2 Palmer Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

2 Palmer Street
South Melbourne VIC 3205

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 350m2
Land area: 272m2
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Property Details for 2 Palmer St, South Melbourne

2 Palmer St, South Melbourne is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 272m2 and floor size of 350m2. While the property is not currently for sale or for rent, it was last sold in April 2015.

Building Type
House
Year Built
2005
Floor Size
350m2
Land Size
272m2
Local Government
Port Phillip
Lot/Plan
2/TP396954

Last Listing description (April 2015)

The sheer scale, sensational style and impressive level of finish showcased by this architect designed contemporary residence's spectacular indoor and outdoor dimensions create a unique inner bayside family sanctuary walking distance to Clarendon Street, South Melbourne market and trams to the city.
Dramatically high ceilings and huge limestone floor tiles create a wonderful first impression through the central gallery leading to a fitted study, reading room and living room with sandstone open fireplace. The open plan gourmet kitchen boasting stone benches, Ilve oven and fully appointed butler's pantry and a fabulous dining space open out to a picturesque and completely private west-facing terrace with stunning pool. Timber stairs lead up to the beautiful main bedroom with marble en-suite, lavish walk in robe and balcony, a second bedroom with stone en-suite, built in robe and balcony. The East first floor wing comprises of a large retreat with two additional double bedrooms with BIRs and desks and a third marble bathroom. A rooftop entertaining room opens on all sides to surrounding terraces commanding panoramic city views.
Impeccably appointed throughout with alarm, powder-room, laundry, storage hydronic and underfloor heating and 2 internally accessed garages.

Property History for 2 Palmer St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$3,210,000
11 Apr 2015
Listed for Rent
$2.20k/w
28 Jan 2009
  • 11 Apr 2015
    Sold for $3,210,000
  • 13 Mar 2015
    Listed for Sale SOLD - $3,210,000
  • 21 Jan 2009
    Sold for $2,425,000
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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 12,877 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.82% increase in median value, while Units have seen a 6.26% increase. As at 30 November 2025:

  • The median value for Houses in South Melbourne is $1,744,641 while the median value for Units is $633,273.
  • Houses have a median rent of $725 while Units have a median rent of $650.
There are currently 35 properties listed for sale, and 32 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 480 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.