402/188 Albert Road

Off Market

402/188 Albert Road

South Melbourne VIC 3205

119 m²

Apartment

Last sold for $960,000

Jon Kett, last sold this property on 03 August 2026 after 21 days on market.

Overview

Pure Azure on Albert Park Lake

Opposite Albert Park Lake in boutique 'Azure,' this superb two bedroom two bathroom fourth floor security apartment provides an oversized study with third bedroom potential. One of only ten in the building and only two at sub penthouse level, this exclusive apartment shines in its north facing open plan living and dining domain with its sun bathed balcony and entertainer's kitchen featuring Miele and Bosch appliances. A private wing contains the two spacious bedroom suites each with built in robes and a timeless ensuite including the main with a second set of robes and Albert Park Lake glimpses. The large study/potential third bedroom adjoins the powder room/third toilet, while the fitted European laundry is flanked by a bank of storage. Quiet at the back of the block, this peaceful apartment is finished with industrial inspired concrete floors, ducted heating/cooling, video intercom and lift access to a storage cage and secure undercover ground floor parking with easy, safe access via Eastern Road. Seconds to Albert Park Lake and local conveniences including cafes, eateries and bars, walk to MSAC's world class facilities, Clarendon Street's lively heart, numerous trams and Anzac station. PLEASE NOTE: There is potential for a 2nd car space.

Features

2 bedrooms

2 bathrooms

1 carspace

119 m² floor area

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in South Melbourne over the last 12 months, the estimated median property value of 402/188 Albert Road is $620k.

Median value

$620k

Estimated value range

$435k - $1.22m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in South Melbourne. 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 402/188 Albert Road

2026

Sold

$960,000

Private Sale/Treaty on 03 Aug 2026 by Jon Kett, of Jellis Craig Port Melbourne

2024

Rented

Undisclosed

Leased on 22 Jan 2024 by Jellis Craig Elwood

2022

Rented

Undisclosed

Leased on 04 Jan 2022 by Buxton Cayzer Albert Park

Happy sellers in South Melbourne

<50%

Less than 50% of sellers in South Melbourne reported that their sale price either exceeded or met their price expectations.

South Melbourne stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 22 reviews in South Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in South Melbourne

In the last 12 months, 106 two-bedroom apartments similar to 402/188 Albert Road, have been sold.

This represents a 2% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in South Melbourne for a free market appraisal.

Rohan White

at Buxton Port Phillip - Port Melbourne

4.9

(365 reviews)

Get a free market appraisal

Stefan Joannides

at Belle Property Albert Park

4.7

(10 reviews)

Get a free market appraisal

Besim Kanacevic

at Belle Property Albert Park

(193 reviews)

Get a free market appraisal

May Wang

at Melbourne Sotheby's International Realty

4.8

(32 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in South Melbourne

Rohan White

Rohan White is an award winning recommended agent for South Melbourne. They have 25 local sales and collected 8 local reviews across the last 12 months.