202/148-150 Wells Street, South Melbourne, VIC 3205 sold on 29 March 2025 | OnTheHouse
SOLD
Sold on 29 Mar 2025 for $440,000

202/148-150 Wells Street
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
Land area: 5439m2
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Property Details for 202/148-150 Wells St, South Melbourne

202/148-150 Wells St, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 5439m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 1 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit
Year Built
2002
Floor Size
51m2
Land Size
5439m2
Local Government
Port Phillip
Lot/Plan
202/PS426962

Last Listing description (April 2025)

A free-flowing illustration of light-filled space, this affordable 1 bedroom apartment is serenely set in an exclusive South Melbourne pocket. Boasting wide-ranging owner-occupier and investor appeal, explore your new neighbourhood with a short stroll to the Royal Botanic Gardens, South Melbourne Market, local dining options, Woolworths shopping, multiple tram routes, and Anzac Railway Station.

The air-conditioned joys of roomy open-plan living and dining is underpinned by a chef-ready kitchen showcasing a breakfast bar, upgraded cabinetry for more storage capacity, and stainless-steel appliances including a 4-burner gas cooktop and an updated Bosch dishwasher. Occupying a second-floor setting in the tightly held Tower building, spill outside and instantly relax under a sheltered east-facing balcony overlooking Wells Street through leafy treetops with the spectacular St Kilda Road skyline rising from behind. The generously sized bedroom is naturally lit, serviced by mirrored built-in robes and a sparkling bathroom with a walk-in shower featuring hand/held and rainfall fittings.

Comprehensive features include secure car parking, a large Euro laundry, split-system heating and cooling, bamboo floorboards, flowing curtains, intercom security, and use of a glass-roofed 3-lane pool, tennis court, a fully equipped gym and a BBQ terrace.

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Outgoings:
Council Rates: $251.00 per quarter approx.
Water Rates: $172.94 per quarter approx.
Owners Corporation Fees: $995.00 per quarter approx.

Potential Rental Income: $500 per week approx.

Property History for 202/148-150 Wells St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$440,000
29 Mar 2025
Listed for Rent
$351/w
19 Mar 2021
  • 29 Mar 2025
    Sold for $440,000
  • 14 Mar 2025
    Listed for Sale $440,000
  • 03 Mar 2021
    Listed for Rent $351 / week
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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 12,872 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 39 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 496 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.