201/348 Macaulay Road, Kensington, VIC 3031 | Property Value & History | OnTheHouse
OFF MARKET

201/348 Macaulay Road
Kensington VIC 3031

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 1195m2
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Last updated 31 Aug 2026
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Property Details for 201/348 Macaulay Rd, Kensington

201/348 Macaulay Rd, Kensington is a 3 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 1195m2.

Building Type
Unit
Land Size
1195m2
Local Government
Melbourne

Last Listing description (June 2026)

For the friends that are finally ready to do it properly. The couple that's been waiting for extra space worth committing to. The small family that needs room to actually spread out. If any of that sounds like you, this is the one.

The place that works whether you're sharing, settling down, or growing into something new. Enough room to actually live together without living on top of each other and a building that makes the whole thing feel less like a compromise and more like an upgrade.

This unfurnished three-bedroom, two-bathroom apartment has the kind of space that's hard to find. A generous living area, built-in wardrobes throughout, and floor-to-ceiling windows that bring in light from every angle. There's a balcony big enough to actually do something with. Electrolux appliances, split system air conditioning, and keyless Bluetooth entry throughout. Green Power and Wi-Fi are set up and ready from the moment you move in.

What's waiting for you in the building:
A fully equipped gym and yoga studio, coworking spaces, private dining, a cinema, games room, resident lounge, outdoor heated pool, BBQ area, pet wash station, secure bike storage, and an electric car share. Parking is also available to rent.

15-Month Lease Get Up to 12 Weeks Rent Free On Any 3 Bedroom Apartment
8 Weeks Free: 1 week off per month from Months 29
+4 Bonus Weeks: Apply within 48 hours of your first tour and get an extra 4 weeks off from Months 1013

2-Year Lease Get up to 16 Weeks Free On Any 3 Bedroom Apartment
12 Weeks Free: 1 week off per month from Months 213
+4 Bonus Weeks: Apply within 48 hours of your tour and get an extra 4 weeks off from Months 1922
No Rent Increase: Your rent stays the same for the entire second year.

3-Year Lease Get up to 16 Weeks Free + 4% Increase on the 3rd Year On Any 3 Bedroom Apartment
12 Weeks Free: 1 week off per month from Months 213
+4 Bonus Weeks: Apply within 48 hours of your tour and get an extra 4 weeks off from Months 1922
No Rent Increase: Your rent stays the same for the entire second year.
4% Increase On your third year: Based on your second years rent.

Apply within 48 hours of your tour and you also unlock a free storage cage, and free Wi-Fi for the lease term.
(All offers apply when you sign within 48 hours of viewing. T&Cs apply.)

The location:
Two Metro stops from the CBD, with parks, Woolworths, and public transport right on your doorstep.

Lease your way:
Terms available from 6 months to 5 years, with both onsite and virtual tours on offer.

Get in touch with the leasing team to book a time, or visit LocalKensington.com.au to explore all available floor plans across studio, one, two, and three-bedroom options.

Disclaimer: Images are indicative only. Floor plans are accurate representations of layout. Rent free offers are subject to availability and terms and conditions.

Property History for 201/348 Macaulay Rd, Kensington, VIC 3031

A timeline of how this property has performed in the market
  • 07 May 2026
    Listed for Rent $675 / week
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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 -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 12 properties listed for sale, and 9 properties listed for rent in Kensington on OnTheHouse. According to Cotality's data, 310 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.