159 Bank Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

159 Bank Street
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 123m2
Land area: 100m2
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Property Details for 159 Bank St, South Melbourne

159 Bank St, South Melbourne is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1890. The property has a land size of 100m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in June 2024.

Building Type
House
Year Built
1890
Floor Size
123m2
Land Size
100m2
Local Government
Port Phillip
Lot/Plan
1/LP29617

Last Listing description (August 2024)

Enviable inner-city living meets an enchanting Victorian prospect with this c1880 terrace offering impressive space and contemporary style, just paces from some of Melbourne's most iconic leisure and dining precincts.

Introduced by a traditional balconied terrace facade, the property commands attention, while the landscaped garden entrance offers an immediate sense of tranquillity. Positioned on a corner allotment, residents enjoy the privacy benefits of having just one adjoining neighbour, with the interior renovated and light-filled, seamlessly combining modern comfort with elegant design. A corbel-arch hallway, high ceilings with intricate cornicing, and modern oak flooring exude elegance throughout, with three bedrooms, including one on the ground floor, capturing views of the garden and substantial storage. On the upper level, two further bedrooms each boast built-in robes and leafy outlooks, with the main bedroom providing direct access to the balcony.

An entertainer's domain opens to the rear of the home, where open-plan living and dining welcome year-round enjoyment through to a decked courtyard terrace, surrounded in seasonal colour from draped vines and striking Boston Ivy. A marble-bench kitchen is well-equipped with stainless steel appliances, whilst a powder room caters to easy living.

Located mere footsteps to Clarendon Street's lively bars, cafes, dining options and trams, and only minutes to the CBD, Royal Botanic Gardens, entertainment and art precincts and Albert Park Lake on foot, this spectacular home includes a large central bathroom upstairs, a European laundry, ducted heating/cooling and extensive storage.

Property History for 159 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$1,730,000
06 Jun 2024
Listed for Rent
$850/w
08 Apr 2021
  • 06 Jun 2024
    Sold for $1,730,000
  • 22 May 2024
    Listed for Sale Under offer
  • 11 Mar 2021
    Listed for Rent $850 / 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 12,878 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 37 properties listed for sale, and 24 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 490 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.