298 Bank StreetSouth Melbourne VIC 3205
Property Details for 298 Bank St, South Melbourne
298 Bank St, South Melbourne is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1985. The property has a land size of 144m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (June 2021)
From the minute you step through the front door, you will be delighted with every aspect of this home. Meticulously renovated with consideration to future expansion, the beautifully presented property has been thoughtfully designed to make the most of the northern orientation at the rear and the easy off street parking.
You are greeted with a spacious entry hallway with Italian tiles and the wooden detailing of the stairwell. The lower floor comprises of two generous bedrooms, a large bathroom with separate bath, functional designed laundry and ample storage. Below the floor on both levels is under floor heating to keep your feet and the property warm on those cold winter nights.
Upstairs you are greeted with a huge open plan living and dining area, modern kitchen and a large north facing balcony accessed via the retractable sliding doors which opens up the living area onto the balcony. There is a concealed powder room, a study nook for the home office and plenty of additional storage.
The location is hard to beat and within minutes to everything. Walk to the famous South Melbourne Market, St.Vincents gardens and Albert Park Village where you are spoilt for choices with cafes and restaurants. A selection of schools are all within walking distance and you have the choice of the light rail or tram to take you into the CBD in minutes.
The property has been designed and engineered for future expansion to a third level for 2 additional bedrooms and bathrooms and a roof deck STCA. This is a rare find, move in and enjoy the amazing lifestyle the home offers and know that as your family expands, so can your home.
Property History for 298 Bank St, South Melbourne, VIC 3205
- 22 May 2021Sold for $1,700,000
- 28 Apr 2021Listed for Sale UNDISCLOSED
- 23 Sep 2011Listed for Rent $660 / week
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0About 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 11,216 properties. Over the last 5 years, Houses in South Melbourne have seen a 35.74% increase in median value, while Units have seen a 2.45% increase. As at 31 August 2024:
- The median value for Houses in South Melbourne is $1,791,704 while the median value for Units is $597,361.
- Houses have a median rent of $750 while Units have a median rent of $625.
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