SOLD
Sold on 08 Jun 2024 for $1,250,000

23/1 Riverside Quay
Southbank VIC 3006

Bedrooms: 5
Bathrooms: 3
Car spaces: 1
Floor area: 168m2
Sold By
MICM Real Estate
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Property Details for 23/1 Riverside Qy, Southbank

23/1 Riverside Qy, Southbank is a 5 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 1995. The property has a floor size of 168m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 5 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Year Built
1995
Floor Size
168m2
Local Government
Melbourne
Lot/Plan
23/PS327634

Last Listing description (June 2024)

A breathtaking illustration of low-rise luxury, this simply stunning 5 bedroom, 3 bathroom apartment will genuinely surprise over three light-filled levels in the perfect Southbank setting. Welcome to exclusive prestige, singular distinction and the only tri-level floorplan in the tightly held Riverside Apartments complex. Exceeding every functional demand of modern apartment living, immerse yourself in a lifestyle of unrivalled convenience footsteps from the Yarra River.

The towering entrance to this fifth-floor retreat is truly spectacular under skylit and soaring 8.7m ceilings (approx.). Enjoy designated zones for far-reaching living and dining, underscored by a sparkling kitchen boasting a breakfast bar and Smeg appliances including a 4-burner gas cooktop and an upgraded dishwasher. Always free-flowing, a sheltered balcony is the perfect perch for a private after-work drink nestled over the treetops. The carefully considered layout also offers a versatile ground-floor bedroom, serviced by walk-in robes and a semi-ensuite bathroom.

Venture upstairs to a second floor dedicated to repose with a sunlit trio of bedrooms, all featuring floor-to-ceiling built-in robes. The master suite also enjoys walk-in robes and an ensuite, while the primary bathroom is graced with a shower over a bathtub and a separate WC. This level is further enriched by a large open study zone with a built-in workstation.

The superbly skylit top floor stages another flexible bedroom or would delight a teenager as a private retreat. Comprehensive features include a large laundry, ducted heating and cooling throughout, ceiling fan, slimline Venetian blinds, video intercom entry on each level and undercover parking. The secure complex is graced with lift access, a building manager and exclusive use of an indoor pool, spa, sauna and a fully equipped gym.

Set in the most sought-after Southbank precinct, take an easy stroll to riverside restaurants, Flinders Street trains, Federation Square, the NGV, Southgate shopping, Melbourne Square Woolworths and the popular Bond Store Cafe on your doorstep. This rare opening in a boutique block is a perfect fit for downsizers, professionals, families, investors and those on the lookout for a lock-and leave city base. An inspection will be rewarded!

Outgoings:
Council Rates: $781 per quarter approx.
Water Rates: $167 per quarter approx.
Owners Corporation Fees: $2,002 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 23/1 Riverside Qy, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$1,250,000
08 Jun 2024
Listed for Rent
$500/w
02 May 2012
  • 08 Jun 2024
    Sold for $1,250,000
  • 03 May 2024
    Listed for Sale Not Disclosed
  • 02 May 2012
    Listed for Rent $500 / 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 27,878 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 179 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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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.