4/40 Mills St, Albert Park is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2005. The property has a floor size of 87m2.
Elevated luxury, literally as well as figuratively, defines this contemporary apartment, enhanced by a location that s perfectly poised above cafes, moments from trams, with the beach at the end of the street. Polished floorboards and reverse cycle heating/cooling complement a living/dining area that s framed by a private balcony and a kitchen zone featuring sophisticated finishes and fittings. The main bedroom with an impressive ensuite enjoys access to a second balcony, while both bedrooms are fitted with built in robes. A second bathroom completes the designer space of an apartment also offering the huge inner city advantage of two car spaces and dual storage cages. Ideal in every way.
The size of Albert Park is approximately 2.8 square kilometres. There are 10 parks, covering nearly 55.1% of the 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:
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