SOLD
RECENT ADVICE
Sold on 17 Dec 2024 for $645,000

706/38 Bank Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 80m2
Land area: 3827m2
Sold By
MICM Real Estate
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Property Details for 706/38 Bank St, South Melbourne

706/38 Bank St, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 3827m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
80m2
Land Size
3827m2
Local Government
Port Phillip
Lot/Plan
706/PS437418

Last Listing description (December 2024)

A stunning example of inspired South Melbourne living, this captivating 2 bedroom, 2 bathroom apartment stretches out in natural sunlight with wide-reaching allure. Set on the seventh floor of the highly prized Capri complex, head downstairs and embrace a tranquil neighbourhood united by convenience. Take a short stroll to the Royal Botanic Gardens, South Melbourne Market, Albert Park Lake, a new Woolworths nearby, the arts precinct, a choice of tram routes and Anzac Railway Station.

A gleaming kitchen boasts a breakfast bar with the addition of stainless-steel appliances including an upgraded Bosch dishwasher. Freshly painted throughout with brand-new floorboards underfoot, the open-plan layout reveals plenty of space for living and dining before connecting with a roomy sheltered balcony capturing summer sea breezes and commanding views over the neighbourhood including the majestic Shrine of Remembrance. Both robed and roomy bedrooms are newly carpeted and drenched in light with the larger of the two showcasing walk-in robes and a private ensuite. A principal bathroom enjoys full-height tiles, a shower over a bathtub, and a Euro-style laundry.

Take advantage of secure undercover parking, split-system heating and cooling, roller blinds with doubles in the bedroom, flowing curtains, video intercom entry, and resort-style use of an indoor swimming pool, tennis court, a fully equipped gym and a BBQ terrace. Nest or invest, welcome to the best!

Outgoings:
Council Rates: $327.00 per quarter approx.
Water Rates: $175.00 per quarter approx.
Owners Corporation Fees: $1,371.00 per quarter approx.

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 706/38 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$645,000
17 Dec 2024
  • 17 Dec 2024
    Sold for $645,000
  • 02 Oct 2024
    Listed for Sale $648,000 - $688,000
  • 12 Oct 2019
    Sold for $642,000
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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 11,254 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.22% increase in median value, while Units have seen a -1.85% decrease. As at 30 November 2024:

  • The median value for Houses in South Melbourne is $1,703,817 while the median value for Units is $603,220.
  • Houses have a median rent of $700 while Units have a median rent of $630.
There are currently 50 properties listed for sale, and 37 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 432 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.