103 Merton StreetAlbert Park VIC 3206
Property Details for 103 Merton St, Albert Park
103 Merton St, Albert Park is a 9 bedroom, 3 bathroom House with 3 parking spaces and was built in 1930. The property has a land size of 415m2 and floor size of 304m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 9 bedroom House sold in Albert Park in the last 12 months.
Last Listing description (September 2024)
Positioned on the tightly held dress circle of Albert Park Village, this remarkable property offers a rare opportunity for buyers seeking a prestigious address. Boasting an expansive land size of 415sqm*, the site currently comprises three residences on a single title, positioned on a corner allotment. It provides immediate enjoyment or offers unmatched potential for a transformation into a single refined residence (STCA), catering to both investment and personal ambitions.
Imposing and iconic with its solid-brick Art Deco frontage, the 'Montello' home is currently divided into three charming apartments, each showcasing inherent appeal with a thoughtful three-bedroom floorplan. Featuring the front apartment, newly refurbished with a large separate living and formal dining room offering three bedrooms, bathroom and private balcony. Period features such as exposed timber and magnificent double leadlight doors grace all the living, dining and master bedroom. Numerous leadlight windows feature throughout the living areas. Another unit with a modern kitchen and brand new appliances, offers an open-plan layout with generously appointed bedrooms that align with contemporary tastes while honouring the era's character. The rear, ground floor apartment showcases its stunning original period features. Adding to its appeal, the property includes three spacious garages - a rare find in such a prestigious location - and a spacious backyard perfect for entertaining.
Whether looking to invest in rental opportunities or create a grand single-family home complemented by the rich architectural heritage characteristic of the era, this property offers immediate and future possibilities. With vibrant village cafes, a choice of nearby trams or the light rail, MSAC, the beach, and Albert Park Lake all just a quick moment away, and in desirable proximity to Melbourne's finest schools, South Melbourne Market, and the CBD, this property is a compelling choice for those who appreciate lifestyle connectivity.
*approximate land size
Property History for 103 Merton St, Albert Park, VIC 3206
- 18 Sep 2024Sold for $4,200,000
- 29 Aug 2024Listed for Sale $4,000,000 - $4,400,000
- 17 May 2018Listed for Rent $465 / week
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About Albert Park 3206
The size of Albert Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 55.1% of total area. The population of Albert Park in 2011 was 5,954 people. By 2016 the population was 6,185 showing a population growth of 3.9% in the area during that time. The predominant age group in Albert Park is 40-49 years. Households in Albert Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Albert Park work in a professional occupation. In 2011, 56.5% of the homes in Albert Park were owner-occupied compared with 58.9% in 2016.
Albert Park has 3,643 properties. Over the last 5 years, Houses in Albert Park have seen a 3.39% increase in median value, while Units have seen a -5.73% decrease. As at 30 November 2024:
- The median value for Houses in Albert Park is $2,267,833 while the median value for Units is $798,259.
- Houses have a median rent of $850 while Units have a median rent of $545.
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