Back 504/255 Racecourse Rd
Off Market

504/255 Racecourse Rd

Kensington VIC 3031

1
1
Apartment
Last sold for $308,000
Kylie HarriganKylie Harrigan, last sold this property on 05 July 2024 after 22 days on market.

Overview

Lifestyle and Convenience Combined

Welcome to an urban oasis in the heart of Kensington. This sophisticated one-bedroom unit, perched on level five of a secure six-story building, offers a perfect blend of modern amenities and a prime location. Ideal for first-time buyers, investors, or professionals seeking a vibrant city lifestyle, this property is a testament to contemporary living with its sleek design and light-filled spaces. Nestled in a dynamic neighbourhood known for its bustling community atmosphere, this unit offers convenience, comfort and a touch of luxury. Step into the open-plan kitchen, dining and lounge area where every detail has been thoughtfully considered to create a harmonious living space. The modern kitchen features stainless steel appliances, a gas cooktop, ample bench space, and under-cabinet lighting area making it a chef's delight. The abundance of cupboards, ensures you have plenty of storage for all your culinary needs. The kitchen seamlessly flows into the spacious lounge and dining area, which is bathed in natural light. The split system air conditioning in the living room guarantees comfort all year round, making this space perfect for relaxing or entertaining guests. The bedroom is a sanctuary of comfort and style, featuring carpeting and a built-in wardrobe that provides ample storage for your wardrobe essentials. Large windows allow natural light to stream in, creating a bright and airy atmosphere. This well-appointed bedroom is designed to maximize space and comfort, ensuring you have a restful night's sleep and wake up rejuvenated each morning. The contemporary bathroom is both functional and stylish, featuring a sleek shower and modern fixtures. Additionally, the European laundry is conveniently tucked away, providing practicality without compromising on space. One of the standout features of this unit is the balcony that extends your living space outdoors. This balcony is perfect for alfresco dining, entertaining friends, or simply enjoying a quiet morning coffee while soaking in the views. With plenty of space for outdoor furniture, it's a versatile area that can be enjoyed throughout the year. The balcony's elevated position ensures a private and serene environment, making it a true highlight of this property. The building also offers a range of modern conveniences, including a secure intercom system, additional storage cage and a lift that ensures easy access to your unit on the fifth floor. Living here means you are perfectly positioned to enjoy all that Kensington has to offer. The suburb is renowned for its vibrant village atmosphere, with an array of shops, cafes and restaurants just a short stroll away. Both Kensington and Newmarket Train Stations are within easy walking distance, providing seamless access to the CBD and surrounding areas. The proximity to public transport options ensures commuting is a breeze, while the local amenities enhance the convenience of daily living. In addition to the central location, this unit is surrounded by a wealth of amenities and recreational facilities. The Kensington Leisure Centre, currently undergoing a remarkable state-of-the-art redevelopment, with its pool and gym, offers excellent fitness options, while nearby sports ovals and parklands provide ample opportunities for outdoor activities. The famous Flemington Racecourse and Royal Melbourne Showgrounds are also close by, hosting a variety of events throughout the year. With easy access to universities and major road links, this property truly ticks all the boxes.

Features

1 bedroom
1 bathroom
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 504/255 Racecourse Rd is $385k.

Median value
$385k
Estimated value range
$295k - $537k
Median days on market
21
Estimated value trend
4%
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 504/255 Racecourse Rd

2024
Rented
Undisclosed
Leased on 12 Aug 2024 by Jellis Craig Kensington
2024
Sold
$308,000
Private Sale/Treaty on 05 Jul 2024 by Kylie Harrigan, of BigginScott - Kensington
2023
Rented
Undisclosed
Leased on 05 Apr 2023 by Barry Plant Docklands

Happy sellers in Kensington

96%
96% 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 15 reviews in Kensington over the last 12 months.

Local market activity for 1 bedroom apartments in Kensington

In the last 12 months, 41 one-bedroom apartments similar to 504/255 Racecourse Rd, have been sold.

This represents a 8% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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