OFF MARKET

408/162 Albert Street
East Melbourne VIC 3002

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 60m2
Land area: 8353m2
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Last updated 16 Dec 2024
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Property Details for 408/162 Albert St, East Melbourne

408/162 Albert St, East Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2004. The property has a land size of 8353m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in October 2019.

Building Type
Unit
Year Built
2004
Floor Size
60m2
Land Size
8353m2
Local Government
Melbourne
Lot/Plan
408V/PS501398

Last Listing description (January 2020)

Enviably located in the heart of historic East Melbourne, this impressive contemporary apartment is set within the coveted Tribeca complex, enjoying a wonderful friendly community vibe and resort style facilities. Described by its current owner as encompassing a neighbourly spirit where everyone is warm and welcoming this home presents a rare opportunity.

Footsteps from both the tranquility of Fitzroy Gardens and the CBD, this home will delight those seeking a convenient urban lifestyle.

Basking in natural light, the apartment has recently undergone a transformation that further complements its well-designed layout. Complete with beautiful oak timber flooring the living area is generous and stylish while both bedrooms are a good size, the main offering built in wardrobes and the second the versatility of a study or guest room. Sleek modern inclusions include the gourmet kitchen with plenty of cupboard space, and quality appliances. Additionally, it features a central secure entry, intercom, a European laundry and single basement parking.

All residents have exclusive access to the rooftop pool and gymnasium, plus enjoy the convenience of having a supermarket, cafs, florist and hairdresser on site.

Perfectly positioned on the fringe of the city, it's a stroll from beautiful parks, shops, cafs, transport and everything this sought-after area has to offer. It provides a perfect base for professionals and young families or an ideal portfolio prospect for an investor. Ready to move in and enjoy now, this home is an idyllic urban oasis.

Please don't hesitate to get in touch with our friendly team today to arrange an inspection!

Property Code: 414

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Property History for 408/162 Albert St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$587,000
23 Oct 2019
Listed for Rent
$588/w
08 Aug 2019
  • 23 Oct 2019
    Sold for $587,000
  • 02 Oct 2019
    Listed for Sale PRIVATE SALE $590,000
  • 22 Jul 2019
    Listed for Rent $2,557 / month
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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 5,755 properties. Over the last 5 years, Houses in East Melbourne have seen a -18.72% decrease in median value, while Units have seen a 8.82% increase. As at 30 November 2024:

  • The median value for Houses in East Melbourne is $3,150,238 while the median value for Units is $802,764.
  • Houses have a median rent of $1,100 while Units have a median rent of $625.
There are currently 36 properties listed for sale, and 28 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in East melbourne.

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