11/140 Kerferd Rd, Albert Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1968. The property has a land size of 810m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in April 2019.
Privately situated on the top floor of an older style complex, this well maintained apartment offers an outstanding opportunity for first home buyers, young couples or shrewd investors, with its value underpinned by an excellent location. This charming residence presents an ideal low maintenance lifestyle within easy reach of both Albert Park and Middle Park Villages, public transport, the beach, Albert Park Lake and MSAC.
Securely accessed via intercom, the light and bright interior is perfectly comfortable to move in and enjoy immediately, while also exhibiting ample scope to personalise and update in the future, if desired. The functional floorplan features open plan living and dining with split system air conditioning unit, separately zoned kitchen, two generous bedrooms with built in robes, practical bathroom with shower over bath and laundry facilities, powder room and good storage.
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 3,594 properties. Over the last 5 years, Houses in Albert Park have seen a 1.33% increase in median value, while Units have seen a 3.54% increase. As at 31 October 2024:
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