407/79 Market Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

407/79 Market Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
Land area: 848m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 20 Jul 2026
Low

High
Save

Property Details for 407/79 Market St, South Melbourne

407/79 Market St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 848m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Year Built
2016
Floor Size
52m2
Land Size
848m2
Local Government
Port Phillip
Lot/Plan
407/PS723567

Last Listing description (September 2022)

Sleek, stylish, and luxuriously spacious, this two-bedroom apartment indulges a plush indoor-outdoor lifestyle in effervescent city-fringe surrounds. Cocooned in the quiet comfort of double glazing, the home is a chic sanctuary, dressed in an on-trend palette of Oak floorboards and stone surfaces.

The vast open plan layout is a fabulous indoor-outdoor setting, offering space to relax and dine with friends, stretching through full-height stacker doors onto a wide private balcony. The kitchen caters to every occasion in a striking outfit of stone benches and glass splashbacks, providing the home cook with Smeg appliances, a dish drawer, and ample storage including a pull-out pantry.


Two robed bedrooms generously accommodate rest and retreat, including a bespoke study nook to one, and balcony access to the second. Complete with a sleek central bathroom, a European laundry, secure basement parking and a storage cage, this lifestyle apartment offers residents access to a sundrenched rooftop terrace for en-masse entertaining, offering barbecue and dining facilities against a spectacular city skyline.

Reflecting the area's industrial origins with brick and concrete features, this funky apartment complex is in the vibrant heart of South Melbourne among trendy cafs, restaurants, nightlife, transport, and the South Melbourne Market, while a leisurely stroll to South Wharf and the CBD.

Property History for 407/79 Market St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$530,000
23 Sep 2022
Listed for Rent
$495/w
02 Nov 2016
  • 23 Sep 2022
    Sold for $530,000
  • 07 Jul 2022
    Listed for Sale $530,000
  • 31 Jan 2019
    Sold for $557,500
Sign in to see more transactions
Commute Calculator

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.
There are currently 34 properties listed for sale, and 38 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 459 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

Market Insights
South Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.