40 Melville St, Albany is a 3 bedroom, 1 bathroom House and was built in 1935. The property has a land size of 901m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Albany in the last 12 months.
Situated in a beautiful area of Albany featuring a blend of quality character-filled and contemporary properties, this captivating 1930s Princess Royal Harbour view gem presents a rare opportunity for astute buyers.
Enhance the existing property and savour inner-city living, or reap long-term rent rewards, or consider the potential to subdivide.
There is no doubt this property is destined to either capture the hearts and imaginations of prospective owner-occupiers, or prove irresistible to speculators.
The size of Albany is approximately 2.4 square kilometres. It has 6 parks covering nearly 8.1% of total area. The population of Albany in 2011 was 1,463 people. By 2016 the population was 1,310 showing a population decline of 10.5% in the area during that time. The predominant age group in Albany is 60-69 years. Households in Albany are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albany work in a professional occupation. In 2011, 60.3% of the homes in Albany were owner-occupied compared with 61.7% in 2016.
Albany has 1,365 properties. Over the last 5 years, Houses in Albany have seen a 71.47% increase in median value, while Units have seen a 40.72% increase. As at 30 November 2024:
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