1607/250 City RoadSouthbank VIC 3006
Property Details for 1607/250 City Rd, Southbank
1607/250 City Rd, Southbank is a 2 bedroom, 1 bathroom Unit and was built in 2015. The property has a floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Southbank in the last 12 months.
Last Listing description (October 2024)
Bright north facing 2 bedroom apartment is sure to impress with its spectacular city skyline views, sleek contemporary design, quality finishes and superb positioning.
The corner apartment benefits from natural light, open plan layout incorporates a living area leading to a wide full width balcony perfect for entertaining and capturing the city skyline and river views. Kitchen is appointed with stone benchtops, Bosch gas cooktop, oven, dishwasher, Smeg microwave with ample storage space.
Both bedrooms are generously sized, offering privacy and comfort equipped with built-in robes. Central bathroom with fully tiled walk-in shower and mirrored cabinetry. Features include European laundry with a dryer, split-system heating and cooling, video intercom entry and access to a fully equipped gym.
Walking distance to South Melbourne market, Albert Park Lake as well as Southbanks dining and entertainment precinct. A city commute is just a few minutes with tram and bus stops at your doorstep.
Potential rental return: $620 per week.
Outgoings:
Owners Corporation Fees: $4,601.26 annual approx.
Council Rates: $1,151.70 annual approx.
Water Rates: $691.76 annual approx.
Property History for 1607/250 City Rd, Southbank, VIC 3006
- 25 Sep 2024Sold for $415,000
- 03 Jul 2024Listed for Sale SOLD
- 28 Apr 2023Listed for Rent $600 / 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 28,052 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.
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