OFF MARKET

122/8 Wells Street
Southbank VIC 3006

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 226m2
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Property Details for 122/8 Wells St, Southbank

122/8 Wells St, Southbank is a 4 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 1996. The property has a floor size of 226m2. While the property is not currently for sale or for rent, it was last sold in June 2014.

Building Type
Unit
Year Built
1996
Floor Size
226m2
Local Government
Melbourne
Lot/Plan
122A/PS339680

Last Listing description (June 2014)

Picture Perfect Penthouse Living
A rare opportunity to own one of Melbourne?s best Penthouse apartments, this remarkable four bedroom residence is truly something special. On the top floor (level 12) of the much sought after Sovereign complex and with uninterrupted city views from the large balcony, two master bedrooms with ensuites and a huge central living zone, this one of a kind residence is moments to Melbourne?s best attractions including Albert Park Lake, the Botanic Gardens and Southbank & CBD dining and entertainment.
Accommodation: High cathedral ceilings and a feature mirror wall will immediately catch your eye as you enter this airy and spacious dual level Penthouse with the expansive central living zone dominated by floor to ceiling windows capturing some of the most amazing and uninterrupted views of the city skyline one will ever see.

Stunning city views can also be enjoyed from the large balcony, while the 2nd and more private living space is perfect to transform into a formal dining area or relaxed lounge. The sleek kitchen impresses with black granite benchtops, stainless steel Gaggenau appliances, and a walk-in pantry with built-in wine rack, while the downstairs master bedroom takes in breathtaking easterly vistas of the Botanic Gardens, The Shrine and Governmnet House and features a walk-in robe and ensuite with double vanity.
Upstairs you?ll continue to be impressed as all three bedrooms take in beautiful panoramas of either the city skyline or Botanic Gardens. There is yet another generous master bedroom with an ensuite, while the other bedrooms enjoy mirrored built-in robes and direct access to the tasteful spa bathroom.
Along with upstairs and downstairs powder rooms, a private laundry, quality hardwood floors, and wonderful modern touches throughout, this unique Penthouse is one you should not let pass you by.
Features: Excellent security with restricted lift access, video intercom, two secure car spaces (side by side) plus large 30 sq. m. (approx.) store room, ducted heating and cooling throughout, double glazed windows,recently renovated recreational facilities are as new and include a pool, spa, well equipped gymnasium, sauna, tennis court, BBQ courtyard and function centre.

Property History for 122/8 Wells St, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$1,450,000
03 Jun 2014
Listed for Rent
$1.35k/w
13 Dec 2011
  • 03 Jun 2014
    Sold for $1,450,000
  • 26 Mar 2014
    Listed for Sale $1.45M PLUS
  • 27 Jul 2011
    Listed for Rent - Price not available
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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 27,861 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 201 properties listed for sale, and 220 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1235 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.