OFF MARKET

23/8 Wells Street
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 117m2
Land area: 3500m2
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Property Details for 23/8 Wells St, Southbank

23/8 Wells St, Southbank is a 2 bedroom, 2 bathroom Unit and was built in 1996. The property has a land size of 3500m2 and floor size of 117m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
Unit
Year Built
1996
Floor Size
117m2
Land Size
3500m2
Local Government
Melbourne
Lot/Plan
23/PS339680

Last Listing description (May 2022)

Promising an exceptional 115 sqm (approx.) of total space, an enviable corner position which allows for amazing city views complemented by relaxing greenery, and a place where arts and cultural attractions are right at your doorstep, this 2 bedroom, 2 bathroom, 2 car space apartment is the real deal.

Positioned in The Sovereign Apartments, this property is truly highlighted by its amazing space, and while it is well-presented to live in with modern features, there is also scope to add your own stylish touches though contemporary updates. The sheer size of the living and dining zone is enough to win you over, with this generous corner living hub opening out to a sizeable balcony where you can enjoy city views complemented by Grant Street parklands just below.

The kitchen offers terrific functionality, tasteful granite benchtops, and quality appliances, meanwhile the master bedroom comes with a walk-in robe and private ensuite. Further take advantage of a 2nd bedroom with BIR, central bathroom, European laundry, ducted heating and cooling, secure intercom entry, and 2 secure car spaces on title. Residents will also have access to an outdoor pool, gym, and tennis court.

Love being so close to the Royal Botanic Gardens, National Gallery of Victoria, The Arts Centre, Hamer Hall, Malthouse Theatre, Melbourne Recital Centre, local supermarkets and cafes, St Kilda Road trams to the city, and Westgate Freeway.

** Expression of Interest closing Friday, 29th of April **

Property History for 23/8 Wells St, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$1,018,000
05 May 2022
Listed for Rent
$620/w
17 Nov 2012
  • 05 May 2022
    Sold for $1,018,000
  • 25 Mar 2022
    Listed for Sale Contact Agent
  • 03 Nov 2012
    Listed for Rent $620 / 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 27,869 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 200 properties listed for sale, and 230 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1245 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.