OFF MARKET

1005/250 City Road
Southbank VIC 3006

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 563m2
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Property Details for 1005/250 City Rd, Southbank

1005/250 City Rd, Southbank is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015. The property has a land size of 563m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
2015
Floor Size
55m2
Land Size
563m2
Local Government
Melbourne
Lot/Plan
1005/PS630696

Last Listing description (May 2023)

A stylish, modern and open plan living space will welcome you as you enter this great home. Bathed in light through floor to ceiling windows, cherish views of the worlds most liveable city, enjoy hot meals prepared in your modern kitchen and take pleasure in living in an apartment with plenty of space for a solitary resident or a couple.

This apartment is perfectly located in the heart of Southbank, it is very central to all key places in Melbourne, just minutes away from Crown Entertainment Complex, South Melbourne Market and Melbourne CBD. Public transport stops right at your doorstep.

A carpark and storage cage are also on title.

Property History for 1005/250 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$345,000
01 Mar 2023
Listed for Rent
$350/w
08 Oct 2021
  • 01 Mar 2023
    Sold for $345,000
  • 31 Oct 2022
    Listed for Sale UNDER OFFER
  • 30 Aug 2021
    Listed for Rent $350 / week
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About Southbank 3006

The size of Southbank is approximately 1.6 square kilometres. It has 7 parks covering nearly 1.5% of total area. The population of Southbank in 2011 was 11,235 people. By 2016 the population was 18,706 showing a population growth of 66.5% in the area during that time. The predominant age group in Southbank is 20-29 years. Households in Southbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southbank work in a professional occupation. In 2011, 39.7% of the homes in Southbank were owner-occupied compared with 33.8% in 2016.

Southbank has 27,869 properties. Over the last 5 years, Houses in Southbank have seen a 24.59% increase in median value, while Units have seen a -1.39% decrease. As at 31 October 2024:

  • The median value for Houses in Southbank is $639,437 while the median value for Units is $576,656.
  • Houses have a median rent of $670 while Units have a median rent of $662.
There are currently 200 properties listed for sale, and 230 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1245 properties were sold in the past 12 months in Southbank.

Suburb Insights for Southbank 3006

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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.