SOLD
Sold on 04 Aug 2024 for $425,000

1406/245-251 City Road
Southbank VIC 3006

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 52m2
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Property Details for 1406/245-251 City Rd, Southbank

1406/245-251 City Rd, Southbank is a 1 bedroom, 1 bathroom Unit. The property has a floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Floor Size
52m2
Local Government
Melbourne
Lot/Plan
1406/PS811538

Last Listing description (September 2024)

*THIS PROPERTY NOT ONLY OBTAINED A TOP PRICE, BUT WAS SOLD WITH NO UPFRONT COSTS TO OUR OWNERS. TO FIND OUT MORE, PLEASE CONTACT MARGARET CHADWICK ON 0467 236 327*

Our motivated seller will meet the market soon and you do not want to miss out.

A singular offering of rare distinction, this breathtaking 1 bedroom, 1 bathroom entertainer is a pure celebration of unmatched quality, resort-inspired excellence and Palladium Tower luxury. Designed in perfect harmony with a prized neighbourhood, explore the riverside restaurants on Southbank Promenade, the lively Arts Precinct, South Melbourne Market, Crown and a full-line Melbourne Square Woolworths plus a ground-floor Metro Woolworths with a direct building entrance. This is truly living!

Radiating a strong sense of durability, a high-end kitchen boasts sleek stone surfaces, self-closing cabinetry, a waterfall-edged breakfast bar and state-of-the-art Miele appliances enhanced by the addition of an integrated Ilve microwave and Bosch dishwasher. The light-filled apartment sensationally opens up to reveal far-reaching living and dining framed by floor-to-ceiling glass with upgraded timber floorboards underfoot. Spill outside and immerse yourself in a commanding balcony view to the north and west highlighting the spectacular skyline towards the city. This special place for entertaining will be used in all seasons, bathed in the warmth of northern sunlight. Both mirror-robed bedrooms are generous in scale and naturally lit, while the perfect pair of luxe bathrooms are graced with rainfall showers, full-height tiling and mirrored cabinetry.

The long list of lavish features includes a concealed laundry, split-system heating and cooling, double glazing, appliances still under warranty, recessed LED down-lighting, roller blinds, double roller blinds in the front bedroom, secure video intercom entry, an opulent foyer and a welcoming concierge.

World-class resort-style facilities include a swimming pool, spa, steam room, a fully fitted gym with bay views, garden terraces, and private dining, bar and entertainment spaces. Offering lock-and-leave certainty for owner-occupiers and a blue-chip addition to any investment portfolio, this is superior Southbank living with an inner-city lifestyle of pure Palladium prestige. Inspect with confidence!

Contact Margaret Chadwick on 0467 236 327 for an inspection This
property is only available to the buyer who acts NOW.

Property History for 1406/245-251 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$425,000
04 Aug 2024
  • 04 Aug 2024
    Sold for $425,000
  • 12 Jul 2024
    Listed for Sale 400,000- 440,000 - GROSS INCOME PER MONTH $4,600
  • 29 Mar 2023
    Sold for $407,888
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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 28,059 properties. Over the last 5 years, Houses in Southbank have seen a 81.50% increase in median value, while Units have seen a 6.86% increase. As at 31 August 2024:

  • The median value for Houses in Southbank is $993,145 while the median value for Units is $602,583.
  • Houses have a median rent of $656 while Units have a median rent of $650.
There are currently 170 properties listed for sale, and 229 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1265 properties were sold in the past 12 months in Southbank.

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Contact agent
Margaret Chadwick
Show contact details
Peter Doan
Show contact details
Bow Residential
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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.