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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Location
Market Insights for South Melbourne VIC 3205
New Listings (last 30 days)
21
Average price
$921,381
Lowest price
$295,000
Highest price
$2,800,000
Other properties in this postcode

21/70 Albert Road, South Melbourne VIC 3205

$760,000 - $830,000

Apartment 2 Beds 2 Baths 2 Cars
Listed: 10 days ago
Overview

Located on the fifth floor, this exceptionally spacious apartment combines generous living areas with thoughtful design to offer a harmonious urban retreat. The light-filled open-plan living space expands seamlessly onto a private balcony, inviting natural light and fresh air to enhance daily living. Practicality meets elegance in the wooden-style kitchen, complete with modern appliances including an electric cooktop, oven, and dishwasher, all complemented by ample storage cabinetry.

The accommodation is designed for comfort and convenience, featuring two bedrooms each with ceiling fans for optimal airflow. The master bedroom boasts a walk-in robe and private ensuite, while the second bedroom includes mirrored built-in robes, providing generous storage options. An additional central bathroom, a separate powder room, and a laundry area ensure functionality for residents and guests alike.

Further enhancing the apartment’s appeal is a spacious internal storeroom located on the same floor, offering valuable extra storage that caters to busy city lifestyles. Parking is well accommodated with two car spaces, including one undercover and one outdoor bay, a rare advantage in this inner-city location.

Ideal for professionals or investors, the apartment currently benefits from an approximate 6% rental yield, with favorable prospects for increase in 2027. This property’s proximity to Albert Park, the Royal Botanic Gardens, and the Melbourne CBD provides easy access to a vibrant city lifestyle balanced with the tranquility of nearby green spaces, making it an attractive choice for those seeking a well-rounded urban living experience.

Local Market Insights

In South Melbourne, Quiet Listings observed 21 new apartments entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $921,381. The property type mix of listed properties is predominantly Apartments at 51%, followed by houses (37%), and commercial properties (9%). The most active agency for apartments in the South Melbourne area is currently Marshall White, representing 19% of new listings, followed by Belle Property with 14%. 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.