179 Park Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

179 Park Street
South Melbourne VIC 3205

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Land area: 296m2
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Property Details for 179 Park St, South Melbourne

179 Park St, South Melbourne is a 4 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 296m2. While the property is not currently for sale or for rent, it was last sold in July 2013.

Building Type
House
Land Size
296m2
Local Government
Port Phillip
Lot/Plan
1/TP702682

Last Listing description (January 2026)

THE DEAL
In one of the inner citys most beloved pockets, this endlessly versatile Victorian embraces its heritage, promotes comfort of the highest calibre, and celebrates the leafy vibrancy only South Melbourne can offer.

Quick to captivate with its broader-than-usual stance for a terrace of its era, the landmarks two distinct entries open up an array of potential uses. Two fully renovated storeys can easily be shut off from one-another to act as their own residences, just as ideal for multi-generational living as they are for business pursuits, long-term or short-stay leasing, or simply enjoying the building in its entirety as the perfect family home.

As functional and flexible as it is grand and graceful, the abodes lower-level master with its own elegant ensuite, wealth of robe space, and window-side study area is complemented by stand-out accommodation above in three large bedrooms and a luxe central bathroom. A combined upper kitchen/meals/lounge area spills onto a northern verandah wonderful for an evening cocktail soaking in the South Melbourne verve, while below, magnificent main areas make hospitality a breeze. Steel-frame glass doors stage floral outlooks, attract all-day sun, and open to streamline indoor-outdoor flow, with entwined living, dining, and backyard settings capably served by a gourmet kitchen with first-class fixtures.

Emboldened by Mixed Use zoning (MUZ) to further broaden capabilities, other highlights include chic black and brushed-bronze, floor-to-ceiling tiles in both bathrooms, stone benchtops, reverse-cycle heating/cooling, engineered oak floors, two
laundries, profuse storage, Art Deco-style light fittings, and ornate details furthering period appeal.

No more than seconds to the world-class coffee, diverse cuisine, boutique retail, and thriving nightlife of a true Melbourne icon in Clarendon Street, its mere footsteps to various trams, South Melbourne Market, MSAC, Albert Park Lakes leisure trail and Grand Prix circuit, lively Bridport Street, Southbanks fine dining, and the bustling CBD beyond.

SEALS THE DEAL
Unlike anything South Melbourne has seen for some time, a deep block wraps around to meet Palmer Street, offering secure, gated parking for at least four cars.

Property History for 179 Park St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$1,400,000
02 Jul 2013
Listed for Rent
$652/w
17 Nov 2017
  • 05 Nov 2025
    Listed for Sale THE DEAL: $2.45M - $2.65M
  • 04 May 2017
    Listed for Rent $25,000 / year
  • 13 Jan 2017
    Listed for Rent $40,000 / year
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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 12,877 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, 486 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.