307/97 Palmerston Crescent, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

307/97 Palmerston Crescent
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 37m2
Land area: 847m2
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Property Details for 307/97 Palmerston Cres, South Melbourne

307/97 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 37m2. While the property is not currently for sale or for rent, it was last sold in June 2013.

Building Type
Unit
Year Built
2015
Floor Size
37m2
Land Size
847m2
Local Government
Port Phillip
Lot/Plan
1307/PS701488

Last Listing description (January 2026)

This modern 1-bedroom apartment is perfectly situated in the vibrant heart of South Melbourne, offering a blend of comfort and convenience. With its stylish design and desirable features, this property is ideal for professionals or anyone seeking a cozy urban retreat.

Architecturally designed with the most modern fixtures and finishes. Light filled Open plan kitchen with Stainless steel Miele appliances, quality finishes with stone bench tops & timber flooring throughout

Large bedroom with floor to ceiling built in robes & access to large private covered balcony.

Modern sleek and spacious bathroom which incorporates a larger frameless shower recess and plenty of storage.

Features includes:
European style laundry
Security intercom
Split System heating and cooling
Security entrance
Lift access
Close to Shops & public transport

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Property History for 307/97 Palmerston Cres, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$337,500
17 Jun 2013
Listed for Rent
$420/w
15 Jan 2026
  • 07 Jan 2026
    Listed for Rent $420 / week
  • 07 May 2021
    Listed for Rent $285 / week
  • 06 May 2020
    Listed for Rent $320 / 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 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 29 properties listed for sale, and 43 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 470 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.