OFF MARKET

701/97 Palmerston Crescent
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Property Details for 701/97 Palmerston Cres, South Melbourne

701/97 Palmerston Cres, South Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2015. While the property is not currently for sale or for rent, it was last sold in June 2020.

Building Type
Unit
Year Built
2015
Local Government
Port Phillip
Lot/Plan
1701/PS701488

Last Listing description (June 2020)

Expressions of Interest close Monday 15th June at 5pm - Unless Sold Prior.

Revealing the most extraordinary views of its inner-urban surrounds and the city skyline - both from its impressive interior and from its extraordinarily privileged, exclusive, rooftop entertaining zone - this remarkable two bedroom penthouse apartment instantly announces itself as a truly unique lifestyle proposition. Sitting proudly at the very pinnacle of the highly sought-after 'Orbis' building, within metres of both Clarendon St and Albert Park Lake, the home allows you to immerse yourself in the very best of South Melbourne and Albert Park, then return home to a residence with an incredible 5 parking spaces, 4 storage cages and exclusive access to the rooftop for unforgettable home entertaining. An open-plan living area in which its largely undercover, north-facing balcony and spectacular city views are the unashamed highlights, also showcases a Miele-equipped kitchen with a convection cooktop, stone benchtops, soft close cabinetry and a concealed Fisher & Paykel dish-drawer, all of which cater to gourmet cooking. Then, of course, you can step outside to privately access the extraordinary proportions of the rooftop with a built-in BBQ. Meanwhile, each of the bedrooms is distinguished by vaulted ceilings and huge built-in robes - the master with a vogue ensuite that is themed to the home's central bathroom - and there is a European laundry as well as central heating and cooling. Distinguished by an authentically urban and edgy façade, the building also offers the secure peace-of-mind of video entry, basement parking, 4 storage units and a fob accessed elevator. Wander easily to a terrific range of cafes, fine dining and bars, as well as Albert Park Lake, MSAC and the fresh produce of South Melbourne Market, plus you have trams nearby that can have you in the CBD or Southbank in just a handful of minutes.

Property History for 701/97 Palmerston Cres, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$950,000
12 Jun 2020
  • 12 Jun 2020
    Sold for $950,000
  • 24 Apr 2020
    Listed for Sale EOI $875,000 - $950,000

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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 11,171 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 34 properties listed for sale, and 54 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 412 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.