238 Albert Road, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

238 Albert Road
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 127m2
Land area: 148m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 19 Jan 2026
Low

High
Save

Property Details for 238 Albert Rd, South Melbourne

238 Albert Rd, South Melbourne is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1890. The property has a land size of 148m2 and floor size of 127m2. While the property is not currently for sale or for rent, it was last sold in October 2024.

Building Type
House
Year Built
1890
Floor Size
127m2
Land Size
148m2
Local Government
Port Phillip
Lot/Plan
2/LP30074

Last Listing description (October 2024)

238 Albert Road sits on the Shrine to Sea blvd, sheltered on a one way service road behind a wide plantation of the area's iconic palm trees, this grand Victorian terrace unites yesterday and today in refined style with a panoramic Albert Park view out front and city-view sparkle behind. Offering rare Albert Park lake amenity, this three bedroom, 1.5 bathroom terrace offers wide green views over two-levels with a gracious lounge facing over approx 200 hectares of prime parklands, and an elegant dining-room looking out to a sunlit northerly rear garden through a tall sash-window. Rising above it all, the grand principal bedroom extends the view even further with a palm-fringed outlook to Albert Park Lake across the beautiful iron-laced balcony.

Artfully renovated with an eye to quality, the home offers turnkey functionality with a sophisticated white stone kitchen bench with prestige appliances including Asko dishwasher, and a sleek renovated bathroom with marble-topped vanity plus downstairs powder-room - both with the same fresh terrazzo-style, imported Italian porcelain tiles.

Soaring to lofty 4.2m ceilings with lavish original roses, a high corbelled arch, tall skirtings, the home emphasises original architectural details including double-hung sash windows; rehung and refitted with painstakingly acquired hardware,.

Curated in restrained style with a black Japan finish for the original Huon and Baltic pine wide floorboards, and a mix of contemporary designer lighting and antique chandeliers (repurposed from a stately Essendon home), the home's backdrop of white on white style is enhanced by printed and embroidered French linen curtains as a softening detail.

Appointed for a relaxed city life with reverse-cycle air-conditioning, low-energy electric panel heating, alarm and Smartphone-operated CCTV, this Victorian beauty is set in generous grounds with an iron-fenced entry yard, and a lush Boston Ivy-covered courtyard providing space to entertain in north sun, room for kids to play securely, and potential to add garaging (Subject to Council Approval) through a rear bluestone lane access.

Set on the planned Shrine to Sea 'urban corridor', this blue-chip location has something for every lifestyle with Albert Park at the door as a bonus recreational space, the tennis-courts and driving-range available for an active life, and MSAC as your own pool. Within an easy walk of Albert Park beach, and 10 minutes by tram to the CBD with nearby ANZAC station transport hub soon to be completed, this park-edge property has leading Secondary Colleges (including selective MacRobertson Girls High School) close, Albert Park Secondary College in-Zone, Melbourne Grammar within a walk, and Melbourne's thriving Arts precinct just minutes away by tram.

Property History for 238 Albert Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$1,980,000
12 Oct 2024
Listed for Rent
$824/w
04 Jul 2014
  • 12 Oct 2024
    Sold for $1,980,000
  • 18 Sep 2024
    Listed for Sale SOLD
  • 07 May 2018
    Sold for $1,750,000
Sign in to see more transactions
Commute Calculator

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 12,873 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 30 properties listed for sale, and 32 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 476 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

Market Insights
South Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.