1706/138 Ferrars Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

1706/138 Ferrars Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 1970m2
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Last updated 10 Aug 2026
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Property Details for 1706/138 Ferrars St, South Melbourne

1706/138 Ferrars St, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 1970m2.

Building Type
Unit
Land Size
1970m2
Local Government
Port Phillip
Lot/Plan
1706/PS847286

Last Listing description (July 2025)

Watch the video for a preview then Book an inspection at a time that suits you.

A new way of living has arrived at Montague Square. A development purpose-built for long term tenants. Amazing services such as parcel delivery lockers, pet care, laundry services, cleaning and more, are all available to tenants. Plus you benefit from an on-site concierge who coordinates community functions and maintenance and whose role is to make your life easier! Lease for 3 years or less by mutual agreement.
The development further benefits from a gym, meeting room, resident lounge and function room.

This apartment is practically new and ready to move into now! Situated on the North West corner of the building you have the best of views to the cbd and bay!
It's rare to see a size like this in modern apartments, featuring a substantial air-conditioned living room with floor-to-ceiling windows and plenty of room for both couches and dining room table. Take in the views across Port Melbourne to the bay and beyond. The adjoining balcony is perfect for alfresco dining. Watching the fireworks this year will be pretty special. The kitchen will satisfy any MasterChef with a huge stone island bench, ample storage, full pantry, gas cooktop and full-size dishwasher. Both of the sundrenched bedrooms are a terrific size, with substantial built-in robes and the master benefits from an en-suite. There is a further central bathroom plus euro laundry and a plethora of storage and linen closets. There is a remote entry basement car park (not a stacker). Choose a storage cage to suit your needs and budget (some are large enough to fit a canoe!)

Situated opposite South Melbourne Primary school, with the light rail just around the corner and the South Melbourne Market and shopping precinct just a stroll away this is uber convenient living.

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Property History for 1706/138 Ferrars St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Listed for Rent
$850/w
08 Nov 2023
  • 25 Sep 2023
    Listed for Rent $850 / week
  • 26 Aug 2022
    Listed for Rent $750 / 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 12,939 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 30 properties listed for sale, and 50 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 482 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.