401/97 Palmerston Crescent, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

401/97 Palmerston Crescent
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 401/97 Palmerston Cres, South Melbourne

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.

Building Type
Unit
Year Built
2015
Local Government
Port Phillip
Lot/Plan
1401/PS701488

Last Listing description (August 2023)

FULLY FURNISHED LIFESTYLE APARTMENT

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.

Property History for 401/97 Palmerston Cres, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$515,000
11 Nov 2022
  • 14 Aug 2023
    Listed for Rent $700 per week
  • 11 Nov 2022
    Sold - Price Undisclosed
  • 28 Jul 2022
    Listed for Sale $520,000 - $550,000
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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 12,642 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:

  • 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 54 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 463 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.