509/338 Kings WaySouth Melbourne VIC 3205
Property Details for 509/338 Kings Way, South Melbourne
509/338 Kings Way, South Melbourne is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Apartment sold in South Melbourne in the last 12 months.
Last Listing description (May 2024)
On the cusp of Albert Park Lake and capturing views of the city, this stylish and modern 5th floor apartment offers a bright open-plan living area with floor to ceiling windows and polished timber floors that flows beautifully out to the balcony which boasts a northern orientation.
The kitchen space features a designer fit-out of Caesar stone surfaces with glass splash back, stainless-steel appliances, a drawer dishwasher and Euro laundry. The apartment further includes two sizeable bedrooms (both with mirrored built-in robes and main with CBD views), a large classy central bathroom with floor-to-ceiling tiles, central heating/cooling, video intercom entry, and a secure basement car space plus separate storage cage.
You truly have the best of Melbourne at your fingertips with unparalleled access to the CBD, Albert Park Lake, MSAC, and cosmopolitan Clarendon St, South Melbourne Market, Botanic Gardens, Arts Precinct, St Kilda Rd and public transport.
Here's your opportunity to purchase an affordable yet luxurious apartment with northerly aspects facing the city!
Property History for 509/338 Kings Way, South Melbourne, VIC 3205
- 01 May 2024Sold for $497,500
- 03 Apr 2024Listed for Sale $480,000 - $520,000
- 16 Aug 2018Sold for $475,000
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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 11,164 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.
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