SOLD
RECENT ADVICE
Sold on 18 Oct 2024 for $605,000

1207/338 Kings Way
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 1207/338 Kings Way, South Melbourne

1207/338 Kings Way, South Melbourne is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Apartment sold in South Melbourne in the last 12 months.

Building Type
Apartment
Local Government
Port Phillip
Lot/Plan
1207/PS646650

Last Listing description (October 2024)

Spectacular sweeping city skyline views reign supreme high above Kings Way with this substantial 2 bedroom, 2 bathroom and balcony apartment in the iconic Silverleaf building. Absolutely north-facing crowning a premier 12th-floor position, few opportunities compare to this stunning single-level apartment that with its luxurious modern style, banks of full-height glazing and breathtaking vistas including the city and the bay presents a compelling case as one of South Melbourne’s best. An inviting oak-floored hallway lined with customised cupboard space and a cleverly concealed laundry extends effortlessly through to a state-of-the-art kitchen where integrated fridge/freezer, pull-out pantry, stone benchtops and European stainless-steel appliances make daily preparations and entertaining guests a royal affair each and every time. An extensive arc of floor-to-ceiling windows creates a magnificent backdrop encompassing a range of city landmarks that’s no better illustrated than from a spacious and stylish living room and dining area that seamlessly connect to a north-facing balcony, ideal for alfresco entertaining or simply soaking in the panoramic views. Accompanied by a superb central bathroom, accommodation is excellent and consists of 2 brilliant bedrooms with mirror built-in robes where a sumptuous main bedroom capturing a sensational city outlook offers a chic ensuite, while the second bedroom enjoys a view to the bay. Also includes ducted heating and cooling, a secure basement car parking space and a storage cage. The only way is upwards and onwards with this deluxe sky-high sanctuary surveying the city that’s perfectly positioned for outstanding convenience close to the Royal Botanic Gardens, Albert Park Lake, the bustling South Melbourne Market, great cafes, fine dining, fashionable shopping, new ANZAC train station, trams, private schools, MSAC, CBD arts and entertainment precincts, and a selection of sandy Port Phillip beaches.

Property History for 1207/338 Kings Way, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$605,000
18 Oct 2024
Listed for Rent
$450/w
15 Mar 2021
  • 18 Oct 2024
    Sold for $605,000
  • 03 Oct 2024
    Listed for Sale $590,000 - $620,000
  • 29 Jan 2021
    Listed for Rent $450 / week
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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 11,161 properties. Over the last 5 years, Houses in South Melbourne have seen a 9.87% increase in median value, while Units have seen a 2.12% increase. As at 31 October 2024:

  • The median value for Houses in South Melbourne is $1,619,416 while the median value for Units is $605,499.
  • Houses have a median rent of $700 while Units have a median rent of $625.
There are currently 40 properties listed for sale, and 53 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 409 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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Gus Izzo
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Jellis Craig Fitzroy
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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.