12/88 Park Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

12/88 Park Street
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 107m2
Land area: 2785m2
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Property Details for 12/88 Park St, South Melbourne

12/88 Park St, South Melbourne is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 2785m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in February 1998.

Building Type
Unit
Year Built
1997
Floor Size
107m2
Land Size
2785m2
Local Government
Port Phillip
Lot/Plan
12/PS403941

Last Listing description (October 2025)

Explore the epitome of modern living in this sophisticated first-floor, full-floorboard apartment. Nestled in a meticulously maintained building, this contemporary dwelling is flooded with natural light. It offers a tranquil and private environment, making it an inviting haven from the moment you step inside.

The open-plan living area is spacious and airy, featuring an 85-inch smart TV, a full leather reclining couch, and a dining area. It is bathed in natural light and seamlessly transitions to a private balcony. The modern, stylish kitchen is equipped with high-quality European stainless steel appliances, elegant stone benchtops, a convenient dishwasher, and generous cupboard storage space, providing functionality and modern aesthetics.

The residence boasts two welcoming bedrooms with spacious built-in robes, providing ample storage space for clothing and belongings. The generously appointed master bedroom features a coveted walk-in robe, offering both luxury and practicality. The elegantly designed bathroom has a sophisticated stone vanity and a shower over a modern bathtub, blending comfort with contemporary style.

The property has a range of additional amenities to enhance your living experience. These amenities include a secure intercom entry system and a designated single-car space for your convenience. Moreover, the communal facilities available to residents encompass an indoor swimming pool, a well-equipped gymnasium, a BBQ area, and a tennis court. These facilities aim to offer a balanced lifestyle that promotes leisure and fitness, catering to various personal preferences and interests.

Conveniently situated near the Royal Botanical Gardens, Shrine of Remembrance, South Melbourne Market, Melbourne Grammar School, Mac Robertson Girls High School, MSAC State Sports Centre, and Albert Park, with immediate access to a tram stop, this elegant residence in South Melbourne offers the perfect blend of serene surroundings and city excitement. This sophisticated and inviting abode is strategically located to provide a harmonious balance between relaxation and opportunities for urban exploration.

Other Lease Options:
Option 1: Long-term lease (24 months)
Option 2: Partially furnished property

Property History for 12/88 Park St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$286,500
12 Feb 1998
Listed for Rent
$550/w
17 Jun 2021
  • 15 Oct 2025
    Listed for Rent $1,400 / week
  • 09 Jul 2025
    Listed for Rent $1,400 / week
  • 02 Jan 2025
    Listed for Rent $1,400 / 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 12,857 properties. Over the last 5 years, Houses in South Melbourne have seen a 7.13% increase in median value, while Units have seen a 3.65% increase. As at 30 April 2026:

  • The median value for Houses in South Melbourne is $1,728,942 while the median value for Units is $640,842.
  • Houses have a median rent of $840 while Units have a median rent of $670.
There are currently 34 properties listed for sale, and 33 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 481 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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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.