OFF MARKET

1102/31 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 76m2
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Property Details for 1102/31 City Rd, Southbank

1102/31 City Rd, Southbank is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Unit
Year Built
2002
Floor Size
76m2
Local Government
Melbourne
Lot/Plan
1102/PS414694

Last Listing description (October 2022)

Linking low-maintenance lifestyle living with a premier location in the heart of Southbank, this Fully Furnished and fully-serviced 'Mantra' apartment presents buyers with a lucrative inner city investment opportunity or vibrant lifestyle base.

Brilliantly positioned on the 11th floor, the apartment's surprisingly spacious layout provides an instantly inviting ambience with carpets flowing throughout the open plan study, living and dining domain, while the well-appointed kitchen is graced with quality stainless steel appliances.

Serving to draw in bountiful natural light whilst also enticing you outside, glass sliding doors extend out onto a north-facing balcony where you will enjoy soaking up the buzzing city atmosphere before heading downstairs to dine at the Mezzi Bar and Kitchen.

The two bedrooms each benefit from the convenience of mirrored built-in-robes and are easily serviced by a floor-to-ceiling tiled family bathroom with toilet plus a discrete European laundry, while comfort and security are delivered with the inclusion of ducted heating, refrigerated air conditioning, secure intercom entry, lift access, reception desk plus a basement car space.

Not to be outdone, the apartment comes with access to a function room, gymnasium, sauna plus a pool and spa with adjoining balcony and sensational city views.

Placed in a brilliant location, where you can simply stroll to the excitement of Crown Casino and Entertainment Complex, visit the vibrant Arts Precinct, experience the culinary flair of Southbank Promenade or jump on a train or tram to enjoy everything the CBD and its surrounds have to offer.

Property History for 1102/31 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$470,000
12 Jan 2022
  • 12 Jan 2022
    Sold for $470,000
  • 29 Nov 2021
    Listed for Sale Under Offer
  • 12 Jul 2010
    Transferred
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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 28,049 properties. Over the last 5 years, Houses in Southbank have seen a 81.50% increase in median value, while Units have seen a 5.53% increase. As at 31 July 2024:

  • The median value for Houses in Southbank is $1,073,382 while the median value for Units is $598,145.
  • Houses have a median rent of $670 while Units have a median rent of $650.
There are currently 174 properties listed for sale, and 216 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1256 properties were sold in the past 12 months in Southbank.

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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.