407/38 Bank StreetSouth Melbourne VIC 3205
Property Details for 407/38 Bank St, South Melbourne
407/38 Bank St, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 3820m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in August 2017.
Last Listing description (September 2017)
Awash with natural light and offering a pristine and spacious living experience in the coveted Capri complex, this one bedroom Bank Street apartment is an excellent entry level opportunity for anyone wanting to live a relaxed South Melbourne lifestyle. Located not far from the Royal Botanic Gardens, South Melbourne shops including the market, Albert Park Lake, & St Kilda Rd trams.
Accommodation: Perfect for any and all buyers including keen South Melbourne dwellers and astute investors, this south-facing abode enjoys bright and open lounge and dining, sleek kitchen featuring a breakfast counter and stainless steel appliances, balcony with great views including down to Bank Street below, bedroom with mirrored built-in robe, and a well-kept bathroom with a concealed laundry.
Features: Secure car space, reverse cycle heating and cooling, intercom entry, communal Capri facilities including indoor pool, gym, and tennis court
INDICATIVE SELLING PRICE: $429,000
COMPARABLE SALE 1: 1109/28 Bank Street, South Melbourne. SOLD $415,000- 19/04/2017- 1 Bed, 1 Bath, 1 Car. Land size 50 sqm.
COMPARABLE SALE 2: 906/28 Bank Street, South Melbourne. SOLD $420,000- 25/02/2017- 1 Bed, 1 Bath, 1 Car. Land size 50 sqm.
COMPARABLE SALE 3: 406/28 Bank Street, South Melbourne. SOLD $428,000- 01/12/2016- 1 bed, 1 Bath, 1 Car. Land size 50 sqm.
Property History for 407/38 Bank St, South Melbourne, VIC 3205
- 14 Aug 2017Sold for $425,000
- 08 May 2017Listed for Sale $429,000
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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 12,920 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.
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