SOLD
RECENT ADVICE
Sold on 11 Nov 2024 for $775,000

505/28 Bank Street
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 99m2
Sold By
MICM Real Estate
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Property Details for 505/28 Bank St, South Melbourne

505/28 Bank St, South Melbourne is a 3 bedroom, 2 bathroom Unit and was built in 2000. The property has a floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit
Year Built
2000
Floor Size
99m2
Local Government
Port Phillip
Lot/Plan
505/PS429423

Last Listing description (November 2024)

A fresh celebration of wide-reaching space, this captivating 3 bedroom, 2 bathroom apartment stretches out in a commanding corner position on the 5th floor of the highly prized Parkside complex. Head downstairs to a peaceful neighbourhood with convenience at its core. Take an easy walk to South Melbourne Market, the arts precinct, St Kilda Road trams, Asian grocers, a boutique supermarket, the Royal Botanic Gardens, mouth-watering eateries across the road, and the upcoming Anzac Railway Station.

Freshly painted with brand-new floorboards underfoot, spacious open-plan living and dining is complemented by a chef-ready kitchen boasting a breakfast bar and a dishwasher. Slide open floor-to-ceiling glass and the panoramic view from an undercover balcony sweeps across treetops and rooftops. Alfresco entertaining is all set to become your default position! The generously sized trio of bedrooms are newly carpeted, naturally lit and serviced by mirrored built-in robes and a fully tiled bathroom with a shower over a bathtub, while the main bedroom comes complete with a private ensuite.

Additional features include secure car parking, a Euro-style laundry with a wall-mounted dryer, split-system heating and cooling, new roller blinds, recessed down-lighting, video intercom entry, and resort-grade use of an indoor lap pool, a fully fitted gym, tennis court and a BBQ terrace. Inspect with certainty!

Council Rates: $378.00 per quarter approx.
Water Rates: $173.00 per quarter approx.
Owners Corporation Fees: $2,306.00 per quarter approx.

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 505/28 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$775,000
11 Nov 2024
Listed for Rent
$550/w
22 Sep 2020
  • 11 Nov 2024
    Sold for $775,000
  • 21 Aug 2024
    Listed for Sale $775,000
  • 07 May 2020
    Listed for Rent - Price not available
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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 11,161 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 40 properties listed for sale, and 53 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 409 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.