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402/188 Albert Road, South Melbourne$995,000
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402/188 Albert Road

South Melbourne, VIC 3205, Australia
$995,000
2 bed 2 bath 1 car119 m²

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About this property

Opposite Albert Park Lake in boutique 'Azure,' this superb two bedroom two bathroom fourth floor security apartment provides an oversized study with third bedroom potential. One of only ten in the building and only two at sub penthouse level, this exclusive apartment shines in its north facing open plan living and dining domain with its sun bathed balcony and entertainer's kitchen featuring Miele and Bosch appliances. A private wing contains the two spacious bedroom suites each with built in robes and a timeless ensuite including the main with a second set of robes and Albert Park Lake glimpses. The large study/potential third bedroom adjoins the powder room/third toilet, while the fitted European laundry is flanked by a bank of storage. Quiet at the back of the block, this peaceful apartment is finished with industrial inspired concrete floors, ducted heating/cooling, video intercom and lift access to a storage cage and secure undercover ground floor parking with easy, safe access via Eastern Road. Seconds to Albert Park Lake and local conveniences including cafes, eateries and bars, walk to MSAC's world class facilities, Clarendon Street's lively heart, numerous trams and Anzac station. PLEASE NOTE: There is potential for a 2nd car space.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Parking
1
Land Area
119 m²
Listed
2 days ago

Repayment calculator

$4,824/month
$2,412 /fortnight
Loan $796,000 at 6.10% over 30 years

Upfront costs

Deposit$199,000
Stamp duty$54,725
Conveyancing (est.)$2,000
Total upfront$255,725
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 South Melbourne

This 2-bedroom apartment in South Melbourne, VIC 3205 sits within reach of public transport, local shops and nearby schools. It is listed 40% above the $710,000 median of 59 comparable apartmentswithin 5 km.

Schools near South Melbourne

  • Galilee Regional Catholic Primary Schoolprimary · Prep-6 · CoEd
  • Hester Hornbrook Academy - South Melbournesecondary
  • Youth2Industry Collegesecondary · 11-12 · CoEd

What's nearby

  • Stop 23: Moray Street (tram)408 m away
  • WoodsYard69 m away
  • Ludwig Stamer Reserve284 m away
  • Eastern South Reserve327 m away
  • See Yup temple garden401 m away

South Melbourne at a glance

Full suburb profile
Population
11,548
Median age
39
Household income
$2,101/wk
Median rent
$421/wk
Median mortgage
$2,200/mo

Source: ABS Census.

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Suburb market

Suburb price trend

South Melbourne price trend

Median sold · Unit 2 bed

Compound growth -0.9% / yr over 4 yrs

$658kcurrent median

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Price history

Price history

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1 price change recorded for this property

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