OFF MARKET

1506/22 Dorcas Street
Southbank VIC 3006

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
Land area: 1826m2
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Property Details for 1506/22 Dorcas St, Southbank

1506/22 Dorcas St, Southbank is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2010. The property has a land size of 1826m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
Unit
Year Built
2010
Floor Size
52m2
Land Size
1826m2
Local Government
Melbourne
Lot/Plan
1506/PS612311

Last Listing description (March 2021)

Statement of information is located at https://s3-ap-southeast-2.amazonaws.com/zenu/LISTING_IMAGES/2-1681911/926714c2-9642-4bb8-ab45-256029015a19.pdf . Please copy & paste this information into your browser address bar.
On offer is this beautifully designed, 1 bedroom ELM apartment showcasing fantastic views of Port Philip Bay and the CBD.

With a lease in place until October 2021 returning 5%, this property is perfect as a stable investment for the wise investor - Elm is a state-of-the-art building, with quality apartments and luxurious amenities.

The large bedroom features full-length built-in-robes and clever storage solutions, complimented by the well designed, contemporary bathroom with a rain shower head. The kitchen comes equipped with Miele appliances, ample storage, and sleek, stone bench tops.
The adjoining living room is comfortable in size with full-length windows allowing plenty of natural light and wonderful views.

Also included is a Euro-laundry, substantial built-in storage, secure swipe & intercom entry, secure car space and huge storage cage, split system heating & cooling, on-site gym, plunge pool, spa, and BBQ facilities.

With public transport, the Botanical Gardens, Albert Park, world class shopping, and an array of restaurants and bars on your doorstep, this must see apartment is perfectly situated only minutes from the CBD and City Link.

Property History for 1506/22 Dorcas St, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$343,750
24 Feb 2021
Listed for Rent
$375/w
05 Oct 2020
  • 24 Feb 2021
    Sold for $343,750
  • 13 Jan 2021
    Listed for Sale $345,000
  • 04 Aug 2020
    Listed for Rent $375 / 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 28,049 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.

Suburb Insights for Southbank 3006

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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.