OFF MARKET

4203/245-251 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 69m2
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Property Details for 4203/245-251 City Rd, Southbank

4203/245-251 City Rd, Southbank is a 2 bedroom, 2 bathroom House and was built in 2021. The property has a floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
House
Year Built
2021
Floor Size
69m2
Local Government
Melbourne
Lot/Plan
4203/PS811538

Last Listing description (November 2022)

This newly built 2 bedroom 2 bathroom apartment located in the 2021 completed 'Palladium Tower is in prime location between South Melbourne, Crown Entertainment Precinct and the City of Melbourne. Enjoy the vibrant location of Southbank with its popular Southbank Boulevard, the convenient short walk to South Melbourne Markets or catch a tram straight into the city just outside the front door. A spacious floor plan with luxury finishes features a modern colour scheme, quality floors in living & kitchen area, cosy carpets throughout the bedrooms and roller block out blinds. The well thought out kitchen providing maximum island bench space includes dishwasher, gas stove with multiple burners, popular branded oven and built in microwave. The modern, spacious ensuite awakes luxury feels with walk-in shower as well as vanity and shelf storage. The luxurious bathroom provides space for another walk-in shower, vanity, WC and concealed laundry with space for washing machine and dryer. The central living area with downlights features reverse cycle air conditioning/heating, television & internet access and floor to ceiling window views with access to the private balcony. Both bedrooms complete the comfort of Southbank living with built-in wardrobes and natural light making it ideal for anyone working from home. Additional features include secure swipe entry with intercom, 24 hour concierge, 40th and 41st floor high end bay view facilities include gym, large infinity pool and sauna. Private function rooms facing Melbourne City from level 10 are accessible exclusively by residents. For your convenience a Woolworths Metro Supermarket is located on the ground-floor of this latest addition to Southbank living Opportunities

Property History for 4203/245-251 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$677,000
08 Sep 2022
Listed for Rent
$620/w
09 Nov 2022
  • 08 Sep 2022
    Sold for $677,000
  • 20 Jun 2021
    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 28,049 properties. Over the last 5 years, Houses in Southbank have seen a 81.50% increase in median value, while Units have seen a 5.53% increase. As at 31 July 2024:

  • The median value for Houses in Southbank is $1,073,382 while the median value for Units is $598,145.
  • Houses have a median rent of $670 while Units have a median rent of $650.
There are currently 174 properties listed for sale, and 216 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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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.