127 Grey Street, East Melbourne

Exclusively positioned in one of Melbourne’s most coveted and tightly held pockets, this circa 1866 Victorian terrace blends timeless charm with exceptional potential, just a short stroll from Fitzroy Gardens and Powlett Reserve. Cherished by the same family for nearly sixty years, this graceful two-storey residence stands proudly within a peaceful streetscape that belies its proximity to the CBD and Melbourne’s cultural heart. Beyond its ornate façade adorned with delicate latticework, a wide hallway with soaring ceilings, baltic wooden flooring and an original decorative arch welcomes. To the left, a spacious sitting room with marble fireplace, intricate ceiling rose and custom shelving offers an inviting retreat, while a formal dining room provides an elegant space for entertaining. At the centre of the residence, an early renovation by esteemed architect Daryl Jackson AO – later renowned for designing landmark buildings such as the County Court of Victoria - introduces a relaxed kitchen and casual meals area beneath a striking sloped glass ceiling. This light-filled space opens to a private courtyard garden, ideal for alfresco dining and year-round enjoyment A carport and prized off-street parking for three vehicles at the rear further enhance the home’s liveability. Upstairs, a split landing reveals three serene bedrooms, including a sun-drenched main suite with built-in robes and original sash windows opening to a north-facing terrace - perfect for enjoying your morning coffee amid leafy streetscape views. Comfortable as is, the home offers exciting scope for further enhancement or extension (STCA), inviting the next custodian to build upon its rich legacy. Additional features include a downstairs bedroom/study, laundry with shower, powder room, family bathroom, under-stair storage, reverse-cycle heating and cooling, a versatile external workshop with power and additional outdoor storage. Position, heritage and possibility converge in this exceptional opportunity. With Melbourne’s finest offerings, from the MCG and Yarra River trails to vibrant restaurants, cafés, and transport links all within easy reach, this is a rare chance for the discerning buyer to create a stunning home at a blue-chip address in East Melbourne.