SOLD
Sold on 19 Apr 2024 for $508,000

606/118 Kavanagh Street
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 71m2
Land area: 2275m2
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Property Details for 606/118 Kavanagh St, Southbank

606/118 Kavanagh St, Southbank is a 2 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 2275m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
71m2
Land Size
2275m2
Local Government
Melbourne
Lot/Plan
606/PS647246

Last Listing description (May 2024)

An affordable blend of sunlit space, style and Southbank sophistication, this inviting 2 bedroom apartment is graced with a superbly central location in the heart of Southbank. Simply stroll to the arts precinct, Boyd Community Hub, Southbank Library, a selection of popular cafes, Crown entertainment, Southbank Promenade restaurants and Melbourne Square Woolworths directly across the road. Come home to luxury every day!

Privately posted on the sixth floor of the elegant Epic building, a chef-ready kitchen is graced with smooth stone surfaces, a waterfall-edged breakfast bar and stainless-steel appliances including an integrated microwave and a Fisher and Paykel dish-drawer. The spacious open layout enjoys designated zones for living and dining before connecting with an east-facing, full-width balcony overlooking Kavanagh Street with relaxed views across the skyline and landing on the soaring Arts Centre spire. Attracting the warmth of morning sunlight, this elevated alfresco haven is the perfect spot for a lazy weekend breakfast. Both bedrooms are generously sized and extensively mirror-robed, while a deluxe bathroom comes complete with a stone-topped vanity and laundry capability including a combination Samsung washer/dryer.

The list of special features is comprehensive including a handy study nook, ducted heating and cooling, double glazing, roller and slimline Venetian blinds, and recessed down-lighting. Epic boasts a 24-hour concierge, video intercom entry and exclusive resort-style access to a heated indoor pool, gym, and tennis court.

Outgoings:
Council Rates: $292.00 per quarter approx.
Water Rates: $170.00 per quarter approx.
Owners Corporation Fees: $1,111.00 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 606/118 Kavanagh St, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$508,000
19 Apr 2024
Listed for Rent
09 Feb 2021
  • 19 Apr 2024
    Sold for $508,000
  • 28 Mar 2024
    Listed for Sale Contact Agent
  • 04 Jan 2021
    Listed for Rent $470 / 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 28,051 properties. Over the last 5 years, Houses in Southbank have seen a 81.50% increase in median value, while Units have seen a 6.86% increase. As at 31 August 2024:

  • The median value for Houses in Southbank is $993,145 while the median value for Units is $602,583.
  • Houses have a median rent of $656 while Units have a median rent of $650.
There are currently 168 properties listed for sale, and 224 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1278 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.