1605/38 Albert Road, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
 
OFF MARKET

1605/38 Albert Road
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 74m2
Land area: 993m2
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Last updated 26 Jan 2026
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Property Details for 1605/38 Albert Rd, South Melbourne

1605/38 Albert Rd, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 993m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
Unit
Year Built
2013
Floor Size
74m2
Land Size
993m2
Local Government
Port Phillip
Lot/Plan
1605/PS638816

Last Listing description (May 2022)

From a commanding position overlooking the CBD and expansive views over the Royal Botanic Gardens, the MCG and to the Dandenongs, the 16th level residence will come to redefine inner city living expectations.

Comprising a flexible floorplan with a full sized kitchen with island bench with modern flooring throughout the living zones. Large enough to accommodate genuine lounge and dining space options and euro laundry. The broad balcony with irresistible views is larger than anticipated and provides additional living space.


Both bedrooms offer BIRs with the master enjoying an additional reading nook and sparkling ensuite with the central bathroom discreetly positioned away from the living space.

A landscaped rooftop offers amazing views and functionality with BBQ facilities, indoor dining space and gymnasium with the building serviced by secure entry/intercom and on site building manager. As well as secure parking and storage cage.

The location delivers immediate access to the Botanic Gardens, Albert Park Lake, CBD and cafes down below.

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Property History for 1605/38 Albert Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$660,000
14 May 2022
Listed for Rent
$410/w
01 Jul 2016
  • 14 May 2022
    Sold for $660,000
  • 04 May 2022
    Listed for Sale $600,000 - $660,000
  • 27 Apr 2016
    Sold for $630,000
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About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.

South Melbourne has 12,879 properties. Over the last 5 years, Houses in South Melbourne have seen a 8.14% increase in median value, while Units have seen a 6.21% increase. As at 31 December 2025:

  • The median value for Houses in South Melbourne is $1,743,660 while the median value for Units is $637,243.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 35 properties listed for sale, and 33 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 481 properties were sold in the past 12 months in South melbourne.

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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.

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