501/188-190 Albert Road, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

501/188-190 Albert Road
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 219m2
Land area: 432m2
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Property Details for 501/188-190 Albert Rd, South Melbourne

501/188-190 Albert Rd, South Melbourne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2002. The property has a land size of 432m2 and floor size of 219m2. While the property is not currently for sale or for rent, it was last sold in December 2008.

Building Type
Unit
Year Built
2002
Floor Size
219m2
Land Size
432m2
Local Government
Port Phillip
Lot/Plan
501/PS438585

Last Listing description (December 2008)

SWEEPING SKY TERRACE CROWNS LAKESIDE LUXURY
A MASTERPIECE OF MODERN ARCHITECTURE DESIGNED TO PROVIDE THE PERFECT BACKDROP FOR A LUXURIOUS, INNER CITY LIFESTYLE; THIS EXCEPTIONAL THREE-BEDROOM PENTHOUSE ALSO ASSURES MOST IMPRESSIVE AL FRESCO ENTERTAINING, WITH A MASSIVE SKY TERRACE AFFORDING SWEEPING AND SUPERB LAKE VIEWS. INCORPORATING THREE BASEMENT CAR PARKS AND STORAGE CAGE, THE FIFTH LEVEL RESIDENCE OFFERS MAGNIFICENT LIVING AREA WRAPPED ON TWO GLAZED SIDES BY A BEAUTIFUL BALCONY, CHIC DINING AREA OPEN TO STATE OF THE ART S/S AND STONE KITCHEN (FULLY INTEGRATED MIELE APPLIANCES INCLUDING COFFEE MACHINE AND MICROWAVE), THREE BRILLIANT BEDROOMS, MAIN WITH ROMANTIC AQUATIC OUTLOOKS, WIR AND DOUBLE MARBLE EN SUITE, SECOND AND THIRD WITH BIRS AND SHARED SUNSET BALCONY, TWO STUNNING BATHROOMS AND TWO FASHIONABLE POWDERS. SUPERB SPIRAL STAIRCASE ASCENDS TO THE SECOND LEVEL, WHERE EXTRA LIVING ROOM OR HOME OFFICE WITH BUILT-IN DESK; STORAGE AND BAR FRIDGE OPENS TO AN EXQUISITE SKY TERRACE. SIMPLY STUNNING IN SIZE AND FINISH, THIS TERRIFIC TERRACE BOATS PANORAMIC LAKE AND SEAWARD VISTAS, STYLISH BUILT-IN SEATING, CONTEMPORARY GARDEN BEDS HOSTING HARDY EXOTICS, AND AN OUTDOOR KITCHEN AREA SET TO SERVE THOSE SOPHISTICATED AND SOCIABLE OUTDOOR OCCASIONS IN ENVIABLY HIGH STYLE.
COMPLETED BY DUCTED HEATING, AIR CONDITIONING, ITALIAN TILING, QUALITY CARPETS AND BLINDS, TWO BUILT-IN PLASMA SCREENS, VIDEO INTERCOM AND SECURITY, THIS PRESTIGIOUS PROPERTY IS IDYLLICALLY LOCATED NEAR PARKLANDS, BEACHFRONT, MELBOURNE AQUATIC CENTRE, SOUTH MELBOURNE MARKET, CLARENDON STREET SHOPS AND MULTIPLE PUBLIC TRANSPORT OPTIONS. REGISTRATION IS REQUIRED PRIOR TO INSPECTING.

Property History for 501/188-190 Albert Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$2,050,000
10 Dec 2008
  • 10 Dec 2008
    Sold for $2,050,000
  • 01 Oct 2008
    Listed for Sale EXPRESSIONS OF INTEREST
  • 21 Nov 2000
    Sold for $1,500,000
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About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. There are 15 parks, covering nearly 3.3% of the 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 12,921 properties. Over the last 5 years, Houses in South Melbourne have seen a -2.61% decrease in median value, while Units have seen a 1.68% increase. As at 30 June 2026:

  • The median value for Houses in South Melbourne is $1,689,377 while the median value for Units is $624,560.
  • Houses have a median rent of $825 while Units have a median rent of $675.
There are currently 34 properties listed for sale, and 34 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 469 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.