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Sold on 13 Feb 2024 - Price Unavailable

2403/250 City Road
Southbank VIC 3006

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 2403/250 City Rd, Southbank

2403/250 City Rd, Southbank is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Apartment sold in Southbank in the last 12 months.

Building Type
Apartment
Local Government
Melbourne
Lot/Plan
2403/PS630696

Last Listing description (February 2024)

Nestled within the vibrant Southbank district, this one-bedroom apartment offers an elevated urban lifestyle featuring breathtaking city vistas and a commitment to premium living standards.

Meticulously crafted to harmonize open space with personal tranquillity, this apartment boasts a generously sized bedroom with a built-in wardrobe, ensuring your storage needs are met. The abundance of natural light streaming through the expansive floor-to-ceiling windows infuses the entire living space with an inviting and contemporary ambiance.

The apartment's layout is thoughtfully designed for maximum user-friendliness, featuring high-quality gas appliances, a well-appointed European laundry, and split air conditioning for year-round comfort.

Positioned right at the heart of Southbank, this location is a true gem, surrounded by Melbourne's most prestigious attractions. The Arts Centre, National Gallery of Victoria, Crown Casino, the serene Royal Botanic Gardens, and the diverse Southbank Promenade restaurants are all within easy walking distance, offering a wealth of cultural, entertainment, and culinary experiences.

For added convenience, this apartment can be purchased fully furnished, ensuring an effortless transition into your new home.

Moreover, if you are considering this property as an investment, rest assured it boasts a track record of strong rental performance, making it an attractive and financially rewarding choice for both owner-occupiers and savvy investors.

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NOTE: Link for Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist

Disclaimer: All dimensions, sizes & layout are approximate and for illustrative purposes only. The producer or agent cannot be held responsible for any errors, omissions or misstatements.

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Property History for 2403/250 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
13 Feb 2024
Listed for Rent
$425/w
02 Sep 2022
  • 25 Jan 2024
    Sold for $325,000
  • 27 Sep 2023
    Listed for Sale CONTACT AGENT
  • 15 Aug 2022
    Listed for Rent $425 / 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 27,871 properties. Over the last 5 years, Houses in Southbank have seen a 81.50% increase in median value, while Units have seen a 2.35% increase. As at 30 September 2024:

  • The median value for Houses in Southbank is $759,187 while the median value for Units is $586,941.
  • Houses have a median rent of $675 while Units have a median rent of $652.
There are currently 167 properties listed for sale, and 222 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1256 properties were sold in the past 12 months in Southbank.

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Adrian Chen
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