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706/163 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 706/163 City Rd, Southbank

706/163 City Rd, Southbank is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Apartment sold in Southbank in the last 12 months.

Building Type
Apartment
Local Government
Melbourne
Lot/Plan
706A/PS440926

Last Listing description (October 2024)

This beautifully presented apartment offers the perfect blend of comfort and convenience. Located in the heart of Southbank, this spacious apartment has been recently updated with new flooring, freshly painted walls as well as modernisation of the kitchen cabinetry, This bright and spacious 2-bedroom apartment on the 7th floor of The Summit is situated in a highly sought-after location near Melbourne CBD. It's close to the Crown Entertainment Complex, Southgate restaurants and bars, the Arts Centre, Federation Square, the Royal Botanical Gardens, and Albert Park Lake.

The open-plan lounge and dining area extend to a balcony, and the two generously sized bedrooms feature mirrored built-in robes. The kitchen is equipped with a stainless steel gas cooktop, dishwasher, and oven, along with ample cupboard space. The central bathroom includes a washing machine and dryer.

Additional features include:

-Double-glazed windows
-Heating and cooling
-Secure car space

Southbank is easily accessible by public transport:

-Tram lines operating in the area
-Buses
-Flinders Street Station within walking distance

Building facilities include:

-Building manager
-Heated indoor swimming pool
-Gymnasium

Enjoy shopping, dining out, bowling, or watching a movie - the choice is yours!

*Every precaution has been taken to verify the accuracy of the above details. However, prospective purchasers are advised to make their own enquiries.

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Property History for 706/163 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
09 Oct 2024
Listed for Rent
06 Mar 2023
  • 09 Oct 2024
    Sold for $520,000
  • 20 Jun 2024
    Listed for Sale $490,000 to $535,000
  • 06 Feb 2023
    Listed for Rent $650 / 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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Ray White Southbank | Port Phillip
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