OFF MARKET

701/55 Bay Street
Port Melbourne VIC 3207

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 103m2
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Property Details for 701/55 Bay St, Port Melbourne

701/55 Bay St, Port Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2006. The property has a floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
Unit
Year Built
2006
Floor Size
103m2
Local Government
Port Phillip
Lot/Plan
B701/PS500744

Last Listing description (August 2022)

Designed with an accent on form, function and style, wrapped by floor to ceiling windows, this sub penthouse showcasing a breathtaking 270-degree panorama of the city lights to the hues of Port Phillip Bay. This is further enhanced with the entertainer's terrace perfect for a G&T.

Extensively renovated and remodelled with high-end fixtures and finishes this abode is an urbane low-maintenance inner bayside lifestyle.
A free-flowing floor plan affording two sumptuous bedrooms, the master suite is serviced by a walk-in-robe and ensuite with stunning marble tiled walls and floor, a second bathroom with linen press storage, and a conveniently located laundry.

The extensive dining and living areas are again backdropped with bay and city views. Adjoining the heart of the home is the designer kitchen with Blumotion soft close cabinetry, Neff appliances, Zip hot water tap, and a Whispair externally vented range hood. Capped off by a cleverly integrated home office.

This stunning apartment is complemented with two side-by-side secure basement car parks conveniently located adjacent to the lift, plus three storage cages.

Features include: video intercom, zoned reverse cycle air-conditioning, Aeratron ceiling fans, and limewashed oak flooring. The complex provides an internal heated swimming pool, gym, visitors car parking, and secure bicycle storage. With all of this located on the doorstep of vibrant Bay Street, this is a lifestyle unlike any other!

Property History for 701/55 Bay St, Port Melbourne, VIC 3207

A timeline of how this property has performed in the market
Last Sold
$1,750,000
21 Jun 2022
  • 21 Jun 2022
    Listed for Sale SOLD - $1,750,000
  • 21 Jun 2022
    Sold for $1,750,000
  • 16 Mar 2022
    Listed for Sale $1,760,000
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About Port Melbourne 3207

The size of Port Melbourne is approximately 10.1 square kilometres. It has 34 parks covering nearly 11.2% of total area. The population of Port Melbourne in 2011 was 14,521 people. By 2016 the population was 16,168 showing a population growth of 11.3% in the area during that time. The predominant age group in Port Melbourne is 30-39 years. Households in Port Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Port Melbourne work in a professional occupation. In 2011, 50.9% of the homes in Port Melbourne were owner-occupied compared with 50.5% in 2016.

Port Melbourne has 13,207 properties. Over the last 5 years, Houses in Port Melbourne have seen a 1.30% increase in median value, while Units have seen a 2.23% increase. As at 31 October 2024:

  • The median value for Houses in Port Melbourne is $1,530,130 while the median value for Units is $843,205.
  • Houses have a median rent of $825 while Units have a median rent of $690.
There are currently 23 properties listed for sale, and 12 properties listed for rent in Port melbourne on OnTheHouse. According to CoreLogic's data, 484 properties were sold in the past 12 months in Port melbourne.

Suburb Insights for Port Melbourne 3207

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.