316 Albert Rd, South Melbourne is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1890. The property has a land size of 198m2 and floor size of 218m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Commanding a premier position opposite Albert Park Lake with dual frontages to Bridport Street, this prized Victorian terrace with a deep north garden provides generous space and exceptional family function that caters impeccably to every modern requirement for flexible living.
Exceptional light captivates the interior at every angle, with impressively high ceilings and a central glass atrium illuminating the three large living areas, including the formal lounge and open-plan domain at the rear. Victorian features blend seamlessly with modernised touches throughout, with a well-equipped granite-bench kitchen and wall of timber bi-folds extending to the northern entertainer's terrace, sheltered by a remote awning for all-season enjoyment.
Enjoying incomparable lifestyle appeal directly opposite Albert Park Lake, MSAC, golf course and within walking distance to the South Melbourne market, elite schools, Botanic Gardens and local beaches, with easy tram access to Melbourne CBD. This modern home includes ducted heating and cooling, a powder room, full laundry, alarm, garden irrigation, ample storage and off street parking beyond auto gates at the rear.
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 12,877 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:
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