905/250 City RoadSouthbank VIC 3006
Property Details for 905/250 City Rd, Southbank
905/250 City Rd, Southbank is a 1 bedroom, 1 bathroom Unit and was built in 2015. The property has a floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (June 2023)
Pagan Real Estate presents a fantastic opportunity for astute investors to buy sensation apartment, ideally located close public transport, restaurants, cafes, and shopping.
This inner-city apartment currently has a long term lease with returns of almost 7%.
The modern home opens up to a galley kitchen, which includes gas cooktop, dishwasher, subway-tile splash-back, microwave cavity, and ample cupboard storage.
The double bedroom also includes loads of storage space with a mirrored built-in-robe, whilst the bathroom is modern and chic.
Split system heating/cooling, a Euro laundry, bike storage, and gymnasium round out this well-priced inner-city unit.
This home is perfect as a low maintenance investment and is ready to go.
Property History for 905/250 City Rd, Southbank, VIC 3006
- 30 May 2023Sold for $303,000
- 23 Jan 2023Listed for Sale $303,000
- 01 Feb 2022Listed for Rent - Price not available
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0About 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 27,878 properties. Over the last 5 years, Houses in Southbank have seen a 24.59% increase in median value, while Units have seen a -1.39% decrease. As at 31 October 2024:
- The median value for Houses in Southbank is $639,437 while the median value for Units is $576,656.
- Houses have a median rent of $670 while Units have a median rent of $662.
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