Prestigious Ivanhoe Apartment Block Sold for $18.2 Million, Reflecting Strength in Melbourne’s Residential Market

A premium block of 30 luxury apartments at 1065 Heidelberg Road, Ivanhoe, along with two commercial tenancies, has been successfully sold and settled in one line for $18.2 million — a testament to the strength of Melbourne’s residential market.

Situated in the heart of Ivanhoe, just 10km northeast of Melbourne’s CBD, the property offers exceptional connectivity and lifestyle appeal. The location provides residents with easy access to the city via major arterial roads and public transport, including nearby train stations and bus routes. The area is also known for its prestigious schools, boutique shopping, vibrant café culture, and expansive parklands, making it a highly desirable suburb for both investors and owner- occupiers.

Built seven years ago, the development presents in as-new condition, reflecting the vendor’s meticulous upkeep and attention to detail. The two and three bedroom apartments, along with a stunning rooftop penthouse, showcase high-end finishes and spacious layouts, catering to the growing demand for premium living options in Melbourne’s inner suburbs.

The sale underscores ongoing confidence in Melbourne’s residential property market, particularly for well located, high quality assets. With demand for secure, long term investment opportunities remaining strong, this transaction highlights continued interest from both local and offshore buyers in Melbourne’s thriving real estate sector.

“We congratulate both the vendor and the purchaser on this successful transaction. The sale of this property reinforces the enduring appeal of Ivanhoe as a blue-chip residential location and the strength of the Melbourne market overall” said Raff DeLuise director Gross Waddell ICR.

Contact: Raff De Luise 0418 533 633 or rdeluise@gwicr.com.au