505/162 Albert Street, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
OFF MARKET

505/162 Albert Street
East Melbourne VIC 3002

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 8358m2
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Property Details for 505/162 Albert St, East Melbourne

505/162 Albert St, East Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1880. The property has a land size of 8358m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
Unit
Year Built
1880
Land Size
8358m2
Local Government
Melbourne
Lot/Plan
505V/PS501398

Last Listing description (February 2025)

Nestled in the highly desirable 'Tribeca' building, this newly renovated two-bedroom apartment is the epitome of modern urban living. Located just moments from the CBD, it offers unparalleled convenience with an abundance of trendy restaurants, cafes, and public transport options just steps away.

The apartment boasts two generously sized bedrooms, both with built-in robes for ample storage. Polished wooden floorboards flow throughout the entire space, adding warmth and elegance to the open-plan living and dining area. The expansive living room is perfect for both relaxation and entertaining, featuring a split system air-conditioning unit to ensure year-round comfort.

The sleek, contemporary kitchen is fitted with high-end stainless steel appliances, including a dishwasher and a refrigerator. The kitchen offers plenty of counter space for cooking enthusiasts. The central bathroom is stylishly appointed, with modern fixtures and finishes, and includes a convenient European laundry.

Step outside onto your private balcony, a peaceful retreat with enough space for a small outdoor setting. Ceiling fans throughout the apartment ensure a refreshing breeze, complementing the natural light streaming in through large windows.

Residents of the Tribeca building enjoy an array of premium amenities, including a fully equipped gymnasium, a rooftop pool offering panoramic views of the city, and 24/7 onsite security for peace of mind. The rooftop terrace is perfect for unwinding, while a dedicated onsite building manager ensures everything runs smoothly.

With its combination of prime location, luxurious finishes, and world-class amenities, this apartment offers a lifestyle of comfort and convenience in the heart of one of the city's most sought-after neighborhoods.

Property History for 505/162 Albert St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$508,000
14 Dec 2020
Listed for Rent
$530/w
23 Aug 2023
  • 03 Feb 2025
    Listed for Rent $600 / week
  • 21 Feb 2022
    Listed for Rent $475 / week
  • 14 Dec 2020
    Sold for $508,000
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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 5,826 properties. Over the last 5 years, Houses in East Melbourne have seen a -7.52% decrease in median value, while Units have seen a -5.15% decrease. As at 30 September 2026:

  • The median value for Houses in East Melbourne is $3,164,811 while the median value for Units is $748,202.
  • Houses have a median rent of $1,333 while Units have a median rent of $675.
There are currently 19 properties listed for sale, and 11 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 219 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.