701/196-206 Albert Road, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

701/196-206 Albert Road
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 131m2
Land area: 895m2
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Property Details for 701/196-206 Albert Rd, South Melbourne

701/196-206 Albert Rd, South Melbourne is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 895m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
2005
Floor Size
131m2
Land Size
895m2
Local Government
Port Phillip
Lot/Plan
701/PS443832

Last Listing description (September 2023)

Exuding quality and class with a spectacular front row panorama over Albert Park Lake, this sleek, two bedroom plus study 'Silverpoint' apartment delivers a fabulous city-fringe lifestyle where cafe culture, fine dining restaurants and exquisite outlooks are yours to savour. Securely tucked away in a coveted position boasting a library and a gym, this apartment has unbeatable lifestyle appeal on the cusp of Clarendon Street shopping and dining, trams, MSAC and the CBD.

Flowing outdoors through floor-to-ceiling glass sliding doors, the open-plan living area with a stone-bench kitchen with quality European appliances celebrates light and proportion, seamlessly connecting to the iconic lakefront surroundings via the broad balcony. Each bedroom is generously proportioned, including two with built-in robes, headlined by the main bedroom with a private ensuite and sun-drenched, north-facing aspect.

Immerse yourself in Melbourne's celebrated inner-city spirit and relish the tranquillity of the spectacular parkside outlook, with features including basement parking for two, video entry, secure fob-activated elevator, European laundry, a family bathroom, and reverse cycle heating/air conditioning.

Property History for 701/196-206 Albert Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$1,500,000
03 Sep 2023
  • 03 Sep 2023
    Sold for $1,500,000
  • 27 Jul 2023
    Listed for Sale Contact Agent
  • 20 Feb 2002
    Sold for $750,000
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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.