SOLD
Sold on 02 Nov 2023 for $512,000

8/23-25 Albert Street
East Melbourne VIC 3002

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Floor area: 49m2
Land area: 440m2
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Property Details for 8/23-25 Albert St, East Melbourne

8/23-25 Albert St, East Melbourne is a 1 bedroom, 1 bathroom House with 2 parking spaces and was built in 1935. The property has a land size of 440m2 and floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom House sold in East Melbourne in the last 12 months.

Building Type
House
Year Built
1935
Floor Size
49m2
Land Size
440m2
Local Government
Melbourne
Lot/Plan
8/SP23315

Last Listing description (November 2023)

The prestige of an East Melbourne address need not just be reserved for a privileged few thanks to the promise and potential of this classic Art Deco apartment. Situated on a leafy boulevard within a boutique block of only 8, it offers first-time buyers and astute investors a rare opportunity to move into this premier postcode.

- Inner-city lifestyle in the heart of East Melbourne.
- Position at top rear of block provides peace and privacy.

- East facing aspect ensures a bright and light apartment.
- Quiet and spacious solid brick apartment well-presented now but offering further potential for a modern makeover on an easily manageable scale if desired.
- First time offered in over 50 years!
- Comfortable lounge in addition to a separate kitchen with warm timber cabinets and space for a washing machine.
- Spacious bedroom with a generous stretch of wardrobes.
- Practical central bathroom.
- 2 parking permits available (STCA).
- Potential rent of approximately $420 per week ($21,840pa approx.)
- Owners' corporation fees $675 per quarter approx.

Steps to Powlett Reserve, the MCG, Tennis Centre, and major hospitals. Close to Fitzroy Gardens and a direct walk to the top end of the city. This lifestyle location is well-serviced by public transport and a short distance of some of Melbourne's best dining destinations including Smith, Gertrude & Brunswick streets.

Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.

The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.

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Property History for 8/23-25 Albert St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$512,000
02 Nov 2023
Listed for Rent
$300/w
27 May 2021
  • 02 Nov 2023
    Sold for $512,000
  • 19 Oct 2023
    Listed for Sale Contact Agent
  • 19 Feb 2021
    Listed for Rent $300 / 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 5,742 properties. Over the last 5 years, Houses in East Melbourne have seen a 10.08% increase in median value, while Units have seen a -12.96% decrease. As at 31 July 2024:

  • The median value for Houses in East Melbourne is $3,150,999 while the median value for Units is $757,779.
  • Houses have a median rent of $1,100 while Units have a median rent of $600.
There are currently 38 properties listed for sale, and 21 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 230 properties were sold in the past 12 months in East melbourne.

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