503/201 Ferrars St, South Melbourne is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2023. The property has a land size of 612m2 and floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom Unit sold in South Melbourne in the last 12 months.
Sustainability meets innovation in this high performance dual-level penthouse, atop the multi award-winning Ferrars & York development. Enabled by HIP V. HYPE, designed in collaboration with Six Degrees Architects and built by Ironside, this remarkable residence delivers enviable living steps from South Melbourne Market, cafes, bars, restaurants and the light rail. All-day light streams through the open-plan living and dining room, enhanced by the soaring 5m raked ceilings, reclaimed hardwood timber floors, and premium Swiss V-ZUG kitchen appliances with honed granite island and stainless steel benchtops.
A private northeast-facing terrace is a seamless extension of the living and dining spaces, offering panoramic views of the city skyline and market below. Living across two levels makes the apartment live larger, separating sound between living and bedrooms. The lower-level accommodation offers solace for the bedrooms, headlined by the master with a walk-in robe and ensuite, plus two additional robed bedrooms and a central light-filled bathroom.
This penthouse is highlighted by European tilt-and-turn windows, premium Australian made products, ducted heating/cooling, an Energy Recovery Ventilation system for a constant supply of fresh, filtered air, ceiling fan to living areas, remote controlled external blinds and a full sized laundry. The apartment achieves a high 7.8-star (out of 10) NatHERS energy rating and is powered by 100% renewable energy, creating a sanctuary of remarkably quiet and comfortable living all year round, together with significant cost savings on energy bills. With the communal roof yard garden, BBQ and open fire place, as well as secure parking fully provisioned for EV charging, mezzanine storage and bike parking, it is mere minutes from the CBD, Albert Park Village, the beach, celebrated restaurants, and leading schools.
Recent Awards:
2024 Victorian Architecture Awards, Category Award Winner, Residential Architecture - Multiple Housing
Jury's Award for Excellence in Sustainability, City of Port Phillip Design & Development Awards 2024
Winner: City of Port Phillip Design & Development Awards 2024
Gold: Better Future Australian Design Awards 2024
Best of the Best: National Sustainability Awards 2023
Winner of the 2022 AFR Future Leaders Sustainability Awards
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 11,174 properties. Over the last 5 years, Houses in South Melbourne have seen a 20.54% increase in median value, while Units have seen a -1.71% decrease. As at 30 September 2024:
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