253 Danks Street, Albert Park, VIC 3206 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
$5,500,000 - $6,000,000

253 Danks Street
Albert Park VIC 3206

Bedrooms: 9
Bathrooms: 9
Car spaces: 9
Land area: 630m2
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Auction Time
Sat 30 May 10:00 am
Inspection Times
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Prime Albert Park Landholding with Exceptional Development Potential

Inspections via appointment only.
Positioned within one of Melbourne's most tightly held bayside enclaves, this exceptional Albert Park opportunity presents a substantial 630sqm (approx.) allotment with outstanding scope for future development.
Currently occupying the site is a substantial three-level building comprising nine one-bedroom apartments on a one title, to be offered with vacant possession-delivering a rare and highly flexible blank canvas for developers, investors, or those with a vision to create something truly special.
Located just 150 metres from Port Phillip Bay and only moments from the Melbourne CBD, this prominent corner site offers remarkable potential (STCA). Whether your vision includes luxury townhouses, boutique residences, or a premium apartment development, the possibilities here are extensive.
Enjoying a coveted lifestyle setting, the property is within easy reach of Albert Park and Middle Park villages, MSAC, South Melbourne's renowned shopping and dining precinct, and the picturesque foreshore. Along with excellent public transport options and everyday amenities, the location is second to none.
Zoned General Residential and offered with flexible settlement terms and a 10% deposit, this is an exceptionally rare opportunity in a market where land of this scale and positioning is increasingly scarce.
253 Danks Street ALBERT PARK
Auction 10.00am Saturday 30th May
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Property Details for 253 Danks St, Albert Park

253 Danks St, Albert Park is a 9 bedroom, 9 bathroom BlockOfUnits with 9 parking spaces. The property has a land size of 630m2. The place is currently for sale with Meadows Property Group.

Building Type
BlockOfUnits
Land Size
630m2
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About Albert Park 3206

The size of Albert Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 55.1% of total area. The population of Albert Park in 2016 was 6215 people. By 2021 the population was 6044 showing a population decline of 2.8% in the area during that time. The predominant age group in Albert Park is 50-59 years. Households in Albert Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Albert Park work in a professional occupation.In 2021, 60.80% of the homes in Albert Park were owner-occupied compared with 58.90% in 2016.

Albert Park has 3,640 properties. Over the last 5 years, Houses in Albert Park have seen a 11.08% increase in median value, while Units have seen a -5.75% decrease. As at 30 April 2026:

  • The median value for Houses in Albert Park is $2,383,848 while the median value for Units is $819,276.
  • Houses have a median rent of $1,000 while Units have a median rent of $628.
There are currently 2 properties listed for sale, and 2 properties listed for rent in Albert park on OnTheHouse. According to Cotality's data, 182 properties were sold in the past 12 months in Albert park.

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Greg Meadows
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Georgie Brown
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Meadows Property Group
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