1 Albert Road, Melbourne VIC 3004

Heritage luxury tower | 24/7 concierge & pool | North-facing gardens views | 2-min walk Anzac Station This unit offers a rare combination of heritage prestige and modern luxury amenities within a tightly held building. Its north-facing aspect guarantees light and views, while the location provides immediate access to transport and parks. This property best serves a long-term holder or investor seeking a low-maintenance, high-amenity lifestyle close to the CBD, with the building’s character ensuring enduring appeal against newer developments. The primary risk is the heritage overlay, which may restrict renovation potential and requires careful due diligence on body corporate fees maintaining premium facilities. The strong rental yield and historical long-term holds within the building signal a stable investment with capital growth tied to location scarcity. Acquire for hold; its value is in sustained occupancy, not short-term trade. Recent sales within the building demonstrate consistent demand and price stratification: – 102/1 Albert Rd (3 bed): Sold Feb 2026. – 65/1 Albert Rd (2 bed/2 bath/2 car): Value $1,466,000. – 37/31 Albert Rd (1 bed): Sold $530,000. – 23/1 Albert Rd (1 bed/1 bath/2 car): Sold $890,000 (Nov 2024). These transactions confirm the building’s market, where larger units command significant premiums. This one-bedroom unit’s value sits within the established lower band, supported by comparable yields near 4.3%, indicating its price is set by its configuration within a premium address.