248 Ferrars Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
 
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248 Ferrars Street
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 3
Car spaces: 1
Floor area: 208m2
Land area: 136m2
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Last updated 2 Feb 2026
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Property Details for 248 Ferrars St, South Melbourne

248 Ferrars St, South Melbourne is a 3 bedroom, 3 bathroom House with 1 parking spaces and was built in 1890. The property has a land size of 136m2 and floor size of 208m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
1890
Floor Size
208m2
Land Size
136m2
Local Government
Port Phillip
Lot/Plan
1/TP380767

Last Listing description (September 2023)

Please contact agent to arrange a private appointment.

Step into a beautifully renovated, traditional period residence and immediately feel at home. The ground floor features your first large bedroom with high ceilings and an original fireplace.

With a spacious, light-filled open-plan kitchen and living area, this residence is perfect for family living and entertaining. Highlights include a showpiece kitchen bench, an oversized dining space, and a light-filled lounge.

This ground level is topped off perfectly with the rare addition of off-street, secure parking.

The large master bedroom boasts a walk-in robe (WIR) and a private ensuite. A well-positioned balcony enhances the space, promising to be a treasured spot to greet each day. Another large bedroom, complete with a private ensuite, continues the modern feel on this level.

The floor plan is thoughtfully designed across the home, providing a fantastic dynamic of living spaces with a balanced level of privacy across all floors.

The heart of the home offers an indoor/outdoor living design, featuring a large family retreat with countless options and an additional generous bedroom or study space.

The truly exceptional rooftop terrace not only showcases the residence's location but is perfectly positioned to capitalise on the Melbourne city skyline. Comparable to a luxury penthouse, it is ideal for entertaining, family gatherings, or simply relaxing after a day at the office.

The location sells itself. Positioned within proximity to the Melbourne CBD, the South Melbourne precinct and markets, St Vincent Gardens, Albert Park, the area's finest educational institutions and Melbourne's golden beaches.

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Property History for 248 Ferrars St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$2,110,000
09 Aug 2023
Listed for Rent
$380/w
12 Aug 2008
  • 09 Aug 2023
    Sold for $2,110,000
  • 06 Jul 2023
    Listed for Sale Not Disclosed
  • 17 Aug 2022
    Listed for Sale THE DEAL: $2.475M - $2.7M
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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 12,881 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.10% increase in median value, while Units have seen a 5.96% increase. As at 31 January 2026:

  • The median value for Houses in South Melbourne is $1,777,710 while the median value for Units is $634,357.
  • Houses have a median rent of $725 while Units have a median rent of $650.
There are currently 35 properties listed for sale, and 25 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 488 properties were sold in the past 12 months in South melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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