401/196-206 Albert Road, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
 
OFF MARKET

401/196-206 Albert Road
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 110m2
Land area: 895m2
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Last updated 5 Jan 2026
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Property Details for 401/196-206 Albert Rd, South Melbourne

401/196-206 Albert Rd, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 895m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in April 2002.

Building Type
Unit
Year Built
2004
Floor Size
110m2
Land Size
895m2
Local Government
Port Phillip
Lot/Plan
401/PS443832

Last Listing description (April 2017)

AVAILABLE 14 APRIL 2017 .
This stunning bright large and luxurious fully furnished executive apartment is ideally located directly opposite Albert Park Lake and close proximity to public transport, Clarendon Street shopping facilities, South Melbourne Market and CBD.
It comprises a spacious open plan living / dining areas with fold-back doors opening onto a fantastic large private terrace boasting stunning panoramic views across Albert Park Lake, Grand Prix track and St Kilda Road; sleek stainless steel gourmet kitchen with granite bench-tops, extra-large rotisserie oven, five-burner cooktop, European appliances, ample cupboard and bench-top spaces; three generous sized carpeted bedrooms; master bedroom with ensuite bathroom and walk through robe; second bedroom with BIRs, large sparkling central bathroom with designer features and European laundry.

Additional features include marble tiling throughout living areas; reverse cycle air conditioning and heating; electronic blinds; video security intercom entrance; two secure remote access undercover car spaces; security visitor parking; lift call from apartment; computerised light sequencing; resident-only gymnasium; exclusive residents lounge and fully licensed caf on ground level.
Rent based on 12 month lease - shorter term lease available by negotiation.
Call Open Living Real Estate on 0421 640 063 for further information or to arrange an inspection.

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Property History for 401/196-206 Albert Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$575,000
05 Apr 2002
Listed for Rent
$845/w
15 Mar 2017
  • 15 Mar 2017
    Listed for Rent $845 / week
  • 16 Aug 2016
    Listed for Rent $845 / week
  • 05 Aug 2015
    Listed for Rent $850 / 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 12,876 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 34 properties listed for sale, and 34 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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