118/88 Park Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

118/88 Park Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 2785m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 6 Jul 2026
Low

High
Save

Property Details for 118/88 Park St, South Melbourne

118/88 Park St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 2785m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in August 2000.

Building Type
Unit
Year Built
1997
Floor Size
84m2
Land Size
2785m2
Local Government
Port Phillip
Lot/Plan
118/PS403941

Last Listing description (March 2026)

The Phone Code for this property is: 52798. Please quote this number when phoning or texting.

Please submit an enquiry to receive a link to the Application Form.

If you're sick of shoebox-sized apartments then this extra large, 95m2 2BR apartment with sweeping bay views and fantastic amenities will be perfect for you. The property comprises modern security entrance and foyer, two large bedrooms with built-in robes (main BR has a walk in robe) and a modern kitchen

equipped with gas appliances and a dishwasher. There is a modern bathroom with a separate laundry, which have just been renovated and have never been used before. The apartment has direct-to-premises NBN, with lightning fast internet access. Gas bills are also included in the rental. The living/dinning area leads to a balcony with sweeping views
of the Port Phillip Bay and glimpses of the Albert Park lake. You will have access to great amenities, such as a lap pool, a full-sized tennis court, an outdoor BBQ area and a functional and well-equipped gym - all included in the rental.The apartment will suit a busy professional who likes to be close to the CBD, but also close enough to South Melbourne Market, the Clarendon Street cafes and the Albert Park Lake for that evening stroll - all within 10 minutes walk. The apartment is also
well connected by public transport, with a tram stop for tram 55 just outside the building, while the Domain interchange and Metro station is only 3 minutes away. There is also an undercover carspace available for one car. This is a great offering that won't be available for long. Long term tenants are preferred and the apartment is now ready to move-in.
OPEN FOR INSPECTION AT ADVERTISED TIMES AND BY APPOINTMENT
INSTRUCTIONS at INSPECTION TIME. If the attendant is not at the door, press 118A at the intercom. Go to the lift to Floor 11. Exit the lift and turn right and you will see apartment No. 118 is at the end of the corridor on the left hand side. You can also text when you arrive at the building (note this number will not be active outside of the inspection times).

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property History for 118/88 Park St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$255,000
25 Aug 2000
Listed for Rent
31 Mar 2026
  • 24 Mar 2026
    Listed for Rent $710 / week
  • 14 Nov 2023
    Listed for Rent $580 / week
  • 30 Mar 2022
    Listed for Rent $520 / week
Sign in to see more transactions
Commute Calculator

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 12,896 properties. Over the last 5 years, Houses in South Melbourne have seen a -2.61% decrease in median value, while Units have seen a 1.68% increase. As at 30 June 2026:

  • The median value for Houses in South Melbourne is $1,689,377 while the median value for Units is $624,560.
  • Houses have a median rent of $825 while Units have a median rent of $675.
There are currently 34 properties listed for sale, and 32 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 482 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

Market Insights
South Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
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.