PHOTO: 11 Jenkin Street, Brunswick East VIC 3057
A purchaser has acquired a pristine property for $1.32 million in one of the most fashionable neighborhoods globally. Situated at 11 Jenkin Street in Brunswick East, Victoria, this suburb ranks sixth in Time Out’s 2023 list of the world’s trendiest neighborhoods, surpassing iconic locales such as Mid-City in New Orleans, the Arts District in Los Angeles, and the West End in Glasgow. Notably, it is the sole Australian postcode to secure a spot in the top 10.
BOXING DAY SALE 2023: Looking for a real estate database of 3 x suburbs from $99 plus gst? | SALE
The sale occurred through auction on December 16, with Mario Elezovic from Raine & Horne Brunswick handling the transaction. The warehouse, occupying 272 square meters on a corner block within a vibrant hub, is described as “one of the last remaining warehouse shells in the suburb” in the listing. It offers the potential for four bedrooms and three bathrooms.
Photographs in the listing depict a brick exterior featuring graffiti-covered windows and a painted business sign, showcasing its historical character. Inside, the property boasts concrete floors and exposed beams. The listing by Agent Elezovic hints at the possibility of creating “a stylish and eclectic New York-inspired living space.”
Warehouse conversions are particularly appealing to homeowners seeking spacious layouts, double-height ceilings, and industrial-style elements like exposed brickwork and beams. Recognized as a blank canvas with limitless potential, this Brunswick East warehouse could potentially undergo expansion subject to council approval, such as adding an extra level or subdividing into multiple dwellings.
Brunswick East, located 5km north of Melbourne’s CBD, is an inner-city suburb popular among young professionals, creatives, and students. Its allure stems from its vibrant markets, multicultural restaurants, live music venues, small bars, and boutique shops. According to Domain’s latest data, the median house price in Brunswick East is $1.2 million, reflecting a 9.8% increase over the past five years.