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1-9/253 Danks Street

Albert Park, VIC 3206, Australia
$5.50m
9 bed 9 bath 9 car630m²

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Area Price Guide
$5.17m$5.83m

Indicative price guide range

🏘️
66
Comparable
📊
$1.30m
Area median
⚖️
+323%
vs median
📐
$8,730
Per m²
📏
630 m²
Land
🗓️
2 weeks ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Inspections via appointment only. Positioned within one of Melbourne's most tightly held bayside enclaves, this exceptional Albert Park opportunity presents a substantial 630sqm (approx.) allotment with outstanding scope for future development. Currently occupying the site is a substantial three-level building comprising nine one-bedroom apartments on a one title, to be offered with vacant possession-delivering a rare and highly flexible blank canvas for developers, investors, or those with a vision to create something truly special. Located just 150 metres from Port Phillip Bay and only moments from the Melbourne CBD, this prominent corner site offers remarkable potential (STCA). Whether your vision includes luxury townhouses, boutique residences, or a premium apartment development, the possibilities here are extensive. Enjoying a coveted lifestyle setting, the property is within easy reach of Albert Park and Middle Park villages, MSAC, South Melbourne's renowned shopping and dining precinct, and the picturesque foreshore. Along with excellent public transport options and everyday amenities, the location is second to none. Zoned General Residential and offered with flexible settlement terms and a 10% deposit, this is an exceptionally rare opportunity in a market where land of this scale and positioning is increasingly scarce. 253 Danks Street ALBERT PARK Auction 10.00am Saturday 30th May

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $26,664/month
    $13,332 /fortnight
    Loan $4,400,000 at 6.10% over 30 years

    Upfront costs

    Deposit$1,100,000
    Stamp duty$337,500
    Conveyancing (est.)$2,000
    Total upfront$1,439,500
    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.

    Property Details

    Property Type
    land
    Listing Type
    For Sale
    Bedrooms
    9
    Bathrooms
    9
    Parking
    9
    Land Area
    630m²
    Listed
    2 weeks ago

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