306/148-150 Wells Street, South Melbourne, VIC 3205 sold on 20 August 2026 | OnTheHouse
SOLD
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Sold on 20 Aug 2026 for $608,500

306/148-150 Wells Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
Land area: 5439m2
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Property Details for 306/148-150 Wells St, South Melbourne

306/148-150 Wells St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 5439m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit
Year Built
1999
Floor Size
72m2
Land Size
5439m2
Local Government
Port Phillip
Lot/Plan
306/PS426962

Last Listing description (September 2026)

THE DEAL
Perfectly positioned in one of South Melbourne's most sought-after lifestyle pockets, this beautifully appointed two-bedroom residence delivers effortless inner-city living with a refined, contemporary edge. Bathed in natural light, the open-plan living and dining domain extends seamlessly to a spacious balcony overlooking beautifully landscaped gardens, while warm timber flooring and a timeless neutral palette create a home that feels both sophisticated and inviting.

At its heart, the stone-topped kitchen pairs quality stainless steel appliances with generous storage, while two well-proportioned bedrooms are serviced by a sleek central bathroom. Complete with split-system heating and cooling, secure intercom entry and outstanding resident amenities, every detail has been thoughtfully considered for low-maintenance, lock-and-leave living.

SEALS THE DEAL
Enjoy a lifestyle defined by convenience, with South Melbourne Market, Clarendon Street's vibrant caf and dining scene, Albert Park Lake, the Royal Botanic Gardens and the CBD all just moments away. Surrounded by transport options and some of Melbourne's best lifestyle attractions, this is an exceptional opportunity to secure a home or investment in one of the city's most tightly held neighbourhoods.

Property History for 306/148-150 Wells St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$608,500
20 Aug 2026
Listed for Rent
$525/w
31 Dec 2020
  • 20 Aug 2026
    Sold for $608,500
  • 04 Aug 2026
    Listed for Sale THE DEAL: Sold
  • 15 Dec 2020
    Listed for Rent $525 / week
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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 13,154 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 49 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 485 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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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.