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.
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.
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:
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