321 Bank Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

321 Bank Street
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 184m2
Land area: 182m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 6 Jul 2026
Low

High
Save

Property Details for 321 Bank St, South Melbourne

321 Bank St, South Melbourne is a 3 bedroom, 2 bathroom Unit and was built in 1910. The property has a land size of 182m2 and floor size of 184m2. While the property is not currently for sale or for rent, it was last sold in February 2019.

Building Type
Unit
Year Built
1910
Floor Size
184m2
Land Size
182m2
Local Government
Port Phillip
Lot/Plan
1/TP512475

Last Listing description (March 2019)

Impressively proportioned and magnificently finished, this ultra stylish Edwardian residence benefits from superb renovations including a second level extension and a premium position in a peaceful pocket of South Melbourne just moments from the renowned attractions of the locale.
Embraced by beautifully landscaped gardens, an immaculately maintained frontage introduces the charming interiors boasting pristine period features including hardwood floors, high decorative ceilings, leadlight glass, timber fretwork and ornate fireplaces. A wide L shaped hallway flows past a refined study and library fitted with built-in desk and storage and leads to expansive open plan living and dining, designed for both relaxed living and lavish entertaining. A gourmet kitchen appointed with plentiful storage and a suite of high end appliances including integrated Miele dishwasher, gas and induction cooktops, Gaggenau double oven, one is a steam oven and the other is convection, integrated Liebherr double fridge/freezer, boasts a vast stone island bench, providing the perfect setting for relaxed dining. A private decked courtyard offers an abundance of storage as well as space for outdoor dining and entertaining.

A sensational main bedroom suite serenely set on the first floor includes extensive built-in robes and custom storage, bi fold doors opening out to a north facing rooftop terrace with striking city views and a chic bathroom with stone vanity. A second bedroom on the ground floor is fitted with walk-in robe and bright ensuite with shower over spa bath. This delightful home also features European laundry, ducted heating, secure entry and rear pedestrian access. Located a short stroll to St Vincent Gardens, Anzac Gardens, South Melbourne Market, Albert Park Lake and MSAC, with excellent schooling also in close proximity.

Property History for 321 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$2,000,000
23 Feb 2019
  • 23 Feb 2019
    Sold for $2,000,000
  • 29 Jan 2019
    Listed for Sale Contact Agent
  • 19 Jun 2018
    Transferred
Sign in to see more transactions
Commute Calculator

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 12,921 properties. Over the last 5 years, Houses in South Melbourne have seen a -2.61% decrease in median value, while Units have seen a 1.68% increase. As at 30 June 2026:

  • The median value for Houses in South Melbourne is $1,689,377 while the median value for Units is $624,560.
  • Houses have a median rent of $825 while Units have a median rent of $675.
There are currently 34 properties listed for sale, and 32 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 476 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

Market Insights
South Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.