SOLD
RECENT ADVICE
Sold on 20 Nov 2024 for $560,000

704/162 Albert Street
East Melbourne VIC 3002

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 704/162 Albert St, East Melbourne

704/162 Albert St, East Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in East Melbourne in the last 12 months.

Building Type
Unit

Last Listing description (November 2024)

Inspect by Appointment Only – Call Agent or Register Below

This stunning 2-bedroom apartment offers an enviable lifestyle with a prime location near the culinary hotspots of Lygon and Brunswick Streets. Step into a light-filled, open-plan living space adorned with rich, warm floorboards, leading to a designer kitchen featuring a sleek stone countertop, gas cooktop, and breakfast bar. Both bedrooms come with built-in robes, while the modern bathroom offers ample space and style.

Enjoy the convenience of a Euro laundry, heating, and a private balcony for your morning coffee or evening relaxation. The secure basement car park ensures peace of mind, and the complex provides communal amenities like a sun deck, pool, and brand-new gym equipment.

With a boutique shopping promenade at your doorstep, you'll have easy access to cafes, a wine bar, takeout options, and an IGA supermarket. Effortlessly connect to the CBD and nearby parklands, making this architecturally renowned development an ideal choice for those seeking a dynamic urban lifestyle.

Property History for 704/162 Albert St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$560,000
20 Nov 2024
Listed for Rent
$450/w
22 Dec 2021
  • 20 Nov 2024
    Sold for $560,000
  • 09 Oct 2024
    Listed for Sale $550,000 - $600,000
  • 27 Aug 2021
    Listed for Rent $450 / week
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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 37 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.

Suburb Insights for East Melbourne 3002

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John Rombotis
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Julie Zucha
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OBrien Real Estate Keysborough
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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.