501/196-206 Albert RoadSouth Melbourne VIC 3205
Property Details for 501/196-206 Albert Rd, South Melbourne
501/196-206 Albert Rd, South Melbourne is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. The property has a floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in May 2001.
Last Listing description (April 2021)
This large apartment is located directly opposite Albert Park Lake. Generous open plan living/dining opens onto a fantastic terrace boasting stunning panoramic views across Albert Park Lake, Grand Prix track and St Kilda Road. Features two generous sized carpeted bedrooms with built-in robes, master bedroom with ensuite including bath, large sparkling central bathroom and a third bedroom/study. Sleek stainless steel gourmet kitchen with granite bench-tops, extra-large rotisserie oven, five-burner gas cook top, European appliances, ample cupboard space.
Additional features include marble tiling throughout living area, split syste, conditioning/heating, video security intercom entrance, two secure remote access undercover car spaces (stacking system) plus secure visitor parking, use of resident-only gym, lounge plus a fully licensed cafe on ground level. Close proximity to public transport, Clarendon Street shopping facilities, South Melbourne Market and CBD.
Property History for 501/196-206 Albert Rd, South Melbourne, VIC 3205
- 14 Apr 2021Listed for Rent $725 / week
- 30 May 2019Listed for Rent - Price not available
- 05 May 2017Listed for Rent $750 / week
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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 11,164 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:
- 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.
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