SOLD
Sold on 29 May 2024 for $557,500

516/85 Market Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 851m2
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Buxton St Kilda
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Property Details for 516/85 Market St, South Melbourne

516/85 Market St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 851m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit
Year Built
2017
Land Size
851m2
Local Government
Port Phillip
Lot/Plan
516/PS721500

Last Listing description (June 2024)

Located at the heart of South Melbourne, impeccably presented 2-bedroom apartment on the 5th floor promises an urban charm, with South Melbourne market, beach, and CBD all within reach.
The residence boasts a stylish living and dining area seamlessly integrated with stone bench-tops and stainless steel appliances. Two generously-sized bedrooms with built-in robes, a sleek tiled bathroom, separate laundry and a sliding glass door leading to the large balcony complete this well-designed apartment.
Situated within the striking 'Teri' development, characterised by its grand lobby and access from both Market St and York St, the apartment showcases engineered Oak floors, reverse cycle air conditioning, video intercom, a storage cage, and secure basement parking.

Nestled in one of Melbourne's most iconic precincts, residents will find themselves in the middle of vibrant attractions, from Clarendon Street's renowned restaurant scene to the historic South Melbourne Market, St Ali Coffee, Patient Wolf Distillery, Pirate Life Brewery and a plethora of cultural cafes and pubs. Convenience is further enhanced by proximity to essential supermarkets, both the No.12 and No.96 trams at your doorstep and a leisurely stroll away from Southbank and Albert Park Lake.

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Property History for 516/85 Market St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$557,500
29 May 2024
  • 29 May 2024
    Sold for $557,500
  • 22 May 2024
    Listed for Sale Private Sale: $550,000 - $595,000
  • 28 Feb 2018
    Sold for $500,000

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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 11,202 properties.

    There are currently 29 properties listed for sale, and 38 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 466 properties were sold in the past 12 months in South melbourne.

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