512/55 Queens Road, Melbourne, VIC 3004 | Property Value & History | OnTheHouse
 
OFF MARKET

512/55 Queens Road
Melbourne VIC 3004

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 96m2
Land area: 4658m2
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Last updated 12 Oct 2026
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Property Details for 512/55 Queens Rd, Melbourne

512/55 Queens Rd, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 4658m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
2008
Floor Size
96m2
Land Size
4658m2
Local Government
Port Phillip
Lot/Plan
512/PS542638

Last Listing description (October 2026)

Positioned opposite Albert Park Lake, this impressive apartment delivers house-like proportions, sweeping outlooks across Albert Park Lake and Port Phillip Bay, and the lifestyle advantages of one of Melbournes most appealing lakeside addresses. The generous dual-level layout provides excellent separation between living and accommodation, with expansive open plan living flowing to a covered balcony that makes the most of the spectacular outlook.

Property Features:
Expansive open plan living and dining area

Covered balcony with Albert Park Lake and bay views
Contemporary stone kitchen with island bench, gas cooking and quality appliances
Two generous bedrooms with built in robes
One bedroom with private ensuite
Separate study, ideal for working from home
Central bathroom with European laundry
Secure basement car space
Secure intercom entry

Building Facilities:
Indoor heated swimming pool
Fully equipped gym
Beautifully maintained communal gardens
Secure building with onsite management

Lifestyle Location:
Directly opposite Albert Park Lake, this exceptional address places lakeside walking and cycling trails, open parkland and the sporting facilities of MSAC within immediate reach. St Kilda Road trams provide an easy connection to the CBD and surrounding inner-city precincts, while nearby Fitzroy Street offers cafes, restaurants and everyday conveniences. St Kilda Beach, Albert Park Village and the dining and entertainment of Chapel Street are also easily accessible, creating an outstanding lifestyle shaped by waterfront recreation, city connectivity and some of Melbournes most recognised destinations.

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Property History for 512/55 Queens Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
$707,777
08 Mar 2023
Listed for Rent
$600/w
24 Mar 2022
  • 19 Aug 2026
    Listed for Sale $675,000
  • 08 Mar 2023
    Sold for $707,777
  • 01 Mar 2023
    Listed for Sale Live Life with a View: Gorgeous Apartment for Sale
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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. There are 14 parks, covering nearly 74.2% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 14,441 properties. Over the last 5 years, Houses in Melbourne have seen a 3.42% increase in median value, while Units have seen a -8.31% decrease. As at 31 August 2026:

  • The median value for Houses in Melbourne is $2,166,676 while the median value for Units is $626,986.
  • Houses have a median rent of $725 while Units have a median rent of $650.
There are currently 81 properties listed for sale, and 43 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 593 properties were sold in the past 12 months in Melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

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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.

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