OFF MARKET

87/173 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
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Property Details for 87/173 City Rd, Southbank

87/173 City Rd, Southbank is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Year Built
2004
Floor Size
84m2
Local Government
Melbourne
Lot/Plan
87/PS504942

Last Listing description (February 2024)

UNFURNISHED - Spacious two bedroom apartment a stroll away to riverside restaurants, Crown, Melbourne Square Woolworths, the Arts Precinct and Boyd Community Hub and Library.

Apartment Includes:

- Open plan living and dining area with air conditioning
- Private north-east facing balcony with access from living area
- Two generous sized bedrooms with built-in mirrored wardrobes
- Kitchen with gas cooktop, oven and plenty of functional cupboard space
- Spacious central bathroom with shower over bath, marble-finished vanity and European laundry
- One secured undercover car space

Additional Features:
- Use of complex facilities including indoor heated pool, fully equipped gymnasium, tennis court, entertaining terrace/courtyard area and 7 day building concierge

Embedded Networks: Origin for hot water

The superbly central Southbank location speaks for itself. Simply stroll to Crown, the Arts Precinct, Boyd Community Hub, Melbourne Square Woolworths, the wide open greenery of the Royal Botanic Gardens and the riverfront restaurants of Southbank Promenade.

*Please note this building has an embedded network for one or more utility supplies.
For further information please speak to your Property Consultant.

Property History for 87/173 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$519,000
15 Dec 2022
Listed for Rent
$650/w
02 Feb 2024
  • 23 Jan 2024
    Listed for Rent $650 / week
  • 03 Feb 2023
    Listed for Rent - Price not available
  • 15 Dec 2022
    Sold for $519,000
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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 28,049 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.