128 Montague Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
FOR SALE

128 Montague Street
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 76m2
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Property Details for 128 Montague St, South Melbourne

128 Montague St, South Melbourne is a 1 bedroom, 1 bathroom House and was built in 1890. The property has a land size of 76m2.This Property is currently listed for sale with Ray White Mount Waverley

Building Type
House
Year Built
1890
Land Size
76m2
Local Government
Port Phillip
Lot/Plan
2/LP33225

Last Listing description (February 2026)

Set behind an original brick faade, this beautifully renovated one-bedroom cottage combines timeless character with modern comfort in one of South Melbourne's most sought-after pockets. Perfect for owner-occupiers, professionals, or investors, the home offers low-maintenance living without compromising on style or location.The interior has been fully renovated, featuring a modern kitchen, a stylish bathroom, and thoughtfully updated living spaces that enhance the home's original charm. A private rear courtyard completes the package, providing an ideal outdoor retreat for relaxing or entertaining.Positioned moments from South Melbourne Market, Clarendon Street cafs and shops, public transport, and the CBD, this home offers the perfect balance of lifestyle, convenience, and long-term value.A rare opportunity to secure a character-filled, fully renovated cottage in a blue-chip inner-city location.Photo ID required for all open inspections.

Property History for 128 Montague St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$610,000
02 Mar 2021
Listed for Rent
$500/w
13 Jan 2025
  • 27 Jan 2026
    Listed for Sale FOR SALE ($750,000 - $790,000)
  • 28 Oct 2024
    Listed for Rent $500 / week
  • 10 Oct 2023
    Listed for Rent $550 / week
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About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of 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 12,876 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.10% increase in median value, while Units have seen a 5.96% increase. As at 31 January 2026:

  • The median value for Houses in South Melbourne is $1,777,710 while the median value for Units is $634,357.
  • Houses have a median rent of $725 while Units have a median rent of $650.
There are currently 38 properties listed for sale, and 26 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 488 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.