SOLD
RECENT ADVICE
Sold on 12 Jul 2024 for $680,000

85/1 Riverside Quay
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 95m2
Sold By
Woodards South Yarra
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Property Details for 85/1 Riverside Qy, Southbank

85/1 Riverside Qy, Southbank is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1995. The property has a floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Year Built
1995
Floor Size
95m2
Local Government
Melbourne
Lot/Plan
85/PS327634

Last Listing description (July 2024)

Discover the perfect blend of spacious elegance and riverside charm in this stylish apartment, a rare gem in the highly sought-after Southbank area. Located on the third floor of the low-rise Riverside Apartments, this residence offers an unparalleled lifestyle. Enjoy a leisurely stroll to riverside restaurants, Flinders Street Station, Federation Square, the NGV, Southgate shopping, and the popular Bond Store Cafe right at your doorstep.

Freshly painted this apartment includes a large Euro-style laundry with a trough and space for a washer and dryer, a separate WC, a floor-to-ceiling storage cupboard and split-system heating and cooling . The secure complex offers video intercom entry, lift access, a building manager, undercover parking and exclusive access to an indoor pool, spa, sauna, and fully equipped gym.

The heart of the home is an impeccable kitchen, featuring a stone-finished island bench and a full suite of appliances, including a full-sized dishwasher and gas cooktop. The generous open-plan living and dining area, adorned with lightly toned timber flooring. Both naturally lit bedrooms are generously sized and extensively robed, serviced by a sparkling bathroom with a shower over a bath. The master suite boasts dual-sided walk-in robes and a private ensuite. With the added benefit of 2 balconies, one off the living and another from the master bedroom.

This is the perfect lock-up and leave for people who want the city of Melbourne at their doorstep but also value the build quality of an older style building in a low rise building.

Property History for 85/1 Riverside Qy, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$680,000
12 Jul 2024
Listed for Rent
02 Aug 2022
  • 12 Jul 2024
    Sold for $680,000
  • 11 Jul 2024
    Sold for $680,000
  • 12 Jun 2024
    Listed for Sale Not Disclosed
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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, 1267 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.