Apartment

3/85 Merton Street

Albert Park VIC 3206, Australia

2Bedrooms
1Bathrooms
1Parking
486 m²Land size
66 m²Internal area
$690,000Last sale (2018)

Snapshot

Key points for 3/85 Merton Street.

  • 2 bedrooms, 1 bathroom, 1 parking space
  • Estimated market value: $730,000
  • Recorded price: $730 k (mid‑estimate)
  • Low‑rise multi‑unit building (1 house + 7 apartments)
  • Heritage zone and flood‑risk area

About this property

yardizepropertyrecord
3/85 Merton Street is in Albert Park, VIC and is presented as an Apartment with 2 bedrooms, 1 bathroom, 1 parking space, land size of 486 m², internal area of 66 m². Price: $730 k (mid‑estimate). The estimated market value is $730,000 and the estimated weekly rent is $698 per week

Also written as Unit 3, 85 Merton Street.

Key details

Locality
Albert Park
State
VIC
Coordinates
37.84390896 / 144.95513325
GNAF PID
GAVIC410732997
Legal parcel ID
3\PS348428
Remoteness area
Metro
Property type
Apartment
Unit land size
486 m²
Unit internal area
66 m²
Built
1970
Bushfire risk
None detected
Flood risk
Flood risk detected
Heritage overlay
Heritage overlay detected
Land Use Category
Residential

Market estimates

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

Expected weekly rent
$698
Expected property value
$730,000
Estimated yield
4.97%
Confidence
Medium

Based on the comparable property evidence currently available.

Sales history

EventDatePricePrice per m²
Sale
28 Apr 2018
$690,000—
Sale
28 Apr 2018
$480,000—
Sale
4 Dec 2014
$615,000—
Sale
Conflict with building‑profile figure; both retained
$690,000—

Rental history

EventDateWeekly rent
Lease
(price not disclosed); Historical rental listing by Belle Property
—

Property insights

Building profile

  • Residential two‑bedroom apartment in a low‑rise block built circa 1970, located in a heritage‑zone with flood‑risk overlay
  • Planning constraints: Heritage overlay & flood risk overlay apply
  • Built: 1970

Property Features

  • Low‑rise multi‑unit building (1 house + 7 apartments)
  • Heritage zone and flood‑risk area
  • Valuation range (2026): $630 k – $830 k (midpoint $730 k)
  • Estimated weekly rent (2026): $670 /week (≈4.8 % gross yield)
  • Car spaces: 1

Recorded sales and leasing agents

Recorded sale agency (2018 sale)
Jellis Craig Port Phillip Pty Ltd recorded for the 2018 sale
Recorded listing contacts
Jellis Craig Port Phillip Pty Ltd Historical sale agent Belle Property Albert Park Historical rental agent (2016‑2017)

Ownership mix

Approximate occupancy mix for the surrounding area
Owner-occupied
35%
Renter-occupied
35%

Real Estate Agencies

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

Nearby schools

Type:
Ordered by:
Albert Park Primary School
0.3 km
Primary school | Government
Middle Park Primary School
0.5 km
Primary school | Government
Albert Park College
0.7 km
Secondary school | Government
South Melbourne Park Primary School
0.8 km
Primary school | Government
Galilee Regional Catholic Primary School
0.9 km
Primary school | Independent
Port Phillip Specialist School
1.4 km
Special school | Government
Montague Continuing Education Centre
1.5 km
Special school | Government
South Melbourne Primary School
1.6 km
Primary school | Government
Macrobertson Girls High School
1.7 km
Secondary school | Government
Victorian College of the Arts Secondary School
1.9 km
Secondary school | Government
Melbourne Grammar School
2.0 km
Combined school | Independent
Port Melbourne Primary School
2.2 km
Primary school | Government
Wesley College
2.2 km
Combined school | Independent
St Kilda Park Primary School
2.5 km
Primary school | Government
South Yarra Primary School
2.7 km
Primary school | Government
Port Melbourne Secondary College
2.4 km
Secondary school | Government
Melbourne Girls' Grammar School - An Anglican School
2.9 km
Combined school | Independent
Prahran High School
3.3 km
Secondary school | Government
Ozford College
3.5 km
Secondary school | Independent
St Michael's Grammar School
3.6 km
Combined school | Independent
* Approximate straight-line distances

Frequently asked questions

How many bathrooms are in the unit?

There is one bathroom

Which primary school is closest to the property?

Albert Park Primary School is the nearest government primary school, located about 0.3 km away

How many bedrooms does the unit have?

The apartment has two bedrooms

En.wikipedia.org
Is there parking available?

The property includes one covered car space

What is the estimated market value of the property?

The estimated market value is $730,000

En.wikipedia.org
What public transport options are nearby?

Tram stops at Bridport St/Victoria Ave and Richardson St/Victoria Ave are each approximately 0.3 km from the address

What kind of property is this?

3/85 Merton Street is listed as Apartment in Albert Park, VIC

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

3/85 Merton Street is described with 2 bedrooms, 1 bathroom, 1 parking space, land size of 486 m², internal area of 66 m², built around 1970

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