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84 Reed Street, Albert Park, Vic 3206 Sold
84 Reed Street, Albert Park, Vic 3206 84 Reed Street, Albert Park, Vic 3206-Image 84 Reed Street, Albert Park, Vic 3206-Image 84 Reed Street, Albert Park, Vic 3206-Image 84 Reed Street, Albert Park, Vic 3206-Image 84 Reed Street, Albert Park, Vic 3206-Image 84 Reed Street, Albert Park, Vic 3206-Image 84 Reed Street, Albert Park, Vic 3206-Image 84 Reed Street, Albert Park, Vic 3206-Image 84 Reed Street, Albert Park, Vic 3206-Image 84 Reed Street, Albert Park, Vic 3206-Image 84 Reed Street, Albert Park, Vic 3206-Floorplan

84 Reed Street, Albert Park, Vic 3206

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

House
Type
4
Bedrooms
4
Bathrooms
2
Parkings
288 m²
Area

Last updated on Wednesday, October 14, 2026 ( See property details for 84 Reed Street, Albert Park, Vic 3206)

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

  • 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)

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.

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).
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

Expressions of Interest - All offers to be submitted by July 30th @6pm - Unless Sold Prior.

Situated in one of Albert Park's most sought-after streets, just metres from the foreshore, this amazing opportunity to renovate, extend or rebuild (STCA) on a substantial 288m² (approx.) allotment with the highly desirable advantage of rear lane access.

Whether you're dreaming of restoring the existing home to its former glory, creating a stunning contemporary residence, or designing a brand-new luxury home (STCA), this blue-chip address provides the perfect foundation for your vision.

Positioned just moments from the beach, Albert Park Village, vibrant cafés, restaurants, boutique shopping, trams and parklands, this is an increasingly rare opportunity to secure a sizeable parcel in one of Melbourne's most prestigious bayside suburbs.

Currently leased out as 4 separate tenancies ( periodically ) with a combined annual income of $84,000 approx.

Property Features:
288m² (approx.) allotment in a tightly held location
Valuable rear lane access offering exceptional flexibility
Outstanding renovation, extension or redevelopment opportunity (STCA)
Existing period home with immense scope to add value
Walk to the beach, Albert Park Village, cafés, restaurants and public transport
Surrounded by premium homes in a prestigious beachside setting

Opportunities of this calibre are few and far between. Secure an enviable Albert Park address and create a home that will stand the test of time.
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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