132 Thistlethwaite Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
 
OFF MARKET

132 Thistlethwaite Street
South Melbourne VIC 3205

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 507m2
Improve this data
We do not have enough data to display the calculated estimate for this property.
Share
Save

Property Details for 132 Thistlethwaite St, South Melbourne

Building Type
Commercial
Land Size
507m2
Local Government
Port Phillip
Lot/Plan
2/PS344662

Last Listing description (October 2023)

Lemon Baxter are delighted to present 132 Thistlethwaite Street South Melbourne for sale, this property represents a unique and valuable opportunity for investors, owner-occupiers, and developers seeking to invest in the city fringe area.

Located in Melbourne's Montague precinct, part of the Fisherman's Bend Urban Renewal plan, this property is well-positioned to benefit from the ongoing transformation of the area into a bustling mixed-use hub with a focus on residential and employment development.

Key Features and Benefits:

- Prime location in a city fringe area experiencing rapid transformation.
- Dual frontage enables the property to accommodate two tenancies or be merged into a single tenancy for potential future owner-occupation.
- Fully leased until mid 2024 for a combined passing income of $95,000 pa plus GST,
- Potential for vacant possession by mid 2024.
- Extremely favourable Capital City zoning, which supports potential redevelopment opportunities in a rapidly transforming precinct.
- Multiple major projects in the planning phase are expected to significantly boost the population density in the surrounding area.
- Excellent accessibility to transport linkages, including the 109 and 96 light rail trams, as well as major arterials such as Citylink, the M1, and Kingsway.

Show More

Property History for 132 Thistlethwaite St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$2,650,000
22 Jul 2021
  • 02 Oct 2023
    Listed for Sale Contact Agent
  • 01 May 2023
    Listed for Sale Contact Agent
  • 05 Aug 2022
    Listed for Sale Contact Agent
Sign in to see more transactions
Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 12,877 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 27 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.

South Melbourne Profile Page

Suburb Insights for South Melbourne 3205

Visit South Melbourne profile page
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
Visit South Melbourne profile page
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED