OFF MARKET

1903/245-251 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 69m2
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Last updated 11 Nov 2024
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Property Details for 1903/245-251 City Rd, Southbank

1903/245-251 City Rd, Southbank is a 2 bedroom, 2 bathroom House and was built in 2020. The property has a floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Year Built
2020
Floor Size
69m2
Local Government
Melbourne
Lot/Plan
1903/PS811538

Last Listing description (September 2024)

UNFURNISHED - Located on the 19th floor, prestigious Palladium tower, you'll enjoy the ultimate inner-city lifestyle with only a short distance to Crown Entertainment Complex, Southbank Promenade restaurants and bars, South Melbourne Market, Clarendon Street shopping precinct, South Wharf DFO, Arts Centre, Federation Square and access to public transport (train lines, buses and trams).

Great sized 2 bedroom 2 bathroom home with spacious open plan living comprising a contemporary kitchen fitted with stainless steel appliances (dishwasher, microwave, oven and gas cooking) and beautiful stone bench-top with mirrored splash backs. The carpeted bedrooms come with mirrored built-in robes (Ensuite and Study Nook in the master bedroom).

Additional features:-

- Undercover balcony
- Heating and air conditioning
- Internal laundry (Dryer included)
- Secured entry with video intercom
- Plenty of cupboard spaces throughout
- Building Concierge
- Woolworth Metro is on the ground level of the building, making access to fresh food a lot easier.

Resort like amenities on level 9, 40 and 41 of Palladium Tower will ensure a luxurious experience:-
Gymnasium, Pool, Steam Room, BBQ, Terrace, Lounge, Theatre and Function rooms.

Where else would you rather be? Please register to inspect.

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Property History for 1903/245-251 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$593,000
30 May 2022
Listed for Rent
$660/w
19 Aug 2024
  • 19 Aug 2024
    Listed for Rent $660 / week
  • 02 Aug 2023
    Listed for Rent $625 / week
  • 29 Jul 2022
    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 27,879 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 183 properties listed for sale, and 233 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1258 properties were sold in the past 12 months in Southbank.

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