2/56 Smith Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

2/56 Smith Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 23 Mar 2026
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Property Details for 2/56 Smith St, South Melbourne

2/56 Smith St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2003.

Building Type
Unit
Year Built
2003
Local Government
Port Phillip

Last Listing description (January 2018)

NEAT AS A PICTURE!

Beautifully renovated, this North facing 1st floor 2 bedroom apartment boasts a sun lit open plan living area with split system heating and cooling, updated kitchen with stainless steel appliances and dishwasher. 2 generous bedrooms both offering full length built in robes, central renovated bathroom with huge walk in shower, individual laundry taps as well as a communal laundry in the building.
Other features include: Single lock up garage, security entrance, intercom system and double glazed windows. Ideally located within a short distance to St Vincent Gardens, Albert Park Lake, Light Rail, Tram, Citylink via Montague Street or Kings Way, South Melbourne Market as well as Bay Street and Clarendon Street shopping strips.
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Property History for 2/56 Smith St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
  • 02 Nov 2017
    Listed for Rent $450.00 per week
  • 23 Sep 2017
    Sold for $500,000
  • 28 Aug 2017
    Listed for Sale $420,000 - $460,000
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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 12,891 properties. Over the last 5 years, Houses in South Melbourne have seen a 11.08% increase in median value, while Units have seen a 7.33% increase. As at 28 February 2026:

  • The median value for Houses in South Melbourne is $1,779,597 while the median value for Units is $649,036.
  • Houses have a median rent of $725 while Units have a median rent of $650.
There are currently 38 properties listed for sale, and 29 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 493 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.