305/97 Palmerston Crescent, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

305/97 Palmerston Crescent
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 35m2
Land area: 847m2
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Property Details for 305/97 Palmerston Cres, South Melbourne

305/97 Palmerston Cres, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015. The property has a land size of 847m2 and floor size of 35m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
Unit
Year Built
2015
Floor Size
35m2
Land Size
847m2
Local Government
Port Phillip
Lot/Plan
1305/PS701488

Last Listing description (June 2024)

Step in to this neat, fully furnished apartment in the heart of South Melbourne. Everything you need is here, ready to move in straight away.

With open plan kitchen lounge including a beautiful island bench with stools, split-system heating and cooling for year round comfort and timber floors. Featuring integrated stainless-steel appliances including electric cooktop and oven, dishwasher and small appliances. Ample storage throughout and a dining table compliments the lounge suite, which opens out to a private undercover balcony.

The bedroom includes large built-in robes with queen bed and is serviced by the central bathroom with walk-in shower, tiled floor to ceiling and mirrored cabinets above the vanity. Euro laundry and intercom entry complete the picture!

Location is second to none with South Melbourne shops around the corner, endless choice of restaurants and cafes along Clarendon Street, The Royal Botanic Gardens and Albert Park at your doorstep or hop on a short tram straight in to Melbourne's CBD.

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Property History for 305/97 Palmerston Cres, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$295,000
02 Jun 2023
Listed for Rent
$500/w
14 Jun 2024
  • 06 May 2024
    Listed for Rent $500 / week
  • 02 Jun 2023
    Sold for $295,000
  • 06 Mar 2023
    Listed for Sale SOLD
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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 12,931 properties. Over the last 5 years, Houses in South Melbourne have seen a -4.88% decrease in median value, while Units have seen a -0.82% decrease. As at 31 July 2026:

  • The median value for Houses in South Melbourne is $1,699,133 while the median value for Units is $613,169.
  • Houses have a median rent of $850 while Units have a median rent of $675.
There are currently 30 properties listed for sale, and 43 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 466 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.