SOLD
Sold on 11 Mar 2024 for $650,000

1508/38 Albert Road
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 74m2
Sold By
AZeta Real Estate
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Property Details for 1508/38 Albert Rd, South Melbourne

1508/38 Albert Rd, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2013. The property has a floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit
Year Built
2013
Floor Size
74m2
Local Government
Port Phillip
Lot/Plan
1508/PS638816

Last Listing description (March 2024)

Perched on the 15th floor of Albert Tower, this two-bedroom apartment presents awe-inspiring views of Albert Park. Nestled in one of South Melbourne's sought-after buildings, the newly constructed ANZAC station is conveniently located, with the Botanic Gardens, Alfred Hospital Precinct, South Melbourne Market, and the CBD just a stroll away.

The sun-filled open-plan living/dining zone showcases luxury and quality, featuring a modern kitchen with premium Miele appliances and stone benchtops. The generous main bedroom includes a lavish ensuite/WIR, complemented by a robed second bedroom, split system heating/AC, a sizable entertaining balcony, and a designated car space. The state-of-the-art kitchen is equipped with stone benchtops, mirrored splashbacks, stainless steel appliances, a gas cooktop, and a dishwasher. Glass sliding doors in the living area open to a balcony with views stretching to the Shrine of Remembrance and Port Phillip Bay. The main bathroom is conveniently situated, and the other bedroom features mirrored robes and an ensuite bathroom.

Residents of Albert Tower enjoy access to amenities like a gym, sauna, and rooftop terrace. Additional highlights encompass a Euro laundry and secure intercom entrance, ensuring a lifestyle of opulence and security.

Property History for 1508/38 Albert Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$650,000
11 Mar 2024
Listed for Rent
$560/w
06 Aug 2015
  • 11 Mar 2024
    Sold for $650,000
  • 22 Jan 2024
    Listed for Sale $650,000
  • 10 Apr 2015
    Listed for Rent - Price not available
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About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2011 was 9,317 people. By 2016 the population was 10,892 showing a population growth of 16.9% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation. In 2011, 44.8% of the homes in South Melbourne were owner-occupied compared with 40.2% in 2016.

South Melbourne has 11,171 properties. Over the last 5 years, Houses in South Melbourne have seen a 9.87% increase in median value, while Units have seen a 2.12% increase. As at 31 October 2024:

  • The median value for Houses in South Melbourne is $1,619,416 while the median value for Units is $605,499.
  • Houses have a median rent of $700 while Units have a median rent of $625.
There are currently 34 properties listed for sale, and 55 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 414 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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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.