516/338 Kings Way, South Melbourne, VIC 3205 | Apartment for sale | OnTheHouse
FOR SALE
$315,000 to $345,000

516/338 Kings Way
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Contemporary Living with Parkside Charm

• Chic 1 bedroom apartment featuring timber floors throughout
• Sleek kitchen with stone benches and Smeg appliances
• Contemporary bathroom with European laundry
• Balcony bathed in sunlight with views of Southbank
• Secure basement car parking and storage cage
• Steps to Albert Park Lake and the Botanic Gardens
• Close to Clarendon Street's vibrant cafes, bars, and restaurants
• Just a tram ride from the heart of St Kilda and CBD
Step into sophisticated urban living in this beautifully appointed 1bedroom apartment located on Level 5 of the Silverleaf building. Featuring timber floors throughout, the kitchen is well-equipped with quality Smeg oven and gas cooktop, stone benchtops, integrated fridge/freezer, and a sleek mirrored splashback combining function with style.
The contemporary bathroom includes a European laundry, offering practical convenience. The spacious balcony, bathed in afternoon sun, offers views across to Southbank's glittering skyline, ideal spot for relaxing or entertaining.
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Property Details for 516/338 Kings Way, South Melbourne

516/338 Kings Way, South Melbourne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with Ray White Southbank | Port Phillip.

Building Type
Apartment
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About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.

South Melbourne has 12,873 properties. Over the last 5 years, Houses in South Melbourne have seen a 12.88% increase in median value, while Units have seen a 8.87% increase. As at 31 October 2025:

  • The median value for Houses in South Melbourne is $1,742,323 while the median value for Units is $631,244.
  • Houses have a median rent of $705 while Units have a median rent of $650.
There are currently 33 properties listed for sale, and 38 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 494 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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Lachie Kelly
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Ray White Southbank | Port Phillip
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.