FOR SALE
$550,000 - $600,000

704/162 Albert Street
East Melbourne VIC 3002

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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RESERVE IS IN THE RANGE! Discover the perfect urban retreat just minutes from the vibrant heart of the city!

This stunning 2-bedroom apartment offers an enviable lifestyle with a prime location near the culinary hotspots of Lygon and Brunswick Streets. Step into a light-filled, open-plan living space adorned with rich, warm floorboards, leading to a designer kitchen featuring a sleek stone countertop, gas cooktop, and breakfast bar. Both bedrooms come with built-in robes, while the modern bathroom offers ample space and style.
Enjoy the convenience of a Euro laundry, heating, and a private balcony for your morning coffee or evening relaxation. The secure basement car park ensures peace of mind, and the complex provides communal amenities like a sun deck, pool, and brand-new gym equipment.
With a boutique shopping promenade at your doorstep, you'll have easy access to cafes, a wine bar, takeout options, and an IGA supermarket. Effortlessly connect to the CBD and nearby parklands, making this architecturally renowned development an ideal choice for those seeking a dynamic urban lifestyle.
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Property Details for 704/162 Albert St, East Melbourne

704/162 Albert St, East Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with OBrein Real Estate Keysborough.

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Unit

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About East Melbourne 3002

The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46% of total area. The population of East Melbourne in 2011 was 4,714 people. By 2016 the population was 4,987 showing a population growth of 5.8% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation. In 2011, 42.8% of the homes in East Melbourne were owner-occupied compared with 43.6% in 2016.

East Melbourne has 5,699 properties. Over the last 5 years, Houses in East Melbourne have seen a -8.26% decrease in median value, while Units have seen a -10.90% decrease. As at 30 September 2024:

  • The median value for Houses in East Melbourne is $3,090,845 while the median value for Units is $737,459.
  • Houses have a median rent of $1,100 while Units have a median rent of $620.
There are currently 42 properties listed for sale, and 25 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in East melbourne.

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John Rombotis
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Julie Zucha
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OBrein Real Estate Keysborough
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