SOLD
Sold on 12 Mar 2024 for $600,000

314/162 Albert Street
East Melbourne VIC 3002

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 8353m2
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Property Details for 314/162 Albert St, East Melbourne

314/162 Albert St, East Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 8353m2 and floor size of 71m2. 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
71m2
Land Size
8353m2
Local Government
Melbourne
Lot/Plan
314V/PS501398

Last Listing description (March 2024)

Perfectly positioned at the well-renowned Tribeca complex in East Melbourne, unit 314V offers the best inner-city living providing style and convenience. This remarkable residence is the perfect home you will always love or an investment you will never regret.

The open layout creates a seamless flow between the living, dining, and kitchen areas, allowing for effortless relaxing evenings at home. A functional bathroom and a modern kitchen complete this package.

Other apartment features include two balconies, secure intercom, European laundry, split air-conditioning system, secure car space, access to a gymnasium and outdoor swimming pool and all the convenience that the Tribeca Complex has to offer: IGA Supermarket, cafs, restaurants, a wine bar and beauty salon.

Diagonally opposite Powlett Reserve with its manicured gardens and tennis courts, you could also take a short stroll and walk through heritage-listed Fitzroy Gardens, keep walking and you are amongst the shops, MCG, Melbourne & Olympic Parks, restaurants and theatres of the CBD, Fitzroy and Collingwood.

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Property History for 314/162 Albert St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$600,000
12 Mar 2024
Listed for Rent
$520/w
13 Jun 2022
  • 12 Mar 2024
    Sold for $600,000
  • 21 Feb 2024
    Listed for Sale UNDER OFFER
  • 19 May 2022
    Listed for Rent - Price not available
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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.

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