SOLD
Sold on 24 Jul 2024 for $550,000

705/97 Palmerston Crescent
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
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Buxton St Kilda
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Property Details for 705/97 Palmerston Cres, South Melbourne

705/97 Palmerston Cres, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015. The property has a floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit
Year Built
2015
Floor Size
54m2
Local Government
Port Phillip
Lot/Plan
1705/PS701488

Last Listing description (August 2024)

Indulge in state-of-the-art styling and breathtaking views of the city skyline and Albert Park from this dynamic apartment in the architecturally designed Orbis building. Located in a prime South Melbourne position, this residence offers an enticing lifestyle or investment opportunity with effortless access to Albert Park Lake, the Botanic Gardens, South Melbourne Market, Clarendon Street shops and cafes, MSAC, Port Melbourne Beach, and various public transport options.

The master bedroom features a built-in robe and ensuite, while the open-plan living and dining area is bathed in natural light. A sleek stone kitchen boasts high-quality appliances, and the expansive 45sqm terrace offers sweeping leafy views. Additional amenities include a Euro laundry, ducted heating and cooling, a storage cage, and underground-level parking. Enjoy a short stroll to Albert Park Lake and MSAC, with South Melbourne Market, the Botanic Gardens, and the Domain Precinct all just moments away. This apartment embodies modern luxury in an unparalleled location.

Property History for 705/97 Palmerston Cres, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$550,000
24 Jul 2024
Listed for Rent
$500/w
19 Jun 2020
  • 24 Jul 2024
    Sold for $550,000
  • 17 Jun 2024
    Listed for Sale Private Sale: $550,000
  • 23 Jul 2021
    Sold for $580,000
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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.
There are currently 51 properties listed for sale, and 54 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 407 properties were sold in the past 12 months in South melbourne.

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