SOLD
RECENT ADVICE
Sold on 12 Dec 2024 for $500,000

406/118 Kavanagh Street
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 71m2
Sold By
MICM Real Estate
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Property Details for 406/118 Kavanagh St, Southbank

406/118 Kavanagh St, Southbank is a 2 bedroom, 1 bathroom Unit and was built in 2014. The property has a floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 2 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
71m2
Local Government
Melbourne
Lot/Plan
406/PS647246

Last Listing description (December 2024)

A breathtaking illustration of sunlit space, this ultra-stylish 2 bedroom apartment is enriched by designer finishes, resort-inspired excellence and a sought-after address of true convenience. Live the life you love within walking distance of the CBD, trams, the arts precinct, Boyd Community Hub, Crown, Southbank Promenade restaurants and Melbourne Square Woolworths directly across the road.

Set on the fourth floor as part of the super-sleek Epic complex, wide-reaching open-plan living and dining is superbly underscored by a stone-finished kitchen showcasing a waterfall-edged breakfast bar and stainless-steel appliances including an integrated microwave and 4-burner gas cooktop. An east-facing, full-width balcony overlooks Kavanagh Street from a treetop position capturing morning sunlight and sweeping views of the neighbourhood. Both bedrooms are generously sized, superbly serviced by mirrored built-in robes and a fully tiled bathroom graced with a stone-topped vanity and laundry capability. The apartment is also enhanced by plenty of space to stage a sizeable study zone, ideal for working from home.

Freshly painted throughout, special features include ducted heating and cooling, double glazing, roller and slimline Venetian blinds, and recessed down-lighting. Epic comes complete with a 24/7 concierge, video intercom security and resort-style use of a heated indoor pool, fully fitted gym and a tennis court. This one will impress!

Outgoings:
Council Rates: $314.19 per quarter approx.
Water Rates: $172.94 per quarter approx.
Owners Corporation Fees: $1,102.21 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 406/118 Kavanagh St, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$500,000
12 Dec 2024
Listed for Rent
$495/w
21 Jun 2014
  • 12 Dec 2024
    Sold for $500,000
  • 29 Oct 2024
    Listed for Sale $489,000 - $529,000
  • 22 May 2014
    Listed for Rent - Price not available
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Local Area Liveability Score

9.5

This Liveability Score is a rating "out of 10" and a guide to how well connected properties within a local area are to facilities such as public transport, healthcare services, shopping outlets, schools and parkland. The scores apply to the local area (or "mesh block") in which a property is located. The scores are largely comprised of 2 main elements:

  1. Walking time to a local facility
  2. Number of facilities within a 20-minute walk

The overall Liveability Score is made up of smaller sub-scores, as described below.

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Walkability
10/10
Schools
10/10
Parklands
10/10
Health
10/10
Shopping
10/10
Public Transport
10/10

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 28,089 properties. Over the last 5 years, Houses in Southbank have seen a 149.41% increase in median value, while Units have seen a -2.22% decrease. As at 30 November 2024:

  • The median value for Houses in Southbank is $548,306 while the median value for Units is $568,437.
  • Houses have a median rent of $670 while Units have a median rent of $670.
There are currently 193 properties listed for sale, and 211 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1267 properties were sold in the past 12 months in Southbank.

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