About this property
Also written as Unit 62, 56 Derby Street.
Kensington VIC 3031, Australia
Also written as Unit 62, 56 Derby Street.
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
The property is about 4 km (approximately 2.5 mi) north‑west of Melbourne’s CBD, placing it within easy reach of the city centre
Three train stations serve the area – Kensington, South Kensington and Macaulay – all within 0.8 km. Tram route 57 runs along Racecourse Road and bus routes 402 and 404 travel along Macaulay and Kensington Roads
J.J. Holland Park is just 0.2–0.3 km away, and Bayswater Road Park is about 0.6 km distant. The newer Kensington Banks riverside park and the Women’s Peace Park also provide nearby green space
The historic Kensington Theatre is only 0.1 km away, and Kensington Town Hall lies roughly 0.8 km from the property, offering a range of local events and activities
Kensington is known for its village ambience, bustling cafés and a mix of architecture, from Victorian terraces to modern warehouse apartments. The area features hilly sections and tree‑lined streets, giving it a distinct inner‑city charm
Smithfield Road (part of the Princes Highway) runs to the north, while Racecourse Road marks the suburb’s northern edge. Epsom Road and Kensington Road intersect with Macaulay Road, offering direct routes toward the city
Historically the suburb housed major abattoirs, livestock saleyards and factories. After the saleyards closed in the 1980s, the area underwent significant urban renewal and is now recognised as a vibrant, socially progressive community
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