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

345 Bank Street
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 126m2
Land area: 98m2
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Property Details for 345 Bank St, South Melbourne

345 Bank St, South Melbourne is a 3 bedroom, 1 bathroom House. The property has a land size of 98m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in April 1982.

Building Type
House
Floor Size
126m2
Land Size
98m2
Local Government
Port Phillip
Lot/Plan
2/LP33563

Last Listing description (March 2026)

Beautifully renovated and rich in character, this stunning two-storey Victorian terrace seamlessly blends period charm with modern luxury. Thoughtfully updated throughout, the home offers stylish, low-maintenance living in one of South Melbourne's most desirable locations.

The property features three well-proportioned bedrooms, each with mirrored built-in robes and split-system heating and cooling. The master bedroom opens onto a private balcony and also includes a dedicated storage room/study nook, providing additional versatility and space. A stylishly renovated central bathroom has been designed with both comfort and functionality in mind.

At the front of the home, a separate living room showcases an ornate open fireplace, creating a warm and inviting space that reflects the home's beautiful Victorian heritage. This flows through to the light-filled kitchen, meals and living area, which forms the heart of the home. The ground floor is complemented by beautiful timber floorboards, enhancing the warmth and character of the living spaces, while a European laundry adds further practicality and convenience.

The home also offers excellent storage options throughout, including under-stair storage, mirrored built-in robes and additional storage space within the master bedroom, ensuring functionality without compromising style.

Large doors open out to a sun-drenched paved courtyard, complete with a convenient rear toilet and laneway access, providing the perfect setting for entertaining, relaxed weekends, or alfresco dining with family and friends.

Positioned in a highly sought-after pocket of South Melbourne, the home enjoys easy access to local cafs, parks, quality schools and boutique shopping. A short stroll places you within reach of South Melbourne Market, Albert Park Village, city-bound trams, the light rail and the bay.

Offering lifestyle, character and convenience in equal measure, this is a rare opportunity to secure a beautifully renovated residence in one of South Melbourne's most charming tree-lined streets.

Please note: All fireplaces are ornamental only and are excluded from use for the duration of the tenancy.

Property History for 345 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
28 Apr 1982
Listed for Rent
$645/w
10 Jun 2020
  • 12 Mar 2026
    Listed for Rent $1,450 / week
  • 08 Apr 2020
    Listed for Rent $645 / week
  • 26 Oct 2018
    Listed for Rent $795 / 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 12,934 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 46 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 482 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.