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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

2-4 Garden Avenue, East Melbourne VIC 3002

Expressions Of Interest $4,500,000 - $4,950,000

Search Band

$4.5M - $4.75M High Confidence Calculated based on strong search observations.

Apartment 12 beds 12 baths

Listed: 5 days ago

Overview

This distinctive property represents a singular opportunity to acquire an entire block of twelve strata-titled residences, uniquely positioned within the prestigious and leafy precinct of East Melbourne near the iconic MCG. This Moderne Art Deco block, designed by celebrated architect I.G. Anderson, stands as an architectural gem and a rare asset for investors seeking long-term growth.

The block comprises four studio apartments and eight one-bedroom residences, thoughtfully designed to offer a blend of comfort and functionality. The spacious layouts and generous natural light contribute to a serene living environment, while the historic architectural elements provide timeless character.

Occupying a coveted position on a tranquil cul-de-sac, the location offers immediate access to Melbourne's premier sports and entertainment facilities, alongside a vibrant city-scape. The property is well placed for professionals, downsizers, and investors looking for high-quality accommodation close to the CBD.

Signature Art Deco design exemplifies an era of architectural prominence with a heritage appeal
Robust investment potential supported by strata titling across twelve residences
Opportunity for future enhancements and value-adding projects in an iconic Melbourne location
Favourable lifestyle amenities including proximity to parks, cafes, and city transport options

Given the scale and calibre of the offering, this property promises a versatile and rewarding addition to an investment portfolio with scope for capital growth and rental income generation in one of Melbourne’s most prestigious suburbs.

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 86%, followed by houses (14%). 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.