387 Park Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
 
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387 Park Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 82m2
Land area: 120m2
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Last updated 2 Feb 2026
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Property Details for 387 Park St, South Melbourne

387 Park St, South Melbourne is a 2 bedroom, 1 bathroom House and was built in 1900. The property has a land size of 120m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in February 2022.

Building Type
House
Year Built
1900
Floor Size
82m2
Land Size
120m2
Local Government
Port Phillip
Lot/Plan
1/TP704725

Last Listing description (February 2022)

Nestled in the perfect tree-lined locale with a buffet of lifestyle at your fingertips, this Victorian cottage awaits its next chapter. With a faade adorned with an iron-laced veranda and slate roof, this brick home offers outstanding scope to extend and renovate (STCA).

Currently the home is greeted by the typical Victorian arched hallway with soaring 3.1 metre ceilings and comprises two principal rooms, living room and kitchen with gas cooking flowing to a private rear yard with pedestrian ROW via Draper Street. A mid-century mustard bathroom with bathtub, separate fitted laundry and second toilet.

Abound in choice walk to St Vincent Gardens, Albert Park village, South Melbourne Market, trams and Albert Park Primary School.

Inspect during scheduled open times or by appointment with the agent.
Presented by Cayzer Real Estate Albert Park.
All enquiries must include a phone number.

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Property History for 387 Park St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$1,310,000
12 Feb 2022
  • 12 Feb 2022
    Sold for $1,310,000
  • 18 Jan 2022
    Listed for Sale $1,150,000 - $1,250,000
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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 12,880 properties. Over the last 5 years, Houses in South Melbourne have seen a 8.14% increase in median value, while Units have seen a 6.21% increase. As at 31 December 2025:

  • The median value for Houses in South Melbourne is $1,743,660 while the median value for Units is $637,243.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 35 properties listed for sale, and 28 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.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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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.

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