SOLD
Sold on 28 Oct 2023 for $1,030,000

389 Park Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 120m2
Sold By
Cayzer Real Estate
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Property Details for 389 Park St, South Melbourne

389 Park St, South Melbourne is a 2 bedroom, 1 bathroom House and was built in 1900. The property has a land size of 120m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 2 bedroom House sold in South Melbourne in the last 12 months.

Building Type
House
Year Built
1900
Land Size
120m2
Local Government
Port Phillip
Lot/Plan
1/TP443092

Last Listing description (January 2024)

With plenty of terrace appeal over a charming single level, and with a wealth of potential for buyers who want to modernise this delightful South Melbourne abode, this 2 bedroom residence is sure to grab the attention of many.

Magical soaring ceilings and an entry hall with beautiful archway is a reminder of the gorgeous period detail this property still retains. Two sizeable front bedrooms both enjoy great space, with one of the bedroom promising a skylight while the other offers an original fireplace.

Relax in the separate and well-sized living and dining zones, with the well-appointed kitchen easily servicing the dining space. Other home highlights include a bathroom with private toilet, laundry, air-conditioning, inviting back courtyard with covered area, and ample street parking options.

Park Street is one of South Melbourne's most exclusive streets, which is only moments to Clarendon Street restaurants and shops, Albert Park and Middle Park shopping villages, South Melbourne Market, Albert Park Primary School, Albert Park College, St Vincent Gardens, Albert Park Lake, MSAC, and trams.

Inspect during scheduled open times or by appointment with the agent.
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Property History for 389 Park St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$1,030,000
28 Oct 2023
Listed for Rent
$460/w
03 Nov 2021
  • 28 Oct 2023
    Sold for $1,030,000
  • 05 Oct 2023
    Listed for Sale Not Disclosed
  • 21 Sep 2021
    Listed for Rent $500 / 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 11,216 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.
There are currently 37 properties listed for sale, and 43 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 441 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 for any loss or damage arising in connection with the data and information contained in this publication.