SOLD
Sold on 15 Mar 2024 for $630,000

1016/162 Albert Street
East Melbourne VIC 3002

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Sold By
Jellis Craig Richmond & Surrounds
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Property Details for 1016/162 Albert St, East Melbourne

1016/162 Albert St, East Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in East Melbourne in the last 12 months.

Building Type
Unit
Year Built
2004
Floor Size
66m2
Local Government
Melbourne
Lot/Plan
1016V/PS501398

Last Listing description (May 2020)

******PRIVATE, HYGIENIC RESTRICTION COMPLIANT ONE-ON-ONE VIEWINGS BY APPOINTMENT ONLY******

Flooded in natural light and enjoying fantastic southerly views, this spacious 2 bedroom is in immaculate condition and has been well designed to maximise the best use of space.


Featuring an open plan living/dining area, large balcony, galley kitchen with plenty of cupboard space, two generous sized bedrooms and central bathroom with shower and separate bath.

Complete with reverse cycle air-conditioning, secure car park, heated lap pool, gymnasium, and security entrance.

Perfectly located, Fitzroy Gardens and Powlett Reserve are within just a moment's walk alongside a multitude of transport links.

By registering your interest, you will be INSTANTLY informed of any updates, changes or cancellations for your appointment.

*****In light of the changing conditions and to assist in minimizing the risk of spreading COVID-19 our team will be observing additional precautions whilst conducting inspections.

PLEASE NOTE - Inspection by private appointment onlyCaine will be conducting inspections by private appointment only. Before you request to book a private inspection of a property, we ask that you:- Ask Caine for our guided video inspection of the property- Conduct further research on the location of the property to ensure it suits all your needs- Conduct a drive-by if possible - How to register: Click the email the agent icon and insert your details we will contact you and confirm a time/date to be escorted through the property.

No handshaking
Our team members will sanitize hands prior to the commencement of each inspection
Team members will wear disposable gloves and open front doors and internal doors for those inspecting the property
Please keep a distance of approximately 1.5 metres from our team members. We will stagger/limit numbers through properties during inspections to ensure you have a safe distance from other attendees
Please refrain from touching items/fixtures and doors within properties - if you would like to view something, in particular, request the agents assistance
Private inspections will be available upon request
VIDEO inspections will be available for some properties upon request******

Property History for 1016/162 Albert St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$630,000
15 Mar 2024
  • 15 Mar 2024
    Sold for $630,000
  • 23 Apr 2020
    Listed for Rent $450 / week
  • 19 May 2016
    Sold for $592,500
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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 5,705 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 35 properties listed for sale, and 24 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 218 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.