16 Ridley StreetAlbion VIC 3020
Property Details for 16 Ridley St, Albion
16 Ridley St, Albion is a 30 bedroom, 20 bathroom BlockOfUnits with 10 parking spaces. The property has a land size of 1170m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 30 bedroom BlockOfUnits sold in Albion in the last 12 months.
Last Listing description (March 2026)
An extraordinary chance to secure a substantial freehold holding with limitless potential, this former 31-bedroom rooming house is being offered to the market by auction only – stripped back to its quality bones and ready for its next chapter.
Set on an expansive 1,170sqm (approx.) allotment, the building has been cleared internally, providing a blank canvas for developers, builders, and visionaries to reimagine, redesign and revitalise (STCA). Whether you're considering reinstating rooming accommodation, creating a boutique residential development, exploring supported accommodation, or transforming the site entirely, the foundations are here for something truly special.
With its solid underlying structure and significant land component, this is a rare opportunity to capitalise on the scale, flexibility and future growth potential of such a substantial property.
Key Highlights:
*Former 31-bedroom rooming house
*26 Bathrooms and 26 Toilets
*4 Kitchens and 2 Laundry's
*Generous 1,170sqm (approx.) landholding
*Stripped back internally – ready for renovation or redevelopment
*Exceptional scope for value-add (STCA)
*To be sold via Auction only - purchaser must attend on site auction.
Opportunities of this size and versatility are seldom offered. Bring your vision, your architect and your ambition – and unlock the full potential of this remarkable property.
Property History for 16 Ridley St, Albion, VIC 3020
- 28 Mar 2026Sold for $2,814,000
- 03 Mar 2026Listed for Sale SOLD BY DOUGLAS KAY
- 15 Aug 1990Sold for $865,000
Recent sales nearby
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0About Albion 3020
The size of Albion is approximately 2.5 square kilometres. It has 8 parks covering nearly 23.6% of total area. The population of Albion in 2016 was 4731 people. By 2021 the population was 4334 showing a population decline of 8.4% in the area during that time. The predominant age group in Albion is 30-39 years. Households in Albion are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion work in a professional occupation.In 2021, 50.80% of the homes in Albion were owner-occupied compared with 48.50% in 2016.
Albion has 2,753 properties. Over the last 5 years, Houses in Albion have seen a 13.72% increase in median value, while Units have seen a 2.64% increase. As at 31 March 2026:
- The median value for Houses in Albion is $807,026 while the median value for Units is $429,169.
- Houses have a median rent of $505 while Units have a median rent of $393.
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