704/38 Albert Road, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

704/38 Albert Road
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 68m2
Land area: 993m2
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Property Details for 704/38 Albert Rd, South Melbourne

704/38 Albert Rd, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 993m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last transferred in August 2021.

Building Type
Unit
Year Built
2013
Floor Size
68m2
Land Size
993m2
Local Government
Port Phillip
Lot/Plan
704/PS638816

Last Listing description (December 2025)

Perfectly positioned just off St Kilda Road and directly opposite the Royal Botanical Gardens, this beautifully appointed 2-bedroom, 2-bathroom fully furnished apartment offers a bright, stylish, and ultra-convenient lifestyle in one of South Melbournes most sought-after pockets.

The generous open-plan living and dining area is filled with natural light and includes a dedicated study nookideal for work or study. It opens onto a spacious entertainers terrace, creating an inviting extension of your living space. The well-designed galley kitchen features European stainless-steel appliances, ample storage, and a dishwasher for everyday convenience.

Both bedrooms are fitted with built-in robes, with the master enjoying its own private ensuite. A second modern bathroom and a European laundry (complete with washing machine and dryer) further enhance the homes functionality.

Residents benefit from a secure, well-maintained building, air-conditioning for year-round comfort, and access to gym, a fantastic rooftop garden with BBQ facilitiesperfect for relaxing or entertaining.

Located moments from cafs, restaurants, the Melbourne CBD, the Botanic Gardens, and Albert Park Lake, this apartment promises an unbeatable lifestyle in an incredible location. Both short-term and long-term leases are welcomed, offering flexibility to suit a range of needs.

INSPECTING IS EASY - Simply scroll down the page to the INSPECTIONS subheading and click REQUEST A TIME to book a date and time or submit your enquiry. Please ensure you register your details prior to attending the inspection. Once registered, we can keep you updated with available inspections times and any changes or cancellations. So don't miss out, book an inspection today! To submit an application for this property, simply click the Get in Touch button and we will respond with instructions on how to apply.

Property History for 704/38 Albert Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Transferred
07 Aug 2021
Listed for Rent
$739/w
11 Jul 2024
  • 21 Nov 2025
    Listed for Rent $750 / week
  • 01 Apr 2022
    Listed for Rent $700 / week
  • 09 Nov 2021
    Listed for Rent - Price not available
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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 12,879 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 35 properties listed for sale, and 34 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 471 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.