124 Palmerston Crescent, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

124 Palmerston Crescent
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 112m2
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Last updated 24 Aug 2026
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Property Details for 124 Palmerston Cres, South Melbourne

124 Palmerston Cres, South Melbourne is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces. The property has a land size of 112m2.

Building Type
Townhouse
Land Size
112m2
Local Government
Port Phillip
Lot/Plan
2/PS739675

Last Listing description (April 2023)

** NO FURTHER INSPECTIONS - PENDING APPLICATION **

Find yourself in a stylish piece of modern architecture, situated in the heart of South Melbourne and offering city living at its best. Perfect for young professionals or executive couple looking for a cosmopolitan city lifestyle and hard to beat location, it is hard to look past this superb two storey townhouse.

Boasting 3 bedrooms with built in robes, 2 bathrooms and a separate powder room, spacious open plan living and dining area with abundance of natural light, perfect for entertaining. The property features

quality finishes and appliances, heating and air conditioning, floor to ceiling windows, sliding doors opening up to the balcony area, and downstairs small decked patio.

Please note that the photos are of 143 Eastern Road which is almost a mirror image of 124 Palmerston Crescent's internal layout.

This townhouse is located conveniently close to Bay Street shopping precinct, and within a short distance to Melbourne CBD, Melbourne's most famous attractions, South Melbourne Market, trains, and trams. Albert Park Lake and recreation centre, The Royal Botanic Gardens and much more are just some of the abundant facilities offered in this bountiful locale.

This townhouse is a rare find in the heart of South Melbourne. Do not miss your chance to secure this hot property.

*** Please note that the photos are of 143 Eastern Road which is almost a mirror image of 124 Palmerston Crescent's internal layout. ***

Property History for 124 Palmerston Cres, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Listed for Rent
$930/w
19 Apr 2023
  • 03 Apr 2023
    Listed for Rent $930 / week
  • 01 Mar 2022
    Listed for Rent - Price not available
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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 12,939 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, 485 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.