SOLD
Sold on 10 Apr 2024 for $240,000

1116/52 Park Street
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 24m2
Land area: 1027m2
Sold By
MICM Real Estate
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Property Details for 1116/52 Park St, South Melbourne

1116/52 Park St, South Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 1027m2 and floor size of 24m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
24m2
Land Size
1027m2
Local Government
Port Phillip
Lot/Plan
1116/PS647024

Last Listing description (April 2024)

Impeccably maintained with breathtaking bay views, this stylish 1 bedroom apartment is tailor-made for a smart South Melbourne start or a blue-chip investment with the promise of instant returns. Head downstairs and take an effortless stroll to Albert Park Lake, the Royal Botanic Gardens, the St Kilda Road precinct, tram choice to the CBD, South Melbourne Market and the upcoming Anzac Railway Station. Embrace a ready-made lifestyle on your doorstep!

Set on the 11th floor of the mid-rise Essence complex, a streamlined kitchen features marble surfaces, a mirrored splashback and high-quality appliances. Wide-reaching open-plan living and dining is framed by sliding floor-to-ceiling glass and an elegant Juliet balcony showcasing panoramic views of Port Phillip Bay and the neighbourhood skyline. Sharing similar spectacular views, a sizeable and naturally lit bedroom is serviced by mirrored built-in robes and a marble-finished bathroom boasting a fully tiled rainfall shower and a concealed laundry.

Additional features include split-system heating and cooling, roller blinds, day/night curtains and sleek floorboards in the bedroom, recessed down-lighting and video intercom entry. Designed by market-leading Elenberg Fraser, Essence comes complete with a plush foyer, rooftop cinema room/lounge, private dining, a fully equipped gym and a BBQ terrace with amazing city views. Inspect with confidence!

Outgoings:
Council Rates: $155.00 per quarter approx.
Water Rates: $166.00 per quarter approx.
Owners Corporation Fees: $455.39 per quarter approx.

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 1116/52 Park St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$240,000
10 Apr 2024
Listed for Rent
$280/w
18 Sep 2021
  • 10 Apr 2024
    Sold for $240,000
  • 15 Feb 2024
    Listed for Sale Contact Agent
  • 07 Oct 2021
    Listed for Rent - Price not available
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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 11,284 properties. Over the last 5 years, Houses in South Melbourne have seen a -1.21% decrease in median value, while Units have seen a -5.71% decrease. As at 28 February 2025:

  • The median value for Houses in South Melbourne is $1,631,239 while the median value for Units is $599,620.
  • Houses have a median rent of $700 while Units have a median rent of $625.
There are currently 53 properties listed for sale, and 30 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 438 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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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 liability for any loss or damage arising in connection with the data and information contained in this publication.