OFF MARKET

715/38 Bank Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 92m2
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Last updated 16 Dec 2024
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Property Details for 715/38 Bank St, South Melbourne

715/38 Bank St, South Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2000. The property has a floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
Unit
Year Built
2000
Floor Size
92m2
Local Government
Port Phillip
Lot/Plan
715/PS437418

Last Listing description (May 2020)

This house sized apartment (approx. 105m2) offers superb light filled living and an opportunity to enjoy the perfect Bayside lifestyle. Set within the highly sought Capri residential complex, this elevated and north facing apartment enjoys spectacularly bright living with gorgeous views over the tennis court which will never be built out. Large living and dining spaces are complemented by an exquisite gourmet kitchen and an oversized full length terrace.
Two luxurious bedrooms with BIRs (master with walk through robe and sparkling ensuite bathroom) second bedroom is complete with a central bathroom. The apartment is comprehensively appointed with a brand-new split system, new wool carpet, European style laundry, secure intercom entrance, storage cage, an abundance of internal storage and two excellent undercover car spaces that are not tandem but rather two standalone car spots. Positioned in an enviable location, moments from the Royal Botanic Gardens, St Kilda Road trams to the beach and city, South Melbourne market/ Clarendon Street precinct and MSAC.

Further features include visitor car parking, building manager, split-system cooling, communal resort style facilities including indoor heated pool, gym, BBQ area and tennis court. Apartments of this size and quality are rarely found in this price point. A perfect inner-city residence or astute long-term investment.

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Property History for 715/38 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$790,000
05 May 2020
  • 05 May 2020
    Sold for $790,000
  • 29 Apr 2020
    Listed for Sale $720,000 - $760,000
  • 22 Jun 2015
    Sold for $615,000
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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 11,251 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 46 properties listed for sale, and 36 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 423 properties were sold in the past 12 months in South melbourne.

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