SOLD
Sold on 31 May 2024 for $830,000

1500/118 Kavanagh Street
Southbank VIC 3006

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 96m2
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Property Details for 1500/118 Kavanagh St, Southbank

1500/118 Kavanagh St, Southbank is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
96m2
Local Government
Melbourne
Lot/Plan
1500/PS647246

Last Listing description (June 2024)

* Photos has been virtual staged

Unfolding from a private corner setting, this ultra-stylish 3 bedroom, 2 bathroom apartment combines far-reaching space, spectacular views and an unbeatable lifestyle location. Head downstairs and stroll to South Melbourne Market, Crown, South Melbourne Primary School, Boyd Community Hub, local cafes, Southbank Promenade eateries and a full-line Woolworths directly across the road.

Elevated to perfection on the 15th floor of the sought-after Epic complex, the light-filled layout reveals designated space for open-plan living and dining. A stone-finished kitchen boasts a waterfall-edged breakfast bar, mirrored splashback and quality stainless-steel appliances including a Fisher and Paykel dish-drawer. Make a seamless connection with a sheltered balcony showcasing a sweeping aspect extending across Port Phillip Bay, the MCG and the treetop canopy of the Royal Botanic Gardens. All three robed bedrooms are filled with light and generous in scale, serviced by a pristine pair of fully tiled bathrooms with stone detailing, while the main bedroom is graced with roomy walk-in robes.

Take full advantage of secure car parking, a storage cage, laundry capacity with a combination washer/dryer, ducted heating and cooling, double glazing, slimline Venetian and roller blinds, and recessed down-lighting. Epic residents enjoy secure intercom entry, an economical 8 star energy-efficiency rating, high-speed lifts, a 24-hour concierge, and resort-inspired use of a heated indoor pool, tennis court and a fully equipped gym. Inspect to be impressed!

Outgoings:
Council Rates: $495.00 per quarter approx.
Water Rates: $170.00 per quarter approx.
Owners Corporation Fees: $1,325.00 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 1500/118 Kavanagh St, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$830,000
31 May 2024
Listed for Rent
$795/w
09 Feb 2015
  • 31 May 2024
    Sold for $830,000
  • 24 Apr 2024
    Listed for Sale Not Disclosed
  • 09 Feb 2015
    Listed for Rent $795 / 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 28,055 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 168 properties listed for sale, and 231 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1285 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.