232/85 Market Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

232/85 Market Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
Land area: 3417m2
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Last updated 13 Jul 2026
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Property Details for 232/85 Market St, South Melbourne

232/85 Market St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2018. The property has a land size of 3417m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in July 2018.

Building Type
Unit
Year Built
2018
Floor Size
58m2
Land Size
3417m2
Local Government
Port Phillip
Lot/Plan
232/PS721500

Last Listing description (August 2018)

This property is being offered for immediate private sale. All reasonable offers will be presented to the vendor for their consideration. One of the first to be offered in the Teri building since completion early this year, apartment 232 is fresh, light and low maintenance. The red-brick street-front period building has been retained, and Point Architects have brilliantly created luxury city edge apartments behind.
Comprising two spacious bedrooms, both with built in robes, fully equipped kitchen and large terrace with city views. Centrally located minutes from the South Melbourne Market and Clarendon Street as well as trams into the CBD (if you choose not to walk!)

Car space and storage unit on title and security entrance.
Communal BBQ area on Level 7

Property History for 232/85 Market St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$565,000
06 Jul 2018
  • 06 Jul 2018
    Sold for $565,000
  • 15 May 2018
    Listed for Sale Contact Agent
  • 19 Mar 2018
    Sold for $545,000
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About South Melbourne 3205

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 12,920 properties. Over the last 5 years, Houses in South Melbourne have seen a -2.61% decrease in median value, while Units have seen a 1.68% increase. As at 30 June 2026:

  • The median value for Houses in South Melbourne is $1,689,377 while the median value for Units is $624,560.
  • Houses have a median rent of $825 while Units have a median rent of $675.
There are currently 33 properties listed for sale, and 36 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 465 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.