281 Bank St, South Melbourne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2000. The property has a land size of 426m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in February 2020.
Showcasing signature Neo Metro design and quality, this sensational warehouse inspired contemporary residence delivers a sophisticated, versatile and spacious inner bayside lifestyle walking distance to the market, light rail, Albert Park Village and schools. Terrazzo style polished concrete floors set the tone in the wide entrance hall where timber stairs ascend to a clever fitted study and the generous light-filled living room (gas log fire) beneath a raised ceiling. The sleek gourmet Miele kitchen appointed with marble and stainless steel benches and an inviting dining area open to a lovely private Bougainvillea covered north-facing deck offering city glimpses. On the level above, the main bedroom with chic en suite, built in robe and a second fitted study enjoying spectacular city views. Two additional double bedrooms with built in robes and a stylish bathroom are on the ground level with a private courtyard/light-well. Finished with impeccable style, it also includes video intercom, ample storage sun-awning, laundry, storage and secure off street parking for two cars.
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 12,851 properties. Over the last 5 years, Houses in South Melbourne have seen a 7.13% increase in median value, while Units have seen a 3.65% increase. As at 30 April 2026:
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