1705/38 Albert Road, South Melbourne VIC 3205

1705/38 Albert Road, South Melbourne VIC 3205
17th floor | 2 bed 2 bath 1 car | 74–81 m² | South Melbourne apartment | light-filled contemporary finish This apartment occupies a strong position in South Melbourne’s apartment market, where compact one-bedroom units are common and a genuine two-bedroom, two-bathroom layout with a car space is less typical. The 17th-floor elevation lifts it above the noise and street-level activity of the suburb, and the full-height windows and timber floors noted in descriptions suggest a finish that competes well with newer stock. It is best suited to an owner-occupier who values light, outlook, and a functional floorplan, or to an investor seeking a layout that appeals to professional couples or sharers. The size range of 74 to 81 square metres is efficient for the configuration, and the inner-city position supports strong ongoing demand from buyers who want proximity to the CBD without the density of the immediate city fringe. The variation in advertised size between 74 and 81 square metres may reflect whether the balcony or other common area is included, and this should be clarified against a floor plan or contract before forming a view on price. As a high-rise apartment, the property carries a limited land component, which may affect long-term capital growth relative to houses or townhouses in the same suburb. The building’s age and resident amenities are not confirmed, so the buyer should verify strata fees, building management quality, and any upcoming special levies. These factors may influence the property’s relative value compared with newer or more amenity-rich towers nearby.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1705/38 Albert Road, South Melbourne VIC 3205
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

South Melbourne is a tightly held inner-city suburb dominated by high-density living, attracting a broad buyer pool of owner-occupiers, downsizers, and investors. Demand is driven by its proximity to the CBD, education precincts, and lifestyle hubs, with a notable return of professionals and international students. The market is characterised by strong house price growth and a tight rental environment, though unit performance is more moderate. Future growth is underpinned by scarcity of quality stock and sustained migration, yet risks include a potential easing of pressure from rising listings and the inherent supply constraints of a mature locale.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

81m²

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat