311/148-150 Wells StreetSouth Melbourne VIC 3205
Property Details for 311/148-150 Wells St, South Melbourne
311/148-150 Wells St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.
Last Listing description (December 2024)
THE DEAL
The spacious proportions that have made THE TOWER so renowned are immediately evident in this inviting corner third-floor apartment, which is further enhanced by its prestigious address, known for its exceptional resident amenities. These include an on-site manager, tennis court, indoor pool, and gym, all of which contribute to both the lifestyle appeal and investment potential of the property. The apartment features a welcoming living/dining area with heating/cooling and a wide balcony, along with an immaculate original kitchen. Two bedrooms and a large main bathroom, plus a large walk in robe off the main bedroom which can become an ensuite.
SEALS THE DEAL
Property History for 311/148-150 Wells St, South Melbourne, VIC 3205
- 27 Nov 2024Sold for $605,000
- 21 Nov 2024Listed for Sale THE DEAL: Sold
- 30 Mar 2000Sold for $263,000
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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 11,254 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.
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