1/7-9 Rankins Road, Kensington, VIC 3031 | Property Value & History | OnTheHouse
OFF MARKET

1/7-9 Rankins Road
Kensington VIC 3031

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 92m2
Land area: 586m2
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Property Details for 1/7-9 Rankins Rd, Kensington

1/7-9 Rankins Rd, Kensington is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 586m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
Unit
Year Built
2008
Floor Size
92m2
Land Size
586m2
Local Government
Melbourne
Lot/Plan
1/PS604200

Last Listing description (February 2021)

*Please register your interest for this property so that we can ensure you are included in the Auction and/or contacted in the event the property is going to be sold prior to the Auction 27 February at 10:00am. Please contact us via email or phone to speak about your options to inspect this property. Thank you.*

In a tree-lined street with the best of Kensington and Flemington at your doorstep, this ground-floor abode is a must-see for professionals and investors alike with its quality inclusions, oversized floorplan and impressive outdoor space to enjoy. One of only 15 in a secure low-rise complex, the apartment itself comprises two spacious bedrooms (master with WIR) complemented by a stylish two-way central bathroom with stone-top vanity and floor-to-ceiling tiles. Highlighting the home's perfect proportions is an expansive open-plan living/dining area complemented by a well-appointed kitchen complete with stone benches, tiled splashbacks, stainless steel cooking appliances and dishwasher. Other stand-out features include a wonderfully wide courtyard (accessed via the living area and master bedroom), split-system heating and cooling (two units), European laundry with trough and high square-set ceilings throughout, plus the added advantage of a secure entrance foyer, lower-level parking space and large storage cage. Moments from Racecourse Road's array of cafes, restaurants, shops and supermarkets, it's also walking distance to Newmarket and Kensington stations, trams to university/hospital precincts, as well as close proximity to the Moonee Ponds Creek Trail and easy access to Citylink.

Currently leased to excellent tenants at $1,955 per month until June 2021.

*Nelson Alexander Update*
All Nelson Alexander open for inspections and auctions are conducted in accordance with the latest government guidelines. We may request you to wear a mask, use hand sanitiser, refrain from touching any items/fixtures and doors and ask you to provide your contact details. We appreciate your assistance.

Property History for 1/7-9 Rankins Rd, Kensington, VIC 3031

A timeline of how this property has performed in the market
Last Sold
$551,500
16 Feb 2021
Listed for Rent
$450/w
23 Jun 2020
  • 16 Feb 2021
    Sold for $551,500
  • 03 Feb 2021
    Listed for Sale Auction $510,000 - $560,000
  • 04 Jun 2020
    Listed for Rent - Price not available
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About Kensington 3031

The size of Kensington is approximately 2.1 square kilometres. There are 19 parks, covering nearly 13.6% of the total area. The population of Kensington in 2016 was 10812 people. By 2021 the population was 10745 showing a population decline of 0.6% in the area during that time. The predominant age group in Kensington is 30-39 years. Households in Kensington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kensington work in a professional occupation.In 2021, 48.70% of the homes in Kensington were owner-occupied compared with 45.30% in 2016.

Kensington has 7,736 properties. Over the last 5 years, Houses in Kensington have seen a -12.65% decrease in median value, while Units have seen a -5.02% decrease. As at 31 August 2026:

  • The median value for Houses in Kensington is $1,068,737 while the median value for Units is $564,458.
  • Houses have a median rent of $748 while Units have a median rent of $615.
There are currently 13 properties listed for sale, and 7 properties listed for rent in Kensington on OnTheHouse. According to Cotality's data, 308 properties were sold in the past 12 months in Kensington.

Suburb Insights for Kensington 3031

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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.