501/196-206 Albert RoadSouth Melbourne VIC 3205
Property Details for 501/196-206 Albert Rd, South Melbourne
501/196-206 Albert Rd, South Melbourne is a 3 bedroom, 2 bathroom Unit and was built in 2004. The property has a land size of 895m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in May 2001.
Last Listing description (June 2026)
Elevated in the tightly held "Silverpoint" building, this sophisticated residence delivers luxurious inner-city living with breathtaking outlooks across Albert Park Lake. Perfectly positioned on the edge of the CBD, this expansive apartment combines house-like proportions with premium low-maintenance ease in one of South Melbourne's most prestigious pockets.
Designed to maximise natural light and panoramic views, the spacious open-plan living and dining domain seamlessly connects to an oversized undercover terrace, creating the ultimate indoor-outdoor entertaining space. A sleek contemporary kitchen with quality stone finishes and abundant storage anchors the home with style and functionality.
Accommodation comprises three generously sized bedrooms, including a luxurious main suite with ensuite and built-in robes, while two stylish bathrooms and secure parking for two vehicles add further practicality to this impressive offering. Residents also enjoy access to premium building amenities including lift access, a gymnasium, library and residents' lounge.
**This property is unfurnished**
Property History for 501/196-206 Albert Rd, South Melbourne, VIC 3205
- 11 Jun 2026Listed for Rent $900 / week
- 14 Apr 2021Listed for Rent $725 / week
- 30 May 2019Listed for Rent - Price not available
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0About 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.
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