240 Montague Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

240 Montague Street
South Melbourne VIC 3205

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Land area: 188m2
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Last updated 29 Jun 2026
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Property Details for 240 Montague St, South Melbourne

240 Montague St, South Melbourne is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 188m2. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
House
Land Size
188m2
Local Government
Port Phillip
Lot/Plan
1/TP252048

Last Listing description (April 2026)

A masterfully transformed period residence showcasing rare quality, exceptional finishes, and intelligent design, set in the heart of prized inner bayside. Designed by renowned architects Studio 35 Architecture, this impressive home delivers an inspired balance of space, privacy, and light-filled living zones with outstanding family flexibility.

Comprising four bedrooms and three distinct living areas, every detail has been thoughtfully curated to create a refined yet highly functional lifestyle offering.
Beyond the leafy streetscape of Montague Street, a central entrance hall introduces the home's expansive ground floor. Here, a stunning open-plan kitchen, living and dining domain takes centre stage, highlighted by a striking stone island bench and premium Miele appliances. The living zone seamlessly extends to a private and central courtyard, complete with a heated in-ground pool, creating the perfect environment for relaxed entertaining.

Two generous bedrooms with built-in robes are serviced by a stylish central bathroom, accompanied by a separate laundry. A second front entrance reveals an additional living room-ideal as a home office, media room, or quiet reading retreat.

A statement staircase leads to the first-floor accommodation, featuring a luxurious main bedroom with extensive built-in robes and a beautifully appointed ensuite. The fourth bedroom also includes built-in robes, while an additional living zone with kitchenette offers exceptional versatility as a parents' retreat, guest lounge, or teen haven, complemented by a Bar and separate WC.

Additional highlights include ducted air conditioning and a large lock-up garage.

Perfectly positioned moments from St Vincent Gardens, Albert Park Village, and the South Melbourne Market, this exceptional residence delivers an unrivalled inner-city lifestyle of sophistication and convenience.

Property History for 240 Montague St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$1,450,000
25 May 2024
  • 29 Jan 2026
    Listed for Sale Contact Agent
  • 25 May 2024
    Sold for $1,450,000
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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 12,875 properties. Over the last 5 years, Houses in South Melbourne have seen a 1.10% increase in median value, while Units have seen a 3.74% increase. As at 31 May 2026:

  • The median value for Houses in South Melbourne is $1,736,032 while the median value for Units is $635,102.
  • Houses have a median rent of $825 while Units have a median rent of $675.
There are currently 34 properties listed for sale, and 39 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 486 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.