OFF MARKET

503/138 Ferrars Street
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1970m2
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Last updated 4 Nov 2024
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Property Details for 503/138 Ferrars St, South Melbourne

503/138 Ferrars St, South Melbourne is a 1 bedroom, 1 bathroom Unit. The property has a land size of 1970m2.

Building Type
Unit
Land Size
1970m2
Local Government
Port Phillip
Lot/Plan
503/PS847286

Last Listing description (August 2023)

Eligibility requirements below:

Renters must meet the following criteria.
Single adults - income up to $64,020 (gross) per annum

Couple, no dependants, income up to $96,030 (gross) per annum
Family (with one or two dependant children) income up to $134,450 (gross) per annum.

A new way of living has arrived at Montague Square. A development purpose-built for long term tenants. With amazing services such as parcel delivery lockers, pet care (yes - It's pet friendly), laundry services, cleaning and more all available to residents. Plus you benefit from an on-site concierge who coordinates community functions and maintenance and whose role is to make your life easier! Lease for 3 years or less by mutual agreement.
The development further benefits from a gym, meeting room, resident lounge and function room.

This apartment features an optimal design with zones for cooking and dining. The kitchen features stone benchtops, glass splashback, stainless steel appliances including gas cooktop and full-size dishwasher. The bedroom is a great size with loads of storage and opens directly to your large, sheltered, and private balcony. There is a stunning fully tiled central bathroom and euro laundry. Each apartment has a designated pushbike storage space.
Optional storage cage designs to suit your needs and budget (some are large enough to fit a canoe!)

Situated opposite South Melbourne Primary school, with the light rail just around the corner and the South Melbourne Market and shopping precinct just a stroll away this is uber convenient living.

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Property History for 503/138 Ferrars St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Listed for Rent
$390/w
17 Jan 2023
  • 04 Aug 2023
    Listed for Rent $390 / week
  • 13 Dec 2022
    Listed for Rent $390 / 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 11,171 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 34 properties listed for sale, and 55 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 414 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.