Back 102/87 Lambeth Street
Off Market

102/87 Lambeth Street

Kensington VIC 3031

1
1
64 m²
Apartment
Last sold for $537,000
Stephen SimmondsStephen Simmonds, last sold this property on 27 March 2026 after 16 days on market.

Overview

Warehouse Scale with Soho Style

Set within an architect-designed conversion of a former shoe warehouse, this oversized one-bedroom residence offers a rare opportunity to experience authentic warehouse living in the heart of Kensington. One of only twelve residences in this boutique building, Apartment 102 combines industrial character with contemporary comfort across 64sqm* of internal living space, complemented by an 8sqm* alfresco balcony. Soaring 3.8 metre* raked ceilings create a remarkable sense of scale, light and architectural drama throughout the expansive open-plan living and dining domain. Full-height sliding glass doors extend the interior to a private veranda with retractable awnings and leafy street outlooks, creating an inviting outdoor space ideal for entertaining or relaxing year-round. The well-designed kitchen is both functional and welcoming, positioned with surrounding windows that maximise natural light and airflow. The generous bedroom is serviced by a stylish bathroom, while a separate study with sliding door provides an ideal work-from-home environment without compromising privacy. Additional features include a concealed European laundry with NBN connectivity, excellent linen storage and a secure basement lock-up storage room with dedicated space for bicycles and e-bikes. Positioned in a tightly held warehouse conversion rich in character, the apartment enjoys immediate access to Kensington’s vibrant village lifestyle. Cafes, bars, supermarkets and local shops are all within easy walking distance, along with Kensington and Macaulay stations, Racecourse Road trams and the scenic Moonee Ponds Creek Trail, ensuring effortless connection to the CBD. A distinctive residence combining authentic warehouse character, generous proportions and an exceptional inner-city lifestyle. *Approximate

Features

1 bedroom
1 bathroom
64 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Kensington over the last 12 months, the estimated median property value of 102/87 Lambeth Street is $403.5k.

Median value
$403.5k
Estimated value range
$314.5k - $537k
Median days on market
23
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Kensington. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 102/87 Lambeth Street

2026
Sold
$537,000
27 Mar 2026 by Stephen Simmonds, of Jas Stephens Real Estate

Happy sellers in Kensington

94%
94% of sellers in Kensington reported that their sale price either exceeded or met their price expectations.

Kensington stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 21 reviews in Kensington over the last 12 months.

Local market activity for 1 bedroom apartments in Kensington

In the last 12 months, 34 one-bedroom apartments similar to 102/87 Lambeth Street, have been sold.

This represents a 10% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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