5/246 Albert Street, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
OFF MARKET

5/246 Albert Street
East Melbourne VIC 3002

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 63m2
Land area: 1012m2
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Last updated 6 Jul 2026
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Property Details for 5/246 Albert St, East Melbourne

5/246 Albert St, East Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1930. The property has a land size of 1012m2 and floor size of 63m2.

Building Type
Unit
Year Built
1930
Floor Size
63m2
Land Size
1012m2
Local Government
Melbourne
Lot/Plan
5/RP18561

Last Listing description (December 2025)

Sweeping views directly over the Fitzroy Gardens to the city skyline provide a peaceful and picturesque backdrop to the beautifully renovated spaces of this stunning apartment. Tucked away in prominent Toorak architect Robert B. Hamiltons exclusive Sherwood building, this Art Deco era apartment was originally described as a new modern, dignified city home and after a comprehensive contemporary transformation that depiction is now as relevant as ever. Large older-style proportions, expanses of park-side glazing and carefully-curated layers of designer brilliance combine in an oversized, top-floor interior setting where at every turn is an uninterrupted vista of elegant tall trees, open-air greenery and further to Saint Patricks Cathedral and the citys skyscrapers. A superb separation of space defines the single-level floorplan launched by an inviting entrance hallway leading to an impressive living and dining room featuring a gas fireplace and direct access out to an amazing park-view balcony. Top-line European appliances including an induction cooktop and natural stone surfaces combine in a sublime gourmet kitchen with a north-facing breakfast bench, while further is a chic streamlined bathroom with a frameless-glass shower and a laundry area. Accommodation is suitably spacious and consists of 2 bright bed-rooms where a second is fitted with a desk and storage while the huge main with its wonderful views incorporates a ceiling fan and extensive built-in robes. Additional attributes of this substantial home include split-system air-conditioning units, electric panel heaters, polished oak floorboards and quality soft furnishings, plus a secure parking space on title. This exquisite apartment in a tightly-held, low-rise boutique block presents an extraordinary city-edge lifestyle opportunity on the park with perfect proximity to Melbournes landmark amenities including the MCG and Rod Laver Arena, Gertrude Street cafes, CBD restaurants, arts and theatre districts, trams and East Melbournes hospitals/medical precinct.

Property History for 5/246 Albert St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Listed for Rent
$800/w
03 Oct 2025
  • 19 Aug 2025
    Listed for Rent $800 / week
  • 18 Jun 2025
    Listed for Sale $1,400,000
  • 15 Jul 2024
    Listed for Rent $720 / week
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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 5,825 properties. Over the last 5 years, Houses in East Melbourne have seen a -9.53% decrease in median value, while Units have seen a 2.15% increase. As at 30 June 2026:

  • The median value for Houses in East Melbourne is $3,075,667 while the median value for Units is $780,890.
  • Houses have a median rent of $950 while Units have a median rent of $680.
There are currently 15 properties listed for sale, and 12 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 237 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.