Residential Property

3/324 Montague Street

Albert Park VIC 3206, Australia

1Bedrooms
1Bathrooms
1Parking
200 m²Land size
25 m²Internal area

Snapshot

Key points for 3/324 Montague Street.

  • 1 bedroom, 1 bathroom, 1 parking space
  • Estimated market value: $2,810,000
  • Recorded price: $2,440,000
  • Loft conversion of turn‑of‑the‑century stables
  • Heritage‑listed precinct

About this property

yardizepropertyrecord
3/324 Montague Street is in Albert Park, VIC and is presented as a House with 1 bedroom, 1 bathroom, 1 parking space, land size of 200 m², internal area of 25 m². Price: $2,440,000. The estimated market value is $2,810,000 and the estimated weekly rent is $718 per week

Also written as Unit 3, 324 Montague Street.

Key details

Locality
Albert Park
State
VIC
Coordinates
37.840077 / 144.955126
GNAF PID
GAVIC410732401
Legal parcel ID
1\TP448263
Remoteness area
Metro
Property type
House
Unit land size
200 m²
Unit internal area
25 m²
Built
1970
Bushfire risk
None detected
Flood risk
None detected
Heritage overlay
Detected
Zoning
Neighbourhood Residential Zone – Schedule 2
Energy efficiency rating
Not known
Land Use Category
Residential

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent
$718
Expected property value
$2,810,000
Estimated yield
1.33%
Confidence
Medium

Based on the comparable property evidence currently available.

Rental history

EventDateWeekly rent
Lease
7 Oct 2025
Unit; First known tenancy record for the unit.
$380/week

Property insights

Property Features

  • Loft conversion of turn‑of‑the‑century stablesFrank gordon – “ the loft – unique charm"
  • Heritage‑listed precinct
  • Heritage‑listed location: The unit sits within a heritage‑detected block of former stables behind St Vincent’s Place
  • Rental market discrepancy: Actual lease $380/week (Oct 2025) vs portal Estimated weekly rent $940/week (2026‑03‑31)

Recorded sales and leasing agents

Recorded sale agency
Frank Gordon Estate AgentsFrank gordon – “ the loft – unique charm"
Recorded listing contacts
Karen McBride 039 645 2411 Team Leader & Senior Property Manager Frank Gordon Jr 039 645 2411 Senior Sales Executive

Ownership mix

Approximate occupancy mix for the surrounding area
Owner-occupied
50%
Renter-occupied
50%

Real Estate Agencies

Ordered by:
Gary Peer & Associates (St Kilda) - ST KILDA
3.7 km
Marshall White - Port Phillip
0.1 km
Buxton - Port Melbourne
1.0 km
Jellis Craig - Port Phillip
0.1 km
BigginScott - Richmond
3.7 km
Kay & Burton - Bayside
4.8 km
Nick Johnstone Real Estate - Brighton
8.2 km
WHITEFOX Real Estate - Port Phillip
0.1 km
James Nicolaou Real Estate - Port Phillip
1.5 km
Belle Property - Albert Park
0.3 km
Wilson Agents - Glen Eira
7.0 km
Melbourne Residential Real Estate - Southbank
3.2 km
Hodges - Prahran/South Yarra
3.4 km
* Approximate straight-line distances

Nearby schools

Type:
Ordered by:
Albert Park Primary School
0.3 km
Primary school | Government
Middle Park Primary School
0.9 km
Primary school | Government
South Melbourne Park Primary School
0.7 km
Primary school | Government
Albert Park College
0.8 km
Secondary school | Government
Galilee Regional Catholic Primary School
0.5 km
Primary school | Independent
Port Phillip Specialist School
1.2 km
Special school | Government
Macrobertson Girls High School
1.5 km
Secondary school | Government
Montague Continuing Education Centre
1.1 km
Special school | Government
South Melbourne Primary School
1.2 km
Primary school | Government
Victorian College of the Arts Secondary School
1.5 km
Secondary school | Government
Melbourne Grammar School
1.8 km
Combined school | Independent
Wesley College
2.3 km
Combined school | Independent
Port Melbourne Primary School
2.0 km
Primary school | Government
St Kilda Park Primary School
2.8 km
Primary school | Government
South Yarra Primary School
2.7 km
Primary school | Government
Port Melbourne Secondary College
2.2 km
Secondary school | Government
Melbourne Girls' Grammar School - An Anglican School
2.7 km
Combined school | Independent
Prahran High School
3.4 km
Secondary school | Government
Ozford College
3.0 km
Secondary school | Independent
Melbourne High School
3.6 km
Secondary school | Government
* Approximate straight-line distances

Frequently asked questions

How many bedrooms, bathrooms, parking spaces, or other key details are listed?

3/324 Montague Street is described with 1 bedroom, 1 bathroom, 1 parking space, land size of 200 m², internal area of 25 m², built around 1970

What heritage zone does 3/324 Montague Street fall within?

The property is located within a heritage‑listed precinct behind St Vincent’s Place

Which tram stop is closest to the property?

The nearest tram stop is Bridport St/Montague St, approximately 0.1 km away

What is the character of the Albert Park suburb?

Albert Park is an inner‑city suburb known for heritage buildings, wide streets, cafes, parks and mature trees, situated 4 km south of Melbourne’s CBD

En.wikipedia.org
What kind of property is this?

3/324 Montague Street is listed as House in Albert Park, VIC

What asking price or listing price is shown?

3/324 Montague Street includes price $2,440,000

What Calculated market estimate or Estimated weekly rent is available?

The calculated market estimate is $2,810,000, the calculated weekly rent is $718 per week, and the indicative gross yield is 1.33%

What utilities, overlays, or risk details are noted?

Utilities and overlays include zoning recorded as Neighbourhood Residential Zone – Schedule 2 and overlay details of bushfire Not detected, flood Not detected, and heritage Detected

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