262 Albert Rd, South Melbourne is a 4 bedroom, 2 bathroom House with 4 parking spaces and was built in 1890. The property has a land size of 340m2 and floor size of 297m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Majestically situated directly opposite Albert Park Lake and advantaged by a second street frontage and two separate titles, this illustrious c1891 Victorian residence's impressive proportions, exquisite elegance and deep north-facing gardens deliver a multitude of exciting lifestyle and investment possibilities (STCA). The broad frontage of 6.7m width and overall land size of 452sqm (approx) offers an exceptional opportunity.
Glorious period detail including Baltic pine floors and ornate ceilings are displayed in the wide arched hall, gracious sitting room with a bay window and marble gas fire and the elegant formal dining room with a marble fireplace. The central gourmet kitchen boasting granite benches and Miele appliances overlooks a private courtyard with water feature. Beneath vaulted ceilings, the expansive and versatile living/family/media room with fitted home office, projector and screen opens to a large, paved terrace with BBQ kitchen, the 12 meter wide and deep private leafy north-facing garden, a picturesque swim jet spa pool and tandem garage accessed via Thomson Street. Upstairs, the beautiful main bedroom with a marble gas fire, walk in robe, marble en suite and home office opens to the full width balcony offering wonderful lake and park views. There are also two additional bedrooms, separate study/bedroom and a bathroom.
Just a short stroll to the market, Clarendon St shops and restaurants, trams and schools, it includes hydronic heating, powder-room, Euro-laundry and storage.
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 11,164 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:
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