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1/48 Princess Street

Kew, VIC 3101, Australia
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2 bed 1 bath 1 car

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Listing description

About this property

Positioned on the ground floor of the boutique "Aalto" complex, this well-presented two-bedroom apartment offers comfortable living with generous outdoor space in a highly convenient Kew location. The light-filled living and dining area is complemented by split system heating and cooling, while a modern galley-style kitchen provides ample storage and practical functionality. Fresh carpet throughout enhances the move-in ready appeal. Both bedrooms are spacious and include built-in robes, serviced by a large central bathroom featuring double vanities, a separate shower and bath, plus the added convenience of a separate toilet. A standout feature is the expansive north and west facing courtyard and outdoor terrace area, ideal for entertaining and perfect for kids or pets to enjoy. Additional features include a laundry cupboard, intercom entry, and an undercover car space with a storage room positioned directly in front. Set within a boutique block of just 10 apartments, all within easy walking distance to Kew Junction's cafés, restaurants and shopping, the Yarra River walking and bike trails, with High Street trams nearby providing direct CBD access, and the Eastern Freeway just minutes away for easy commuting. Important Details: Owners corp. fees: $1,256 per quarter (approx) Council rates: $1,594 per annum (approx) Rental Appraisal: $640 - $680 per week 10 in the development Build Year: 1971 *Images in this listing have been digitally styled for illustrative purposes.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Listed
2 months ago

Repayment calculator

$8,908/month
$4,454 /fortnight
Loan $1,470,000 at 6.10% over 30 years

Price estimated from comparable nearby — edit below to use your own number

Upfront costs

Deposit$367,500
Stamp duty$101,063
Conveyancing (est.)$2,000
Total upfront$470,563
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Kew

This 2-bedroom apartment in Kew, VIC 3101 sits within reach of public transport, local shops and nearby schools.

Schools near Kew

  • Carey Baptist Grammar Schoolcombined · Prep-12 · CoEd
  • Genazzano FCJ Collegecombined · Prep-12 · Girls
  • Methodist Ladies' Collegecombined · Prep-12 · Girls
  • Preshil, The Margaret Lyttle Memorial Schoolcombined · Prep-12 · CoEd
  • Preshil, The Margaret Lyttle Memorial School - Blackhall-Kalimna Preshil Senior Schoolcombined
  • Ruyton Girls' Schoolcombined · Prep-12 · Girls

What's nearby

  • Kew Junction/Princess Street (bus)260 m away
  • Laurent Bakery143 m away
  • Dorothy Rogers Reserve269 m away
  • Sir William Street Reserve313 m away
  • Cresco Reserve339 m away

Kew at a glance

Full suburb profile
Population
24,499
Median age
41
Household income
$2,497/wk
Median rent
$476/wk
Median mortgage
$3,000/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

Kew is a well-established inner-east Melbourne suburb experiencing moderate, character-sensitive development activity focused on mixed-use intensification along High Street and incremental apartment development near the Yarra River. Development is constrained by extensive neighbourhood character overlays and heritage protections, limiting large-scale change, while infrastructure investment emphasises active transport connectivity. Council DA activity reflects steady infill within density limits rather than major precinct transformation.

Nearby projects

5

Closest

0.5 km

High Street Mixed-Use Precinct

500m1km1.5km2kmHigh Street Mixed-Use Precinct — 0.5 kmActive Transport Network - Kew Precinct — 0.8 kmRiverside Apartments Development — 1.2 kmNeighbourhood Character Zone Infill — 1.5 kmLocal Heritage and Garden Conservation — 2.0 km

Distance from this property is exact (rings = km). Direction is illustrative.

High Street Mixed-Use Precinct

0.5 km
Mixed-useApproved

Medium-density residential with ground-floor retail along Kew's main commercial strip.

2025

500 m

Active Transport Network - Kew Precinct

0.8 km
InfrastructureApproved

Protected bike lanes and pedestrian improvements connecting to broader metro cycling network.

2024-2025

800 m

Riverside Apartments Development

1.2 km
Apartment buildingUnder construction

Multi-storey residential apartments near Yarra River with local amenity contributions.

2024-2025

1.2 km

Neighbourhood Character Zone Infill

1.5 km
Residential subdivisionProposed

Low-density residential infill developments within established Neighbourhood Residential Zones.

2025-2026

1.5 km

Local Heritage and Garden Conservation

2 km
ResidentialApproved

Heritage-sensitive restoration and limited infill within character-protected residential precincts.

2024-2026

2.0 km
Source: StMate AI — VIC development trends07/06/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Kew price trend

Median sold · Unit 2 bed

Compound growth +1.0% / yr over 4 yrs

$729kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Kew market

Within 5km

Nearby Properties

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