242 Bank StreetSouth Melbourne VIC 3205
Property Details for 242 Bank St, South Melbourne
242 Bank St, South Melbourne is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1900. While the property is not currently for sale or for rent, it was last sold in May 2025.
Last Listing description (May 2021)
Emerald Hill Landmark
Taking a prominent corner position in an ideal South Melbourne location, this historic Emerald Hill landmark showcases Victorian era splendour. Formerly a boarding house and retail store, it was built in 1898 and has been reimagined for modern living, taking advantage of divine period details, beautiful natural light, and a wonderful sense of space throughout, a substantial flexible floor plan.
Encounter spacious living and dining rooms with a gallery-like front lounge (converted from the old shop front). Cater for lavish parties from the chic stainless steel-topped kitchen with oversized Smeg gas cooktop and oven, complete with a meals area and study nook. Step outside and enjoy a sunny westerly facing easy-care courtyard garden.
Upstairs, delight in the beautiful master bedroom with a stylish ensuite, extensive walk-in robes and plantation shutters letting in soft natural light. Find two more bedrooms (one with built-in robes), a second bathroom and a separate family laundry. Enjoy the sunshine on the superb terrace with elevated views.
With the additional advantage of secure off-street parking and storage rooms, and hydronic heating throughout, this exquisite classic is just a stroll to South Melbourne Markets, Clarendon Street shops, local restaurants and cafes. The beach is moments away. It's an easy walk to the Albert Park Village, Albert Park Lake, MSAC and the number 12, 1 and 96 trams. Only minutes to the CBD and within the sought after Albert Park College zone.
Property History for 242 Bank St, South Melbourne, VIC 3205
- 02 May 2021Sold for $2,460,000
- 22 Mar 2021Listed for Sale Contact Agent
- 04 Jun 2010Listed for Rent - Price not available
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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 12,922 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.
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