47 Grey Street E, Albany, WA 6330 | Property Value & History | OnTheHouse
OFF MARKET

47 Grey Street E
Albany WA 6330

Bedrooms: 11
Bathrooms: 8
Car spaces: -
Land area: 1754m2
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Property Details for 47 Grey St E, Albany

Building Type
Commercial
Land Size
1754m2
Local Government
Albany
Lot/Plan
21/D070752

Last Listing description (August 2023)

Only rarely are lifestyle businesses of this high calibre combined with prime real estate offered for sale.
This beautiful heritage property consists of a superior-quality, short-term accommodation complex on a valuable block of 1756sqm, in a historic area on the edge of Albany?s CBD and with views of Princess Royal Harbour.
With a proven track record of high occupancy and a good proportion of return clients, My Place Colonial Accommodation has provided an excellent income for the same family for more than 16 years.

Set in beautiful gardens, the buildings in this impressive complex have been extended and meticulously restored to reflect their original charm and outstanding architectural character. One of the main buildings dates from 1896; the other from the 1940s.
To cater to the needs of today?s guests, modern appointments blend tastefully with period features such as timber flooring, decorative cornices, and pressed tin panels.
One spacious upper-storey apartment was designed as owners? housing with two bedrooms, a full-sized kitchen with dishwasher, lounge, separate dining area, private balcony with harbour views, bathroom, and abundant storage.
The rest of the accommodation consists of three open-plan studios for couples or singles; two one-bedroom apartments, each sleeping three people; and two two-bedroom apartments. Some enjoy harbour views.
All units are fully furnished with character pieces and super-comfy beds. Each has a TV lounge, dining area and well-equipped kitchen with a cook-top, fridge, microwave, cookware, crockery and utensils.
Some units have a private balcony; others access a guest barbecue and sheltered gazebo in the leafy back yard, among manicured lawns and pretty gardens.
There?s a big laundry and storeroom, available for guest use, paved parking areas for each unit and a guest reception.
The eateries, pubs, entertainment and shops in York Street are a short walk away, making this accommodation first choice for many tourists and corporate guests alike.
This is a substantial freehold package presenting a rare combination of quality, character accommodation in a highly desirable area with potential for significant capital growth and an established, profitable and manageable business.
Immaculately presented and stylishly finished, it allows flexibility for the owners to enjoy ample downtime as well as the myriad attractions of this prime tourist destination and one of WA?s earliest settlements.

Property History for 47 Grey St E, Albany, WA 6330

A timeline of how this property has performed in the market
Last Sold
$2,100,000
13 Dec 2021
  • 02 Aug 2023
    Listed for Sale Not Disclosed
  • 13 Dec 2021
    Sold for $2,100,000
  • 30 Nov 2021
    Listed for Sale $2,100,000
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About Albany 6330

The size of Albany is approximately 2.4 square kilometres. It has 6 parks covering nearly 8.1% of total area. The population of Albany in 2016 was 1313 people. By 2021 the population was 1403 showing a population growth of 6.8% in the area during that time. The predominant age group in Albany is 60-69 years. Households in Albany are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albany work in a professional occupation.In 2021, 66.80% of the homes in Albany were owner-occupied compared with 61.70% in 2016.

Albany has 1,373 properties. Over the last 5 years, Houses in Albany have seen a 93.34% increase in median value, while Units have seen a 80.41% increase. As at 31 January 2026:

  • The median value for Houses in Albany is $809,165 while the median value for Units is $397,313.
  • Houses have a median rent of $600 while Units have a median rent of $345.
There are currently 14 properties listed for sale, and 8 properties listed for rent in Albany on OnTheHouse. According to Cotality's data, 43 properties were sold in the past 12 months in Albany.

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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.