SOLD
Sold on 05 Mar 2024 for $702,500

403/79 Market Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 851m2
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Property Details for 403/79 Market St, South Melbourne

403/79 Market St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 851m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit
Year Built
2016
Floor Size
90m2
Land Size
851m2
Local Government
Port Phillip
Lot/Plan
403/PS723567

Last Listing description (November 2016)

This brand new sophisticated apartment complex will be ideal for professional couples or singles - located close by to Clarendon Street, South Melbourne Market, supermarkets, shops and cafes plus public transport, these apartments will lease fast! The apartment includes :
* Two good sized bedrooms with built in robes
* Study nook with built-in desk

* Open plan living with entertainment terrace
* Gourmet kitchen with stone bench tops and Smeg appliances - which include gas cooking and dishwasher
* Stylish Central bathroom
* Separate Euro laundry
* Timber flooring throughout living spaces
* Carpeted bedrooms
* Split system heating / cooling
* Large entertainment terrace which looks out onto Market Street
* The building offers communal outdoor space on level 7 with magical view of the city skyline
* The building will also be home to its own Caf downstairs
* 1 car stacker and storage cage (not suitable for 4WD)
* 76m2 internal - 14m2 terrace
PHOTO ID REQUIRED AT ALL INSPECTIONS
PLEASE NOTE: Open for Inspection Times and Property Availability are subject to change or cancellation without notice. Melway Ref 57G1.

Property History for 403/79 Market St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$702,500
05 Mar 2024
Listed for Rent
$550/w
05 Oct 2016
  • 05 Mar 2024
    Sold for $702,500
  • 04 Oct 2016
    Listed for Rent - Price not available
  • 04 Dec 2013
    Sold for $669,950

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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 11,163 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 42 properties listed for sale, and 53 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 417 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.