SOLD
Sold on 15 Mar 2024 for $650,000

117/88 Kavanagh Street
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Sold By
MICM Real Estate
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Property Details for 117/88 Kavanagh St, Southbank

117/88 Kavanagh St, Southbank is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2003. The property has a floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Year Built
2003
Floor Size
84m2
Local Government
Melbourne
Lot/Plan
117/PS449140

Last Listing description (March 2024)

* Photo has been virtual staged.

Immersed in the warmth of natural light, this impressive 2 bedroom (plus study) apartment stretches out over a combined 93sqm (approx.) in a commanding corner placement. Head downstairs and embrace a superior Southbank lifestyle within walking distance of Melbourne Square Woolworths, Crown, the arts precinct, Boyd Community Hub, Southbank Library and the popular restaurants lining the Yarra River on the very cusp of the CBD.

Lightly toned floorboards add a luxury dimension to the open-plan living and dining layout, while the deluxe kitchen boasts black granite benchtops, a breakfast bar and stainless-steel appliances including an upgraded Bosch dishwasher. A compact study will provide a private and professional solution to your work-from-home duties. Attracting morning sunlight on the 11th floor of the Sentinel complex, entertain on a sheltered balcony showcasing a parkland panorama over the Royal Botanic Gardens with the majestic Shrine of Remembrance a highlight. The generously sized, naturally lit and mirror-robed bedrooms are serviced by a fully tiled bathroom graced with a shower over a bath.

Comprehensive features include a large concealed laundry, secure parking, storage cage, split-system heating and cooling, roller blinds, textured curtains, concierge, intercom entry and resort-style use of a pool, tennis court, gym and BBQ terrace. First home buyers can enter the market with security, while investors will set and forget this rewarding portfolio performer.

Outgoings:
Council Rates: $350.00 per quarter approx.
Water Rates: $175.00 per quarter approx.
Owners Corporation Fees: $1,448.00 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 117/88 Kavanagh St, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$650,000
15 Mar 2024
Listed for Rent
$540/w
22 Apr 2012
  • 15 Mar 2024
    Sold for $650,000
  • 27 Feb 2024
    Listed for Sale $650,000
  • 12 Sep 2016
    Sold for $480,000
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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 28,082 properties. Over the last 5 years, Houses in Southbank have seen a 149.41% increase in median value, while Units have seen a -2.22% decrease. As at 30 November 2024:

  • The median value for Houses in Southbank is $548,306 while the median value for Units is $568,437.
  • Houses have a median rent of $670 while Units have a median rent of $670.
There are currently 193 properties listed for sale, and 206 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1262 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.