FOR SALE
$1,050,000

121 Napier Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 120m2
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Period Potential In Prized Pocket

Capturing an enviable lakeside location this affordable brick 2-bedroom period home offers both immediate and long-term appeal. Providing an owner occupier or investor the opportunity to enjoy this prized position, moments from Albert Park Lake, MSAC, South Melbourne Market and the Clarendon Street shopping precinct.
With the convenience of multiple tram options to the CBD and beyond, close to the new Anzac station, while the number 1 tram offers direct access to the Melbourne Arts precinct or to South Melbourne beach via Albert Park village.
The current floorplan consists of entrance hall, large main bedroom with built in robes and a lovely leadlight bay window, second single bedroom or study, central living room with gas heating and adjacent galley style kitchen, bathroom with laundry facilities opening to the large rear garden courtyard.
Future potential is exciting with the convenience of rear right of way access and an allotment size of approximately 120 sq.m.
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Property Details for 121 Napier St, South Melbourne

121 Napier St, South Melbourne is a 2 bedroom, 1 bathroom House. The property has a land size of 120m2. The place is currently for sale with RT Edgar Albert Park.

Building Type
House
Land Size
120m2

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About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2011 was 9,317 people. By 2016 the population was 10,892 showing a population growth of 16.9% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation. In 2011, 44.8% of the homes in South Melbourne were owner-occupied compared with 40.2% in 2016.

South Melbourne has 11,251 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.22% increase in median value, while Units have seen a -1.85% decrease. As at 30 November 2024:

  • The median value for Houses in South Melbourne is $1,703,817 while the median value for Units is $603,220.
  • Houses have a median rent of $700 while Units have a median rent of $630.
There are currently 47 properties listed for sale, and 36 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 426 properties were sold in the past 12 months in South melbourne.

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Simon Jones
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RT Edgar Albert Park
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