2603/38 Albert Road, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

2603/38 Albert Road
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 74m2
Land area: 993m2
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Property Details for 2603/38 Albert Rd, South Melbourne

2603/38 Albert Rd, South Melbourne is a 2 bedroom, 2 bathroom House 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 March 2011.

Building Type
House
Year Built
2013
Floor Size
74m2
Land Size
993m2
Local Government
Port Phillip
Lot/Plan
2603/PS638816

Last Listing description (February 2026)

Step into a world of elegance and sophistication at this remarkable residence located at Albert Road in the vibrant South Melbourne neighborhood. Offering an unrivaled urban lifestyle, this luxurious apartment is the epitome of contemporary living.

As you enter, you'll be captivated by the impeccable design and high-end finishes throughout. The open floor plan creates a seamless flow between the living, dining, and kitchen areas, ideal for entertaining guests or enjoying cozy nights in.

The gourmet kitchen is a culinary haven, boasting top-of-the-line appliances, sleek cabinetry, and exquisite stone countertops. Whether you're a master chef or an aspiring home cook, this kitchen will inspire your culinary creativity.

Relax and unwind in the spacious living area, bathed in natural light streaming through large windows. Enjoy breathtaking views of the city skyline and indulge in the serenity of your surroundings. Step out onto the private balcony and soak up the vibrant atmosphere of South Melbourne overlooking the Royal Botanic Gardens, Fawkner Park and a short walk to the CBD, South Melbourne Market, Albert Park Lake.

The master bedroom is a haven of tranquility, featuring plush carpeting, ample closet space, and a modern en-suite bathroom. The second bedroom offers versatility and can be used as a guest room, home office, or a personal sanctuary.

Residents of 38 Albert Road have access to a range of exclusive amenities. Stay fit and active in the well-equipped gymnasium, access to rooftop terrace with access to communal facilities such as outdoor kitchen & BBQ. Relax in the common lounge or unwind in the sauna. With secure parking and 24-hour concierge service, every aspect of your comfort and convenience is catered to.

The location couldn't be more desirable. South Melbourne is renowned for its vibrant atmosphere, trendy cafes, boutique shopping, and proximity to the CBD. Enjoy easy access to public transportation, allowing you to explore all that Melbourne has to offer, from world-class dining to cultural experiences.

This property is currently on fixed term lease till 15 May 2026 with rent at $2998 per month.
The property may become available for owner occupancy following the expiration of the fixed-term lease agreement.

Don't miss the opportunity to make property your new home. Experience the pinnacle of luxury living in South Melbourne. Contact us today to arrange a private viewing and secure your place in this prestigious residence.

*PLEASE NOTE: Open for Inspection Times and Property Availability are subject to change or cancellation without notice. Please refer to the listed inspection times. If no inspection time is available or you are not able to make the listed times please select Book an Inspection Time or Contact Agent and register your interest. We highly recommend registering for an inspection you are going to attend to avoid disappointment for cancellations. If you are registered to attend an inspection you will be notified via SMS if the inspection is cancelled.*

Property History for 2603/38 Albert Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$765,000
30 Mar 2011
Listed for Rent
$570/w
19 Mar 2021
  • 23 Sep 2025
    Listed for Sale $730,000 - $750,000
  • 21 Feb 2025
    Listed for Rent - Price not available
  • 15 Dec 2023
    Listed for Rent $790 / week
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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 12,878 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.10% increase in median value, while Units have seen a 5.96% increase. As at 31 January 2026:

  • The median value for Houses in South Melbourne is $1,777,710 while the median value for Units is $634,357.
  • Houses have a median rent of $725 while Units have a median rent of $650.
There are currently 37 properties listed for sale, and 24 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 490 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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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.