1 Mercantile Parade, Kensington, VIC 3031 | Property Value & History | OnTheHouse
OFF MARKET

1 Mercantile Parade
Kensington VIC 3031

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 100m2
Land area: 241m2
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Property Details for 1 Mercantile Pde, Kensington

1 Mercantile Pde, Kensington is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 241m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Floor Size
100m2
Land Size
241m2
Local Government
Melbourne
Lot/Plan
6/PS431293

Last Listing description (March 2022)

6 MONTH LEASE PREFERRED

Perfectly positioned in a leafy streetscape, moments from the Old Stock Route, this remarkable residence delivers an environment of family proportions thanks to its triple-storey floorplan, long list of inclusions and spacious outdoors to enjoy. Corner positioned for an abundance of natural light, the home's eminently versatile interior comprises five bedrooms (all with built-in robes) complemented by a master ensuite and two additional bathrooms - all with granite-top vanities and floor-to-ceilings tiles. Further underscoring its adaptable design is a separate lounge, study/retreat, enormous rumpus/living room (top-floor) and open family/meals area accompanied by a granite-bench kitchen with breakfast bar, stainless steel cooking appliances and dishwasher. Other highlights of the home include ducted heating, evaporative cooling and additional split-system air conditioning, ducted vacuum, video intercom and motorized security shutters all-round, as well as an under-stair storeroom, full-size laundry and fourth WC. Step outside to discover the large backyard garden complete with northerly aspect, gazebo/BBQ area and high fences for outstanding privacy, plus a remote-control garage and second secure parking space (both accessed via Flockhart Street). Also walking distance to Riverside Park and endless Maribyrnong River trails, it offers easy access to Macaulay Road shops and cafes, popular primary schools, Racecourse and Showgrounds, as well as both Kensington and South Kensington train stations.

Property History for 1 Mercantile Pde, Kensington, VIC 3031

A timeline of how this property has performed in the market
Last Sold
$1,750,000
19 Nov 2021
Listed for Rent
$850/w
24 Mar 2022
  • 03 Feb 2022
    Listed for Rent $850 / week
  • 19 Nov 2021
    Sold for $1,750,000
  • 04 Nov 2021
    Listed for Sale Auction $1,650,000 - $1,700,000
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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 7,734 properties. Over the last 5 years, Houses in Kensington have seen a -13.78% decrease in median value, while Units have seen a -6.10% decrease. As at 31 July 2026:

  • The median value for Houses in Kensington is $1,099,858 while the median value for Units is $556,240.
  • Houses have a median rent of $740 while Units have a median rent of $600.
There are currently 13 properties listed for sale, and 8 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.