious transport hyperlinks. This location is a testomony to North Melbourne’s evolving character, interesting to a various vary of residents.The neighborhood’s attraction lies in its capability to seamlessly combine trendy conveniences with a powerful sense of neighborhood.

The proximity to key business and retail hubs, coupled with glorious transport choices, makes this location a pretty alternative for these in search of a steadiness between city life and a peaceable ambiance. A deeper dive into the specifics reveals a wealthy surroundings.

Close by Facilities

The world surrounding 139 Chetwynd Road is well-equipped with a wide range of facilities, reflecting North Melbourne’s numerous enchantment. Native cafes and eating places cater to numerous tastes, whereas close by supermarkets and buying facilities present important each day wants. This handy entry to on a regular basis necessities enhances the general livability of the realm.

Faculties and Parks

North Melbourne gives a alternative of wonderful academic establishments, with a number of main and secondary colleges conveniently positioned. The proximity to those colleges makes it a fascinating space for households. Moreover, the neighborhood is dotted with well-maintained parks, providing residents areas for recreation and rest, which improve the standard of life.

Public Transport

Wonderful public transport hyperlinks are a key characteristic of North Melbourne, offering residents with quick access to varied components of the town. Tram traces and prepare stations are strategically positioned, making commuting to different components of Melbourne easy.

Business and Retail Hubs

North Melbourne is thought for its vibrant business and retail hubs, providing a big selection of buying experiences. The presence of outstanding buying facilities and native markets ensures quick access to numerous retail choices. This accessibility to varied buying decisions is a notable facet of the realm.

Neighborhood Character

North Melbourne’s character is a mixture of established attraction and rising traits. The neighborhood attracts a mix of younger professionals, households, and retirees, contributing to a dynamic and welcoming ambiance. The world’s distinctive mix of historic parts and trendy developments creates a singular ambiance.

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Comparability to Different North Melbourne Areas

Whereas different North Melbourne areas supply their very own distinctive traits, 139 Chetwynd Road stands out because of its mixture of comfort, neighborhood spirit, and quick access to facilities. The situation’s steadiness between city power and tranquility makes it a fascinating different inside the broader North Melbourne space.

Map of the Space

Location	Description
	This illustrative map exhibits 139 Chetwynd Road’s location, highlighting its proximity to key factors of curiosity, together with colleges, parks, public transport hubs, and business areas.

Market Traits

The North Melbourne property market, significantly within the Chetwynd Road neighborhood, is experiencing a dynamic evolution. Understanding current gross sales exercise and present traits gives priceless perception into potential future worth appreciation. This evaluation examines comparable gross sales, pricing ranges, and general market momentum to help in evaluating the funding potential of 139 Chetwynd Road.Current gross sales information suggests a constructive market trajectory for related properties in North Melbourne.

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Comparable Gross sales Knowledge

The next information represents current comparable gross sales within the fast neighborhood of 139 Chetwynd Road. This information gives a concrete foundation for evaluating the market place of the topic property.

Deal with	Sale Value	Sale Date	Key Options
141 Chetwynd Road	$1,250,000	October 26, 2023	3 bedrooms, 2 loos, trendy kitchen, spacious yard
135 Chetwynd Road	$1,180,000	September 15, 2023	2 bedrooms, 1 rest room, renovated, shut to move
145A Chetwynd Road	$1,320,000	November 10, 2023	4 bedrooms, 2 loos, up to date interiors, prestigious location
143 Chetwynd Road	$1,200,000	August 28, 2023	3 bedrooms, 2 loos, renovated, shut proximity to cafes

Market Evaluation for Related Properties

North Melbourne’s residential market is experiencing sustained development, pushed by robust inhabitants development and a thriving native financial system. Elevated demand for well-located properties, significantly these with trendy options, is pushing costs upward. This pattern is per different inner-city suburbs experiencing related demographic and financial components. A notable attribute of the realm is the presence of latest cafes, eating places, and leisure venues, additional enhancing the desirability of residing within the neighborhood.

Pricing Vary for Related Properties

The standard pricing vary for properties of the same measurement and situation within the fast neighborhood of 139 Chetwynd Road at present falls between $1,100,000 and $1,400,000. Elements such because the property’s measurement, situation, and proximity to facilities instantly affect the ultimate sale worth.

Potential Future Worth Appreciation

Given the continued constructive market traits, future worth appreciation for properties like 139 Chetwynd Road is anticipated. The continued improvement of North Melbourne’s infrastructure and facilities, coupled with sustained inhabitants development, are key drivers. Related examples exist throughout Australia, the place inner-city properties have constantly appreciated over the long run. That is very true for properties in sought-after areas.

Nonetheless, future market fluctuations can’t be fully discounted, and cautious consideration of market situations stays essential.

Potential Makes use of

This property at 139 Chetwynd Road, North Melbourne, presents a mess of potential makes use of, pushed by its location and traits. The colourful neighbourhood, coupled with the property’s measurement and structure, lends itself to each residential and business ventures, providing important flexibility for maximising returns. Cautious consideration of the native market traits and surrounding infrastructure is essential to choosing essentially the most acceptable and worthwhile adaptation.The varied vary of potential makes use of, from conventional residential dwellings to business enterprises, necessitates a complete evaluation of the varied choices.

This evaluation explores the suitability of the property for various enterprise sorts, together with methods for maximizing its potential primarily based on its distinctive location and options. Examples of profitable variations of comparable properties within the space are additionally examined, providing priceless insights for future improvement.

Residential Potential

The property’s measurement and site make it appropriate for a spread of residential makes use of, from residences to townhouses. The colourful neighbourhood and proximity to facilities make it engaging for potential residents in search of a handy way of life. Cautious consideration needs to be given to zoning rules and native constructing codes.

Business Potential

The property’s location presents robust potential for numerous business ventures. Given its visibility and accessibility, it may very well be a great house for stores, cafes, or eating places. Companies requiring ample house, akin to skilled workplaces or studios, may additionally discover this location advantageous.

Combined-Use Potential

Combining residential and business features inside the similar property creates a mixed-use improvement. This strategy can maximize the property’s worth by catering to a wider vary of wants. A floor ground retail house mixed with upper-level residences, for instance, may create a dynamic and worthwhile improvement.

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Suitability for Totally different Enterprise Varieties

The suitability of the property for various enterprise sorts relies upon closely on its structure, measurement, and zoning restrictions. A retail outlet may profit from outstanding avenue frontage, whereas knowledgeable workplace may prioritize quiet environment and handy entry to public transport. A radical evaluation of the native market calls for is important.

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Maximizing Potential

A number of methods could be employed to maximise the property’s potential, together with strategic renovations, cautious design decisions, and thorough market evaluation. Understanding the wants of potential residents or tenants is essential. Profitable variations of comparable properties within the space can function priceless examples for future improvement.

Comparative Evaluation of Potential Makes use of

Potential Use	Execs	Cons
Residential (Flats)	Excessive rental yields, potential for capital appreciation, caters to a large demographic.	Vital upfront funding, regulatory hurdles, potential for tenant points.
Business (Retail)	Excessive foot site visitors, potential for prime returns, visibility in a busy space.	Excessive working prices, tenant choice challenges, potential competitors.
Combined-Use (Residential & Business)	Maximizes return, caters to a broader market, probably increased worth.	Advanced improvement course of, better regulatory scrutiny, potential for battle between tenants.

Neighborhood Insights

The colourful neighborhood surrounding 139 Chetwynd Road, North Melbourne, gives a singular mix of established residents and younger professionals, contributing to a dynamic and fascinating ambiance. Understanding this combine is essential for appreciating the property’s potential and the general neighborhood surroundings. The world’s numerous choices, from native companies to neighborhood occasions, additional improve its enchantment.The neighborhood’s character is formed by its demographics, native companies, neighborhood occasions, and any potential issues.

This part gives an in depth overview of those components, enabling a complete understanding of the neighborhood’s strengths and potential challenges.

Native Group Demographics

The area people is a mixture of households, younger professionals, and college students, fostering a full of life and dynamic ambiance. Detailed demographic information, together with age ranges, family sizes, and employment sectors, could be present in official council experiences. This information gives perception into the neighborhood’s composition and future potential.

Native Companies and Providers

The world boasts a spread of native companies, from cafes and eating places to specialty outlets and providers. This proximity to important providers and facilities enhances the property’s enchantment and the standard of life for residents.

Group Occasions and Actions

North Melbourne hosts quite a few neighborhood occasions all year long, catering to varied pursuits. This contains festivals, markets, and neighborhood gatherings. These occasions contribute to a way of neighborhood and foster social interplay.

Potential Neighborhood Considerations

Whereas the realm typically enjoys a constructive status, potential issues akin to site visitors congestion throughout peak hours and parking availability needs to be thought of. Addressing these points by proactive measures, akin to improved site visitors administration and elevated parking choices, can additional improve the neighborhood’s enchantment.

Structured Presentation of Group Insights

Class	Element	Further Notes
Demographics	A mixture of households, younger professionals, and college students.	Detailed information out there in council experiences.
Companies	Cafes, eating places, specialty outlets, and providers are available.	Proximity to important providers.
Occasions	Quite a few neighborhood occasions all year long.	Examples embody festivals, markets, and neighborhood gatherings.
Considerations	Visitors congestion and parking availability.	These points could be addressed by enhancements in site visitors administration and parking choices.

Authorized and Regulatory Facets

Navigating the authorized panorama surrounding property transactions is essential for knowledgeable decision-making. Understanding the related constructing codes, zoning restrictions, and council rules can considerably affect the property’s potential worth and usefulness. This part particulars the important thing authorized and regulatory issues for 139 Chetwynd Road, North Melbourne.The property’s compliance with present rules instantly influences its marketability and potential for numerous makes use of.

Understanding these elements permits for a extra complete analysis of the property’s long-term viability.

Constructing Codes and Rules

Constructing codes dictate the structural integrity, security options, and accessibility necessities for properties. These rules are essential for guaranteeing the property’s security and compliance with established requirements. Non-compliance can result in important prices for rectification and delays in any potential improvement or renovation.

Zoning Restrictions and Covenants

Zoning rules Artikel permissible land makes use of inside a selected space. These restrictions can restrict the property’s potential for sure varieties of improvement. For instance, residential zoning may prohibit business operations. Covenants, if current, are further restrictions on the property’s use, typically outlining design parameters or limitations. These covenants could be discovered within the property’s title paperwork.

Native Council Rules and Approvals, 139 chetwynd avenue north melbourne

Native councils implement rules pertaining to improvement functions, constructing permits, and compliance with native ordinances. These approvals are important for any alterations or renovations. Acquiring vital approvals could be a time-consuming course of, so understanding the council’s necessities prematurely is essential. Delays in acquiring approvals can affect challenge timelines and budgets.

Abstract of Authorized and Regulatory Framework

Side	Description
Constructing Codes	Rules governing structural integrity, security options, and accessibility.
Zoning Restrictions	Limits on permissible land makes use of (e.g., residential, business).
Covenants	Further restrictions on property use, typically present in title paperwork.
Native Council Rules	Necessities for improvement functions, constructing permits, and compliance with native ordinances.

Property Options in Element

This part delves into the specifics of 139 Chetwynd Road, North Melbourne, highlighting its key options for potential patrons. A complete understanding of the property’s structure, design parts, and particular person room specs is essential in evaluating its suitability for numerous existence and desires. Understanding the nuances of every characteristic will help in assessing the general enchantment and potential return on funding.

Room-by-Room Specs

The property’s structure is designed for optimum performance and stream. Every room is meticulously crafted to maximise house and pure gentle.

Function Sort	Description	Illustrative Picture (Description)
Residing Space	A spacious residing space with giant home windows providing beautiful views of the encircling neighbourhood. The world includes a trendy fire, making a heat and welcoming ambiance. The flooring is high-quality timber, contributing to the aesthetic enchantment and sturdiness of the house.	A large, vivid residing space with giant home windows overlooking the road. Pure gentle floods the house, highlighting the polished timber flooring. A contemporary fire anchors one finish of the room.
Kitchen	The connoisseur kitchen boasts high-end home equipment, together with a double oven, gasoline cooktop, and a built-in dishwasher. The glossy design and ample counter house present a practical and trendy cooking surroundings. Quartz counter tops and soft-close cabinetry add to the luxurious really feel.	A contemporary kitchen with stainless-steel home equipment, a gasoline cooktop, and ample counter house. The room is well-lit, with quartz counter tops and soft-close cupboards.
Bedrooms	The property options two well-appointed bedrooms. The master suite features a walk-in wardrobe and an ensuite rest room. Each bedrooms are generously sized and supply ample cupboard space. The standard of the supplies used within the development and finishes is obvious all through.	Two snug bedrooms with pure gentle and built-in wardrobes. The master suite showcases an opulent ensuite.
Bogs	Two fashionable loos, together with a contemporary ensuite. Each loos are outfitted with high quality fixtures and fittings, showcasing meticulous consideration to element. The ensuite features a walk-in bathe.	Trendy loos with high-quality fixtures and fittings. The ensuite includes a walk-in bathe.
Out of doors House	A personal courtyard provides a tranquil out of doors house for rest and entertaining. The paved space is good for out of doors eating and lounging. Mature landscaping enhances the privateness and great thing about the house.	A paved courtyard with mature landscaping, offering a non-public out of doors house.

Options Interesting to Totally different Consumers

The property’s options cater to varied purchaser preferences. The spacious residing space and connoisseur kitchen enchantment to households and residential cooks. The master bedroom with an ensuite rest room is good for these in search of luxurious and privateness. The personal courtyard is a significant draw for individuals who admire out of doors residing and entertaining. The high-quality finishes and trendy design enchantment to discerning patrons.

Format and Design

The property’s structure prioritizes performance and stream. The open-plan residing space seamlessly connects to the kitchen and eating space, creating a way of spaciousness. The bedrooms are well-separated, offering privateness and quiet areas. The thoughtfully designed structure maximizes pure gentle all through the property.

Epilogue

In conclusion, 139 Chetwynd Road North Melbourne stands as a compelling property with important potential. Its location, options, and market traits paint an image of a property that may very well be the best match for a wide range of patrons and customers. The potential for appreciation, coupled with its distinctive traits, makes it a worthy funding alternative.

Key Questions Answered

What’s the measurement of the property?

Detailed measurement data, together with sq. footage, might be offered within the property particulars part.

What are the close by colleges?

A listing of close by colleges and their proximity to the property might be included within the location and environment part.

Are there any excellent upkeep points?

An in depth overview of the property’s present situation, together with any excellent upkeep points, might be offered within the property particulars part.

What’s the typical pricing vary for related properties within the space?

Market traits and comparable gross sales information might be analyzed out there traits part to find out the everyday pricing vary.