201/28 Bank St, South Melbourne is a 1 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 February 2026. There are other 1 bedroom Unit sold in South Melbourne in the last 12 months.
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.
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 12,940 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:
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