Back 19 Rankins Rd
Off Market

19 Rankins Rd

Kensington VIC 3031

2
1
7
399 m²
Apartment
Last sold for $2,275,000
Simon MasonSimon Mason, last sold this property on 29 May 2025 after 24 days on market.

Overview

Rare Apartment Complex 4km From CBD

An opportunity seldom seen or offered in what is one of inner-Melbourne's most cherished enclaves, this entire block of six updated units on a dual-frontage parcel promises enticing yield and room for further growth. Sprawling over almost 400sqm of land with on-site car parks and rear frontage to a wide laneway, the block proves attractive as a six-unit investment generating dependable income long into the future, while further upside is available through the potential of land banking and future development. As it stands, each revamped unit comprises two robe-lined bedrooms, a sizeable bathroom, substantial living/dining area, modern kitchen, and dedicated car space, with combined income in the vicinity of $150,000 per annum. Under 4km from Melbourne's CBD, it's brilliantly positioned with the celebrated cuisine and village vibrancy of Racecourse and Macaulay Road at each end of the street, while also just metres from Newmarket, Kensington Village, Flemington Bridge, Macaulay Station, the local shopping plaza with Woolworths, city-bound 57 tram and CityLink for quick cross-town commutes.

Features

2 bedrooms
1 bathroom
7 carspaces
399 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Kensington over the last 12 months, the estimated median property value of 19 Rankins Rd is $505k.

Median value
$505k
Estimated value range
$377.5k - $2.27m
Median days on market
33
Estimated value trend
-6%
decrease 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 19 Rankins Rd

2025
Sold
$2,275,000
Auction Sale on 29 May 2025 by Simon Mason, of Jellis Craig Kensington
2023
Rented
Undisclosed
Leased on 26 Sep 2023 by Property Initiatives Real Estate
2019
Sold
Undisclosed
Private Sale/Treaty on 09 Jul 2019 by Lou Rendina, of Rendina 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 2 bedroom apartments in Kensington

In the last 12 months, 51 two-bedroom apartments similar to 19 Rankins Rd, have been sold.

This represents a 25% increase in two-bedroom apartments sales when compared to the previous 12 months.

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