402 Albert Street, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
OFF MARKET

402 Albert Street
East Melbourne VIC 3002

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 372m2
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Property Details for 402 Albert St, East Melbourne

Building Type
Commercial
Land Size
372m2
Local Government
Melbourne
Lot/Plan
1/TP893830

Last Listing description (November 2023)

Situated on the CBD fringe within the exclusive neighbourhood of East Melbourne, 400 & 402 Albert Street are both converted terrace house offices rich in character and history.

The immediate area boasts endless parkland amenity including Fitzroy/Treasury Gardens, Parliament Gardens and Carlton Gardens all of which offer a positive and healthy staff experience.

Features:

404 Albert Street
- Area: 193sqm*
- High Ceilings
- Split system air conditioning units
- Freshly painted tenancy
- 2 onsite car parks

402 Albert Street

- Area: 150-384sqm*
- High Ceilings
- New timber flooring
- Existing functional fit out
- Suites a variety of uses (STCA)
- Heating/cooling options: split systems, hydronic heating, ceiling fans.
- Consulting rooms with internal sinks
- 4 onsite car spaces

Rear of 400 Albert Street (Coach House)

- Area: 98sqm*
- Polished timber floors
- Split system air conditioning units
- Self-contained bathroom & kitchenette
- 2 onsite car spaces

Property History for 402 Albert St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$507,500
26 May 1993
Listed for Rent
16 Nov 2023
  • 16 Nov 2023
    Listed for Rent - Price not available
  • 16 Oct 2020
    Listed for Rent $115,000 / year
  • 12 Jun 2020
    Listed for Rent - Price not available
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About East Melbourne 3002

The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46.0% of total area. The population of East Melbourne in 2016 was 4964 people. By 2021 the population was 4896 showing a population decline of 1.4% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation.In 2021, 44.80% of the homes in East Melbourne were owner-occupied compared with 43.60% in 2016.

East Melbourne has 5,833 properties. Over the last 5 years, Houses in East Melbourne have seen a 57.51% increase in median value, while Units have seen a -12.63% decrease. As at 31 January 2026:

  • The median value for Houses in East Melbourne is $3,447,492 while the median value for Units is $753,149.
  • Houses have a median rent of $788 while Units have a median rent of $665.
There are currently 11 properties listed for sale, and 11 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 246 properties were sold in the past 12 months in East melbourne.

Suburb Insights for East Melbourne 3002

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.