408 Albert Street, East Melbourne, VIC 3002 sold on 22 October 2025 | OnTheHouse
SOLD
Sold on 22 Oct 2025 for $2,970,000

408 Albert Street
East Melbourne VIC 3002

Bedrooms: 2
Bathrooms: -
Car spaces: -
Land area: 287m2
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Property Details for 408 Albert St, East Melbourne

Building Type
Commercial
Land Size
287m2
Local Government
Melbourne
Lot/Plan
2/PS328880

Last Listing description (February 2022)

Classic Victorian features Office building:

Total area: 266sqm

Whole building available
Incredible location and amenity

Asking $84000pa. Excellent rent free

For inspection contact: Philip Prowse 0418997319 or
Warrick Mak 0466180818

Property History for 408 Albert St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$2,970,000
22 Oct 2025
Listed for Rent
$1.53k/w
03 Feb 2022
  • 22 Oct 2025
    Sold for $2,970,000
  • 06 Apr 2020
    Listed for Rent - Price not available
  • 18 Jun 2006
    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. There are 10 parks, covering nearly 46.0% of the 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 5,823 properties. Over the last 5 years, Houses in East Melbourne have seen a 24.75% increase in median value, while Units have seen a 5.00% increase. As at 30 April 2026:

  • The median value for Houses in East Melbourne is $3,063,648 while the median value for Units is $816,156.
  • Houses have a median rent of $1,000 while Units have a median rent of $700.
There are currently 14 properties listed for sale, and 18 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 258 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.