48 Lambeth Street, Kensington, VIC 3031 | Property Value & History | OnTheHouse
 
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48 Lambeth Street
Kensington VIC 3031

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Last updated 21 Sep 2026
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Property Details for 48 Lambeth St, Kensington

48 Lambeth St, Kensington is a 2 bedroom, 1 bathroom House and was built in 1900. While the property is not currently for sale or for rent, it was last sold in July 2018.

Building Type
House
Year Built
1900
Local Government
Melbourne
Lot/Plan
1/TP250206

Last Listing description (August 2018)

2 bedroom house

Totally-Refurbished and Immaculately-Presented Terrace Home
You ll struggle to find any inner-city property much cuter than this surprisingly spacious light filled single-level terrace! From its delicate front fa ade cast iron lace work, through high-ceiling original and contemporary interiors, polished timber floors, to a beautifully-crafted rear garden courtyard, with adorable studio/3rd bedroom nestled in the back overlooking the garden. This wonderful home exudes stylish elegance from start to finish. Thoughtful refurbishment with high energy efficiency design as well as loads of discreet storage throughout. Located close to cosmopolitan cafes and restaurants, university and only two train stops from Spencer St and the CBD, this home is a fantastic urban lifestyle choice for professional couples, young families, retirees, first home buyers and investors.

Features: Free Standing House

Versatile studio or 3rd Bedroom
An abundance of storage space
Open plan Kitchen and entertainment area
Instantaneous hot water service
Traditional front verandah, iron work, garden and gated entry
Feature Victorian fireplace, ornate cornices, ceiling roses, hall archways
Standout front living room with soaring extra-high ceiling
Hallway entry past bedrooms and bathroom to open plan kitchen/dining zone
Main bedroom with 2 BIRs, French door access through to rear courtyard
2nd bedroom with ample built in storage and loads of natural light
Chic bathroom with laundry facilities, oversized vanity, WC, bath with shower
Modern kitchen/dining zone with high pitched roof, light and airy ambiance
Kitchen features wooden benchtops, oven, gas cooktop, dishwasher
Wide French doors flowing out to alfresco entertaining area
Delightful sun-drenched and private rear courtyard with wall garden
Self-contained rear studio with optional use as 3rd bedroom
Beautiful polished timber flooring throughout, ample storage, garden shed
Reverse-cycle air conditioning, fully insulated, select double glazing and high EER

Location: Only a short stroll through charming, quiet streets to local Newmarket and Kensington supermarkets and Stations, as well as Racecourse Rd trams. Walking distance to universities, and even the CBD. Racecourse Rd and Macaulay Rd offer great eateries and nightlife only moments away. Easy Citylink access to greater Melbourne and Tullamarine airport.

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Property History for 48 Lambeth St, Kensington, VIC 3031

A timeline of how this property has performed in the market
Last Sold
$1,020,000
17 Jul 2018
  • 01 Aug 2018
    Sold for $1,020,000
  • 11 May 2018
    Listed for Sale Under Offer
  • 25 Jul 2010
    Listed for Sale Not Disclosed
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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, 307 properties were sold in the past 12 months in Kensington.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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