OFF MARKET

42/1-29 Albert Road
Melbourne VIC 3004

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 143m2
Land area: 3585m2
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Property Details for 42/1-29 Albert Rd, Melbourne

42/1-29 Albert Rd, Melbourne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1964. The property has a land size of 3585m2 and floor size of 143m2. While the property is not currently for sale or for rent, it was last transferred in November 2021.

Building Type
Unit
Year Built
1964
Floor Size
143m2
Land Size
3585m2
Local Government
Port Phillip
Lot/Plan
42/PS332412

Property History for 42/1-29 Albert Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Transferred
16 Nov 2021
  • 16 Nov 2021
    Transferred
  • 07 Sep 2006
    Sold for $1,200,000
  • 09 Dec 2005
    Sold for $1,171,000
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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 13,429 properties. Over the last 5 years, Houses in Melbourne have seen a 10.42% increase in median value, while Units have seen a -4.84% decrease. As at 30 September 2024:

  • The median value for Houses in Melbourne is $1,244,874 while the median value for Units is $659,247.
  • Houses have a median rent of $628 while Units have a median rent of $630.
There are currently 91 properties listed for sale, and 42 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 621 properties were sold in the past 12 months in Melbourne.

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