5/3 Faussett StreetAlbert Park VIC 3206
Property Details for 5/3 Faussett St, Albert Park
5/3 Faussett St, Albert Park is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2018. The property has a land size of 233m2 and floor size of 146m2. While the property is not currently for sale or for rent, it was last sold in November 2024.
Last Listing description (November 2024)
Commanding a prime position above Albert Park Village, this incredibly stylish and beautifully planned penthouse showcases an exceptional blend of elegance and sophistication designed for those who crave a vibrant lifestyle. With impressive proportions inside and out, it promises the perfect backdrop for both lavish entertaining and quiet, effortless living, just steps from the area's renowned boutiques, restaurants, and caf scene.
Exclusive, direct lift access reveals brilliantly designed interiors where the separate living and dining rooms each open to a broad entertainer's terrace through bi-fold doors, allowing seamless integration with the outdoors. Take in the aroma of coffee below while village life unfolds before you, with the sublime gourmet kitchen acting as a true centrepiece, boasting stone benches and quality Miele appliances, with an island bench that keeps the host effortlessly connected to each space.
The versatile accommodation includes a beautiful main bedroom with a private balcony, designer en-suite, walk-in robe, and spacious second bedroom with a study areaeasily converted into two rooms to incorporate a study if required. A stylish bathroom, RC/air conditioning, alarm, video intercom, laundry, and exclusive private lift to double car garage round out this sophisticated lock-and-leave lifestyle, steps from trams and a short walk to MSAC, Albert Park Lake, the beach and the light rail.
Property History for 5/3 Faussett St, Albert Park, VIC 3206
- 21 Nov 2024Sold for $2,000,000
- 08 Oct 2024Listed for Sale Under Contract
- 12 Jul 2016Sold for $1,850,000
Recent sales nearby
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0About 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 3,646 properties. Over the last 5 years, Houses in Albert Park have seen a 16.33% increase in median value, while Units have seen a 3.64% increase. As at 31 December 2025:
- The median value for Houses in Albert Park is $2,454,155 while the median value for Units is $885,928.
- Houses have a median rent of $983 while Units have a median rent of $628.
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