SOLD
Sold on 08 Apr 2024 for $300,000

704/31 City Road
Southbank VIC 3006

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 53m2
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Property Details for 704/31 City Rd, Southbank

704/31 City Rd, Southbank is a 1 bedroom, 1 bathroom Unit and was built in 2002. The property has a floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Year Built
2002
Floor Size
53m2
Local Government
Melbourne
Lot/Plan
704/PS414694

Last Listing description (September 2024)

Nick Tang Property
www.nicktangproperty.com.au

Enjoy the vibrant location of Southbank with your very own fully-furnished apartment, nestled in the Mantra Southbank where effortless lifestyle living is magnificently matched by resort style facilities.

Streamlined and spacious, the apartment provides a bright open plan living zone with sofa bed accommodating two extra guests whilst featuring high ceilings, bespoke feature wall and wall-mounted tv.

The adjoining kitchen is well-equipped with an electric cooktop, microwave and dishwasher, with the additional allure of a built-in desk area that is perfectly placed for use as a meals table or study zone for those who require a dedicated space for work or projects.

The king-size bedroom provides the ideal retreat with a wall mounted tv allowing you to relax in bed while watching your favorite shows. Serviced by a spa bathroom with toilet and European laundry.

Added appointments include ducted heating/cooling plus luxurious resident amenities that entail an indoor pool and spa, sauna, fully-equipped gym plus a restaurant and bar downstairs.

Located in the heart of Southbank where you can take a leisurely stroll to Yarra River Promenade, The Royal Botanic Gardens, Arts Centre, Federation Square, Crown Casino, Melbourne Aquarium, shops, world-class restaurants, universities and transport.

Thinking of Selling/Leasing or wanting an update on your property? Contact Nick Tang on 0452 549 486.

Property History for 704/31 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$300,000
08 Apr 2024
  • 08 Apr 2024
    Sold for $300,000
  • 15 Nov 2023
    Listed for Sale Sold By Nick Tang Property
  • 27 Oct 2012
    Sold for $260,000
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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.