For Sale

84 Reed Street, Albert Park, Vic 3206-Image

84 Reed Street, Albert Park, Vic 3206

$2,400,000 - $2,600,000

House

Type

Bedrooms

Bathrooms

Parkings

288 m²

Area

Published on Thursday, July 02, 2026 ( See property details for 84 Reed Street, Albert Park, Vic 3206)

$2,400,000 - $2,600,000

View the agent price guide.

James Nicolaou - Real Estate Agent - James Nicolaou Real Estate - YARRAVILLE

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare Albert Park opportunity offering a versatile 288m² allotment with rear lane access, ideal for renovation, extension, or new build (STCA) in a highly sought-after bayside location.

🏡 Property Highlights

Prime location just metres from the foreshore and Albert Park Village
Substantial 288m² allotment with rear lane access
Outstanding opportunity to renovate, extend, or rebuild (STCA)
Currently leased as 4 tenancies with approx. $84,000 annual income
Surrounded by premium homes in a prestigious bayside suburb
Close to beaches, cafés, restaurants, boutique shopping, and public transport

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area
Waterfront / Views
Secure Parking
Home Office / Study
Ceiling Fans
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)

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84 Reed Street

Albert Park, VIC 3206

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Suburb and Property Insights of Albert Park, VIC 3206

Albert Park is a highly sought-after bayside suburb renowned for its stunning beaches, vibrant café culture, and picturesque parklands. It offers a prestigious lifestyle with excellent public transport, boutique shopping, and a close-knit community. The area features a mix of historic and modern homes, making it ideal for both lifestyle and investment. Its proximity to Melbourne CBD and major transport routes ensures exceptional connectivity. Surrounded by quality amenities and scenic views, Albert Park remains one of Melbourne’s most desirable addresses.

Frequently Asked Questions

What are the potential uses for this property?

This property offers versatile options including renovation of the existing home, extension, or rebuilding (STCA) to create a contemporary or luxury residence.

Is there scope for development or subdivision?

Yes, the property provides an outstanding opportunity for redevelopment or subdivision (STCA), given its substantial size and rear lane access.

What is the current rental income and lease status?

The property is currently leased as four separate tenancies, generating approximately $84,000 annually, with periodic lease arrangements.

What are the key features of the property’s location?

Located just moments from the beach, Albert Park Village, cafés, restaurants, boutique shopping, and public transport, offering an exceptional bayside lifestyle.

Are there any restrictions or planning considerations?

Any redevelopment or extension plans are subject to council approval and STCA (Subject To Council Approval).

What to ask about this property to agent?

Are there any zoning restrictions or easements affecting the property? What are the potential costs for renovations or rebuilds, including permits and approvals? Are there any existing defects or issues with the current structure? Is the property located in a flood or bushfire-prone area? Are there any upcoming planning or development activities in the vicinity that could impact the property? What are the strata or body corporate considerations, if applicable? Are there any hidden costs associated with the rear lane access or other features? Has the property been tested for asbestos or other hazardous materials? Are there any restrictions on future development or extensions? What are the noise levels and neighbour considerations in this area?

84 Reed Street, Albert Park, Vic 3206 - More Details

$2,400,000 - $2,600,000

Type: House
Bedrooms: 4
Bathrooms: 4
Parkings: 2
Area: 288 m²

Price guide

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Map & nearby places — 84 Reed Street, Albert Park, Vic 3206

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84 Reed Street, Albert Park, Vic 3206

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