East Melbourne – The Place to Be

Superbly poised on the Eastern cusp of the city, the exclusive suburb of East Melbourne is renowned for its leafy streetscapes and proximity to gardens, transport, high profile amenities and Victorian houses for sale.

Enriched with historic buildings, period decadence and a wealth of architectural flair, this pocket of Melbourne beckons people from all stages of life, young professionals to retirees. According to REA, “Young singles make up the biggest proportion of East Melbourne’s residents, but middle-aged and older independent folk also call the area home.”

Median House Price: $3,100,000

Median Unit Price: $773,750

Median House Rent: $873pw

Median Unit Rent: $450pw

Walking to Treasury Gardens, the CBD and the MCG for a fulfilling weekend is one of this locale’s most sought after highlights, along with its propensity for grandiose double storey Victorian Terrace’s and a mix of both Art Deco and modern apartment blocks. These incredible features make East Melbourne a highly sought after position when buyers consider a home for sale, or look at the return of real estate rental in the area.

Having decades of experience and involvement within the suburb, RT Edgar’s knowledge and understanding of East Melbourne real estate makes for a valuable guide when looking for an inner city abode, or information on local property sales.

We have an incredible selection of outstanding East Melbourne real estate currently on the market:

90 Gipps Street, East Melbourne

An exceptional standard of luxury exists within this refined four bedroom Victorian terrace, showcasing a remarkable contemporary transformation elevated by Award Winning Carr Design Group.

SOI: $7,000,000 - $7,700,000

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https://www.rtedgar.com/property/90-gipps-street-east-melbourne-vic-3002/46441/

308 Albert Street, East Melbourne

Established as a school in 1918, this landmark period property is significant for its place in the City’s architectural history. Following a sensitive residential conversion, illustrious proportions now perform as a unique four-bedroom three-bathroom, solid brick family home on a prominent corner, directly opposite the magnificent Fitzroy Gardens.

SOI: $7,000,000

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Penthouse/58 Clarendon Street, East Melbourne

Crowning one of East Melbourne’s most iconic and tightly held buildings, the Clarendon Apartments’ penthouse and its remarkable rooftop provide over 310sqm approx. of accommodation surrounded by what must surely be Melbourne’s most spectacular views. Comprises three bedrooms, two bathrooms and two secure car spaces!

SOI: $6,000,000 - $6,500,000

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https://www.rtedgar.com/property/penthouse58-clarendon-street-east-melbourne-vic-3002/47945/

227 Wellington Parade, East Melbourne

Finished by architectural visionary Claudio Silvestrin, this magnificent street-front “Treasury Terraces” residence rises over three exceptional north facing levels comprising three bedrooms throughout.

SOI: $3,900,000 - $4,200,000

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https://www.rtedgar.com/property/227-wellington-parade-south-east-melbourne-vic-3002/46127/

To discuss your property plans or to seek further advice from one of our established real estate agents, contact our knowledgeable experts at our Melbourne Metro office in Toorak for further information.

[Source: REA March 2022]