116 Palmerston CrescentSouth Melbourne VIC 3205
Property Details for 116 Palmerston Cres, South Melbourne
116 Palmerston Cres, South Melbourne is a 2 bedroom, 1 bathroom House. The property has a land size of 121m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (July 2023)
Set on approx. 121 m2 positioned to perfection and moments from Albert Park lake, MSAC, Clarendon St shopping and public transport, this home is brimming with character.
The existing layout welcomes you through an arched hallway with high ceilings and polished timber floors. Featuring two generous bedrooms, a spacious living room, traditional kitchen and a modern bathroom incorporating a laundry for added functionality.
Enjoy the sun filled wrap around courtyard garden with the added benefit of rear laneway access via Cobden Street. A picturesque tree-lined setting on the edge of Albert Park Village and St Vincent Gardens. Also close to tram options and easy access into the city.
Property History for 116 Palmerston Cres, South Melbourne, VIC 3205
- 01 Jul 2023Sold for $1,150,000
- 06 Jun 2023Listed for Sale $990,000 - $1,050,000
- 25 May 2020Listed for Rent $580 / week
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About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. There are 15 parks, covering nearly 3.3% of the 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 12,874 properties. Over the last 5 years, Houses in South Melbourne have seen a 1.10% increase in median value, while Units have seen a 3.74% increase. As at 31 May 2026:
- The median value for Houses in South Melbourne is $1,736,032 while the median value for Units is $635,102.
- Houses have a median rent of $825 while Units have a median rent of $675.
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