401/97 Palmerston Cres, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015. While the property is not currently for sale or for rent, it was last sold in November 2022.
Spectacular uninterrupted northerly views of the Melbourne CBD from the interior and the balcony give this spectacularly fully furnished one-bedroom plus study/second living space apartment instant appeal and herald a fabulous lifestyle. Located on Level 4 of the highly sought-after and tightly held Orbis Building, close to Albert Park Lake and Clarendon Street, this is more than just a place to live in, it's a lifestyle. Designed by prize-winning architects ARM, a practice that creates apartment buildings that are not only places to live in, the unique Orbis building embodies their philosophy of being part of the surrounding urban landscape. From the South Melbourne Market to cafes, shops, the Lake, and MSAC, everything is close. When you return home, enjoy the open plan living zone that includes a Miele kitchen with a convection cooktop, stone bench tops, brand new floor-to-ceiling roller blinds, soft closing cabinetry, and generous storage, all of which will contribute to preparing gourmet meals with ease. Step outside onto the north-facing balcony with amazing city views for al fresco dining. The master bedroom is distinguished by built-in robes whilst a large mosaic-tiled bathroom as well as a European laundry tick all boxes. Other key features of this apartment include wide floorboards and new carpets, reverse cycle heating and cooling, one secure parking space accessed via car elevator plus storage cabinet, secure video entry for peace of mind, a beautiful lobby, and walkability to local cafes, shops, parks, and the tram to the CBD.
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 12,642 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:
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