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Location

Market Insights for East Melbourne VIC 3002

New Listings (last 30 days)

Average price

$1,563,333

Lowest price

$660,000

Highest price

$4,500,000

38/190 Albert Street, East Melbourne VIC 3002

$900,000 - $950,000

Search Band

$900k - $950k High Confidence Calculated based on strong search observations.

Apartment 3 beds 1 bath 1 car

Listed: 15th Jul 2026

Overview

Embodying the spacious proportions of townhouse living, this two-level apartment within the esteemed Victoria Albert Town Residences offers a unique blend of comfort and city convenience. Located in East Melbourne, the property benefits from a prized west-facing aspect that invites abundant afternoon natural light, accompanied by sweeping views of the Melbourne city skyline — a feature that elevates everyday living and entertaining.

The sizeable open-plan living and dining area fluently connects to a well-appointed kitchen, creating an ideal setting for both casual relaxation and social gatherings. The design maximizes space and flow, responding to the needs of modern living in a lifestyle precinct.

Three generously sized bedrooms offer versatile options for families, professionals, or those requiring extra space for home offices or guest accommodation. The presence of built-in robes and thoughtfully designed storage solutions throughout enhances the functionality and livability of the home.

Additional comforts include a central bathroom equipped with separate bath and shower facilities, and a powder room that conveniently services the main living areas. The apartment also boasts ducted heating and cooling systems to ensure comfort year-round.

Residents will appreciate access to secure parking and the range of amenities provided by the onsite building manager. This property is well suited to those seeking a blend of urban lifestyle benefits with the generous space reminiscent of townhouse living, positioned in one of East Melbourne’s most sought-after residences.

The location is ideal for buyers prioritizing proximity to schools, cafes, local parks, and public transport, all within easy reach of the Melbourne CBD. Overall, this apartment promises a welcoming and refined lifestyle in a prestigious setting.

Local Market Insights

In East Melbourne, Quiet Listings observed 6 new apartments entering the market over the last 30 days, down from 7 during the previous 30-day period, with an average advertised asking price of $1,563,333. The property type mix of listed properties is predominantly Apartments at 75%, followed by houses (25%). The most active agency for apartments in the East Melbourne area is currently Ray White, representing 50% of new listings, followed by Jellis Craig with 33%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.