1112/31 City Road, Southbank, VIC 3006 | Apartment for sale | OnTheHouse
FOR SALE
$280,000 - $308,000

1112/31 City Road
Southbank VIC 3006

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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9.8
1/16

Prime Inner-City Investment with 7% Rental Yield

Located in one of Melbourne's most vibrant inner-city precincts, this one-bedroom apartment at 1112/31 City Road presents an exceptional opportunity for investors seeking a high-demand property with strong rental appeal and an impressive 7% rental yield per annum.
Just a short walk from the Crown Entertainment Complex, the Melbourne Arts Centre, the CBD, the Royal Botanic Gardens, and Flinders Street Station, this apartment is perfectly positioned to attract quality tenants seeking a dynamic urban lifestyle.
With secure building access and outstanding proximity to universities, business districts, and Melbourne's iconic attractions, this apartment ticks all the boxes for long-term capital growth and consistent rental returns.
Please note: Images have been digitally enhanced for illustrative purposes. There may be slight variations from the actual apartment.
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Property Details for 1112/31 City Rd, Southbank

1112/31 City Rd, Southbank is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Ray White Southbank | Port Phillip.

Building Type
Apartment

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Local Area Liveability Score

9.8

This Liveability Score is a rating "out of 10" and a guide to how well connected properties within a local area are to facilities such as public transport, healthcare services, shopping outlets, schools and parkland. The scores apply to the local area (or "mesh block") in which a property is located. The scores are largely comprised of 2 main elements:

  1. Walking time to a local facility
  2. Number of facilities within a 20-minute walk

The overall Liveability Score is made up of smaller sub-scores, as described below.

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Walkability
10/10
Schools
10/10
Parklands
10/10
Health
10/10
Shopping
10/10
Public Transport
10/10
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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 28,118 properties.

    There are currently 200 properties listed for sale, and 182 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1249 properties were sold in the past 12 months in Southbank.

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    Jolene Tan
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    Ray White Southbank | Port Phillip
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