1 Adelaide StreetMurrumbeena VIC 3163
Property Details for 1 Adelaide St, Murrumbeena
1 Adelaide St, Murrumbeena is a 10 bedroom, 8 bathroom Unit with 8 parking spaces. The property has a land size of 696m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 10 bedroom Unit sold in Murrumbeena in the last 12 months.
Last Listing description (March 2026)
Strong Income with Clear Upside
10 Adelaide Street, Murrumbeena presents a compelling opportunity to acquire an entire block of eight fully self-contained, strata titled apartments in one of Melbournes tightly held residential pockets.
Set on approximately 696sqm, the property comprises a well-balanced mix of six one-bedroom and two two-bedroom apartments. The diversity of condition provides solid immediate income while offering genuine scope to enhance returns through refurbishment and rental uplift.
The property currently generates $157,452 per annum gross with one vacancy, with a fully leased income potential of approximately $181,437 per annum. Investors can capitalise on the existing cash flow while exploring longer-term development or repositioning options (STCA).
Property Summary
Land Area: 696sqm
Configuration: 6 x One Bedroom & 2 x Two Bedroom Apartments
Car Parking: 8 On-site Car Spaces
Current Income: $157,452 gross per annum + 1 vacancy
Fully Leased Income Potential: $181,437 gross per annum
Title: Lots 18 on Strata Plan 016572
Zoning: General Residential Zone Schedule 1
Overlay: Parking Overlay Precinct 2-2
Location
Positioned in a quiet, tree-lined street, the property benefits from immediate access to public transport, local cafs and daily conveniences. It is within walking distance to Murrumbeena Train Station and only moments from Chadstone Shopping Centre, supporting strong tenant demand and long-term capital growth prospects.
This is a genuine blue-chip residential investment with scale, flexibility and future upside in an established rental market.
Property History for 1 Adelaide St, Murrumbeena, VIC 3163
- 27 Mar 2026Sold for $2,900,000
- 26 Feb 2026Listed for Sale $2,600,000 - $2,800,000
- 10 May 2022Listed for Rent $975 / week
Recent sales nearby
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0About Murrumbeena 3163
The size of Murrumbeena is approximately 2.6 square kilometres. It has 8 parks covering nearly 9.6% of total area. The population of Murrumbeena in 2016 was 9926 people. By 2021 the population was 9996 showing a population growth of 0.7% in the area during that time. The predominant age group in Murrumbeena is 30-39 years. Households in Murrumbeena are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murrumbeena work in a professional occupation.In 2021, 61.60% of the homes in Murrumbeena were owner-occupied compared with 59.50% in 2016.
Murrumbeena has 5,774 properties. Over the last 5 years, Houses in Murrumbeena have seen a 0.08% increase in median value, while Units have seen a -6.41% decrease. As at 31 March 2026:
- The median value for Houses in Murrumbeena is $1,604,502 while the median value for Units is $587,089.
- Houses have a median rent of $770 while Units have a median rent of $500.
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