OFF MARKET

406/255 Racecourse Road
Kensington VIC 3031

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 56m2
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Property Details for 406/255 Racecourse Rd, Kensington

406/255 Racecourse Rd, Kensington is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2013. The property has a floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in December 2018.

Building Type
Unit
Year Built
2013
Floor Size
56m2
Local Government
Melbourne
Lot/Plan
406/PS640902

Last Listing description (January 2019)

The Architecturally designed Boutique 'Newmarket Apartments' make a significant contemporary contribution to a streetscape that's constantly evolving due to the emergence of new cafes whilst being surrounded by 4 train stations (Newmarket, Kensington, Flemington Bridge, Macaulay) Restaurants, shops and just 3 km from the CBD.
This sophisticated 62.5m2 apartment makes the most of such a great setting by providing, secure, stylish proportions including a living/dining area served by a stone and stainless steel kitchen fitted with Bosch appliances. The balcony with uninterrupted City views, double bedroom and separate bathroom enhance entry level luxury, separate study with built in desk/storage, reverse cycle heating/cooling, European laundry, lift access, undercover basement car parking with storage cage and video security.
Located on the south side of the block (facing the city, not Racecourse Rd) this quiet apartment has great access to the Royal Children's hospital, University of Melbourne, trams, arts precinct and CityLink.

NOTE: Leased for $400 per week until 17/10/2018. Approx gross 5% rental return! You have the choice to continue renting or move in yourself! Low annual Body Corporate fees another bonus!
Placed perfectly in the heart of the Racecourse Rd precinct, with trams and cafes at your doorstep, the address could hardly be more convenient.
European laundry, inbuilt desk/storage, visual intercom, lift access and secure basement car space with storage locker. Close to Newmarket restaurants, shops,

Property History for 406/255 Racecourse Rd, Kensington, VIC 3031

A timeline of how this property has performed in the market
Last Sold
$385,000
18 Dec 2018
Listed for Rent
$400/w
03 Nov 2018
  • 18 Dec 2018
    Sold for $385,000
  • 25 Oct 2018
    Listed for Rent - Price not available
  • 22 Aug 2018
    Listed for Sale Not Disclosed
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About Kensington 3031

The size of Kensington is approximately 2.1 square kilometres. It has 19 parks covering nearly 13.6% of total area. The population of Kensington in 2011 was 9,718 people. By 2016 the population was 10,833 showing a population growth of 11.5% in the area during that time. The predominant age group in Kensington is 30-39 years. Households in Kensington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kensington work in a professional occupation. In 2011, 47.6% of the homes in Kensington were owner-occupied compared with 45.3% in 2016.

Kensington has 6,513 properties. Over the last 5 years, Houses in Kensington have seen a 1.93% increase in median value, while Units have seen a -0.17% decrease. As at 31 October 2024:

  • The median value for Houses in Kensington is $1,143,562 while the median value for Units is $552,234.
  • Houses have a median rent of $675 while Units have a median rent of $550.
There are currently 19 properties listed for sale, and 8 properties listed for rent in Kensington on OnTheHouse. According to CoreLogic's data, 262 properties were sold in the past 12 months in Kensington.

Suburb Insights for Kensington 3031

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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.