OFF MARKET

2/28 Wells Street
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
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Property Details for 2/28 Wells St, Southbank

2/28 Wells St, Southbank is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in October 2018.

Building Type
Unit
Year Built
1999
Floor Size
75m2
Local Government
Melbourne
Lot/Plan
6/PS339677

Last Listing description (March 2024)

UNFURNISHED - Live in one of Southbank's most stunning positions in the heart of the famed Arts and Cultural precinct. This light-filled and spacious two bedroom is an outstanding inner city boutique apartment to come home to each night.

With an ultra-convenient ground floor location and excellent quality throughout, you'll love the peace and security of this special residence. Generous space, natural light flooding throughout and high ceilings are the hallmarks of the bright and sizeable central lounge and dining zone, which will be your ultimate area for everyday living. This main hub is further adjoined by a smart kitchen which boasts a handy breakfast bar and quality appliances for those who love cooking from home.

The bedrooms also feature high ceilings and built-in wardrobes, including one of the bedrooms which has access to a spacious rear terrace where summer BBQs and lazy Sunday drinks will become part of your weekly routine. Other highlights include a front courtyard, quality bathroom with European laundry (Dryer will be provided), ducted heating, secure intercom, secure car space with full-length lockable storage unit, and access to an outdoor pool and spa, indoor gym, and communal BBQ area.

You are near the Royal Botanic Gardens, Arts Centre, NGV, Southbank Theatre, Melbourne Recital Centre, ACCA, and the Malthouse Theatre, plus the CBD is only a short walk or tram ride away on St Kilda Road.

Property History for 2/28 Wells St, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$650,000
06 Oct 2018
Listed for Rent
$615/w
23 Feb 2024
  • 23 Feb 2024
    Listed for Rent $615 / week
  • 14 Dec 2021
    Listed for Rent - Price not available
  • 24 Sep 2020
    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 27,895 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 168 properties listed for sale, and 247 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1226 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.