605/41 Bank StreetSouth Melbourne VIC 3205
Property Details for 605/41 Bank St, South Melbourne
605/41 Bank St, South Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2022. The property has a land size of 58m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in South Melbourne in the last 12 months.
Property History for 605/41 Bank St, South Melbourne, VIC 3205
- 12 Mar 2024Sold for $505,000
- 27 Oct 2023Listed for Sale $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 11,164 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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