SOLD
Sold on 03 May 2024 for $11,500,000

1011/280 Albert Street
East Melbourne VIC 3002

Bedrooms: 5
Bathrooms: 5
Car spaces: 6
Land area: 8073m2
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Property Details for 1011/280 Albert St, East Melbourne

1011/280 Albert St, East Melbourne is a 5 bedroom, 5 bathroom Unit with 6 parking spaces and was built in 2019. The property has a land size of 8073m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 5 bedroom Unit sold in East Melbourne in the last 12 months.

Building Type
Unit
Year Built
2019
Land Size
8073m2
Local Government
Melbourne
Lot/Plan
178/PS545348

Last Listing description (May 2024)

Inspect Strictly by Private Appointment.
Embracing breathtaking views across Fitzroy Gardens, the city skyline, the Arts Precinct, MCG and Port Phillip Bay, this spectacular sub-penthouse occupies a total of 520sqm approx. within the tightly held Bates Smart designed “The Eastbourne” is an impressive showcase of state-of-the-art design, palatial proportions, absolute luxury and hotel style amenity.
A private lobby introduces an entertaining, living and dining zone of expansive proportions set against a wall of glass that opens out to a full width private terrace commanding wonderful views of Melbourne's ever-changing skyline. It's the perfect venue for lavish indoor-outdoor entertaining served by a premium gourmet kitchen and fully equipped caterers kitchen appointed with Barazza ovens, coffee machine, integrated Liebherr fridge/freezers and Miele wine fridge. Enjoying the serenity of its own wing, the glorious main bedroom opening to the terrace is accompanied by a sumptuous marble en suite, deluxe dressing room and a generous retreat or media room offering views to the Macedon Ranges. An abundance of equally luxurious additional accommodation comprises four king-sized bedrooms with built in robes and designer en suites and a study.

The exceptional level of finish includes video intercom, heated flooring, ducted cooling, remote blinds, powder-room, laundry with Asko drying cabinet, storeroom, basement storage and 6-car garaging while the Eastbourne's first class amenities feature 24/7 concierge, indoor pool, gym, yoga/Pilates room, private theatre, business centre, resident's lounge, dining room, kitchen and terrace and the exclusive Masters Club with lounge and wine cellar.
City edge living at its most opulent and picturesque, “The Eastbourne” is directly opposite Fitzroy Gardens and just a short walk to the city's restaurants, theatres and shops, the sports precinct, Smith and Gertrude St restaurants, North Richmond station and trams.

Property History for 1011/280 Albert St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$11,500,000
03 May 2024
  • 03 May 2024
    Sold for $11,500,000
  • 09 Apr 2024
    Listed for Sale Under Contract
  • 11 Jun 2016
    Sold for $8,451,650

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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 5,748 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 39 properties listed for sale, and 24 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 235 properties were sold in the past 12 months in East melbourne.

Suburb Insights for East Melbourne 3002

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.