5/3 Faussett St, Albert Park is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2018. The property has a land size of 238m2 and floor size of 146m2. While the property is not currently for sale or for rent, it was last sold in July 2016.
Commanding a prime position above Albert Park Village, this incredibly stylish and beautifully planned penthouse showcases an exceptional blend of elegance and sophistication designed for those who crave a vibrant lifestyle. With impressive proportions inside and out, it promises the perfect backdrop for both lavish entertaining and quiet, effortless living, just steps from the area's renowned boutiques, restaurants, and caf scene.
Exclusive, direct lift access reveals brilliantly designed interiors where the separate living and dining rooms each open to a broad entertainer's terrace through bi-fold doors, allowing seamless integration with the outdoors. Take in the aroma of coffee below while village life unfolds before you, with the sublime gourmet kitchen acting as a true centrepiece, boasting stone benches and quality Miele appliances, with an island bench that keeps the host effortlessly connected to each space.
The versatile accommodation includes a beautiful main bedroom with a private balcony, designer en-suite, walk-in robe, and spacious second bedroom with a study areaeasily converted into two rooms to incorporate a study if required. A stylish bathroom, RC/air conditioning, alarm, video intercom, laundry, and exclusive private lift to double car garage round out this sophisticated lock-and-leave lifestyle, steps from trams and a short walk to MSAC, Albert Park Lake, the beach and the light rail.
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:
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