306/41 Bank Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
FOR SALE

306/41 Bank Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 1435m2
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Property Details for 306/41 Bank St, South Melbourne

306/41 Bank St, South Melbourne is a 2 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 1435m2.This Property is currently listed for sale with Ray White Southbank | Port Phillip

Building Type
House
Land Size
1435m2
Local Government
Port Phillip
Lot/Plan
306/PS827451

Last Listing description (February 2026)

Property Overview:

Ideally positioned on the edge of Melbourne's most prestigious parklands and lifestyle precincts, this elegant two-bedroom, two-bathroom apartment presents a rare opportunity to secure uninterrupted views combined with high-quality finishes and outstanding convenience.

The thoughtfully designed floorplan prioritizes functionality and flow, incorporating a generous walk-in pantry that can be closed off, a well-appointed European laundry, and ample same-level storage. The interiors are enhanced by upgraded electric blinds, plush carpeting, sheer curtains, and quality imported appliances, delivering a refined and comfortable living environment.

Situated within a tightly held, predominantly owner-occupied building, residents benefit from an exceptional range of amenities, including concierge services, a private dining room, yoga studio, resident lounges, secure parking, and immaculately landscaped outdoor spaces.

Location Highlights:

Conveniently located moments from The Tan Track, the Royal Botanic Gardens, Albert Park Lake, the Domain Precinct, and the newly completed ANZAC train station, the property offers an unparalleled inner-city lifestyle.

Developed by Virgate, constructed by L.U. Simon, and designed by Bruce Henderson Architects, this residence reflects a commitment to quality, craftsmanship, and considered architectural design.

If you have any further questions, please don't hesitate to get in touch with Zekria on 0411 577 970.

Property History for 306/41 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$740,000
01 Jun 2023
Listed for Rent
15 Nov 2024
  • 11 Feb 2026
    Listed for Sale $685,000 - $750,000
  • 27 Oct 2024
    Listed for Rent $700 / week
  • 07 Aug 2023
    Listed for Rent $750 / week
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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 12,877 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 37 properties listed for sale, and 24 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 490 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.