209/75 Palmerston Cres, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2018. While the property is not currently for sale or for rent, it was last sold in November 2024.
This stylish 1 bedroom apartment is situated on the 2nd floor of 'Lakehouse', located a short stroll from Albert Park Lake and offers the best of city and village living. A timeless appeal is achieved through the soft tones, timber floors and ambient lighting throughout the kitchen/dining/living areas combining simplicity, clean lines and modern fittings to produce a sophisticated zone for relaxing or entertaining.
The bedroom has the luxury of mirrored built in robes, plush carpet, access to the undercover balcony and is serviced by a stylish tiled bathroom adorned in calming misty hues and featuring a walk in shower and ample storage space.
Features include; undercover balcony, secure entry and located within easy access to the Royal Botanic Gardens, South Melbourne Market, Fawkner Park, MSAC and transport options to the CBD.
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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