119/85 Market Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

119/85 Market Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 56m2
Land area: 3417m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 31 Aug 2026
Low

High
Save

Property Details for 119/85 Market St, South Melbourne

119/85 Market St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 3417m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
Unit
Year Built
2017
Floor Size
56m2
Land Size
3417m2
Local Government
Port Phillip
Lot/Plan
119/PS721500

Last Listing description (July 2023)

Step beyond the heritage facade of South Melbourne's iconic Australia Post building and be captivated by the unmistakable style and quality of this first-floor residence.
The 2-bedroom, 1-bathroom apartment offers the ultimate retreat that seamlessly combines peace and privacy with convenient inner city living.

The ambience is set with stunning engineered timber floors, creating an inviting atmosphere throughout.

The chic kitchen, complete with stone benchtops and top-of-the-line Smeg appliances and overlooks the open plan living/dining area and on to the incredible oversized balcony (35sqm approx) providing a perfect alfresco space for relaxation and entertaining.

Both generously sized bedrooms boast natural light from their balcony outlook, fitted built-in-robes ensuring ample storage space and are serviced by the gleaming, fully tiled bathroom with walk in shower.

Other features of the property include; separate Euro style laundry, secure entry, video intercom, lift access, storage cage, and secure basement parking (non-stacker).
Building amenities include an amazing rooftop alfresco area with communal BBQ facilities and that showcases some of the best panoramic views of the Melbourne CBD skyline-truly the epitome of modern living.

Situated in the heart of South Melbourne just beside the Market, cultural pubs, trendy cafes, and tram connections, this location offers unparalleled convenience.

Don't miss out on this extraordinary opportunity to embrace the South Melbourne lifestyle at its finest.
Contact us today to arrange an exclusive viewing.

Property History for 119/85 Market St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$600,000
06 Jul 2023
Listed for Rent
$650/w
21 Feb 2019
  • 06 Jul 2023
    Sold for $600,000
  • 28 Jun 2023
    Listed for Sale $570,000 - $620,000
  • 20 Oct 2022
    Transferred
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 12,642 properties. Over the last 5 years, Houses in South Melbourne have seen a -4.88% decrease in median value, while Units have seen a -0.82% decrease. As at 31 July 2026:

  • The median value for Houses in South Melbourne is $1,699,133 while the median value for Units is $613,169.
  • Houses have a median rent of $850 while Units have a median rent of $675.
There are currently 29 properties listed for sale, and 54 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 463 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.