201/28 Bank Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

201/28 Bank Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 3774m2
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Property Details for 201/28 Bank St, South Melbourne

201/28 Bank St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 3774m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Unit
Year Built
2000
Floor Size
71m2
Land Size
3774m2
Local Government
Port Phillip
Lot/Plan
201/PS429423

Last Listing description (December 2025)

Perfectly positioned on quiet Bank Street between the Shrine of Remembrance and Kings Way, this stylish South Melbourne apartment offers a unique blend of urban convenience and homely comfort.Set at the rear of podium level 2, it enjoys a tranquil, private patio with direct, keyless access to premium communal facilities including a full-size tennis court, indoor pool, and fully equipped gym only metres away from the patio gate. To the right, further amenities include outdoor group seating and BBQ facilities, which continue onto two expansive separate garden areas. A rare inner-city perk, residents can join the buildings gardening group to partake in a communal herb and veggie patch - a terrific way to make friends and enjoy fresh produce all year round.An established patio pet flap makes this home ideal for animal lovers, giving your furry friend easy access to your courtyard.Inside, the sleek, automated kitchen impresses with fully integrated Miele, Bosch and Liebherr appliances, providing a luxurious, stylish zone for seamless preparing and hosting, including a hidden automated hands-free bin - all designed for hygienic, convenient, and modern living. Recently installed is a 5-stage Reverse Osmosis filtration system, providing removal of up to 99% of bacteria, chemicals, heavy metals and sediments. The kitchen adjoins the open plan lounge room with stylish polished concrete-look floors and reverse cycle split system air conditioner. The primary bedroom features a new ceiling fan and colourful feature wall, while the second bedroom/study enjoys an even more relaxing, peaceful view of the private patio greenery. The bathroom is positioned for convenient access from both bedrooms with a laundry cupboard for washer and dryer, shower over bath, and large, secure overhead cabinet for extra storage. Offering unique style, practicality and a sense of community, this apartment stands out as a chic urban retreat on the South Melbourne/Southbank fringe. Key features: Private courtyard; one of only 4 units with direct, keyless access to amenities Full-size tennis court, heated indoor pool, gym and BBQ Communal veggie patch and friendly gardening committee One secure car space, with convenient access from Bank Street ground floor entrance. Sleek, automated kitchen with automated and integrated appliances Pet-friendly with existing cat/dog flap Peaceful rear position between Shrine of Remembrance and Kings WayOutgoings:Council Rates: $340.00 per quarter approx.Water Rates: $176.00 per quarter approx.Owners Corporation Fees: $1,100.00 per quarter approx.Potential Rental Income: $750 per week approx.

Property History for 201/28 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$660,000
14 Jan 2022
Listed for Rent
$550/w
17 Dec 2015
  • 30 Oct 2025
    Listed for Sale $690,000 - $720,000
  • 14 Jan 2022
    Sold for $660,000
  • 01 Dec 2021
    Listed for Sale $660,000
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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 12,871 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 33 properties listed for sale, and 38 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 498 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.