416/338 Kings WaySouth Melbourne VIC 3205
Property Details for 416/338 Kings Way, South Melbourne
416/338 Kings Way, South Melbourne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 1 bedroom Apartment sold in South Melbourne in the last 12 months.
Last Listing description (March 2026)
• 100m From Albert Park Lake
• 300m From New ANZAC Station
• Moments from Albert Park Golf Course, where dogs can be walked off-leash at any time
• Direct access to the CBD & St Kilda Road precinct
• Bathed in natural sunlight
• Large light filled balcony with Southbank views
• Large bedroom featuring mirrored built-In robes
• Contemporary bathroom with European laundry
• Secure basement car parking and storage cage on title
• Low maintenance apartment with secure entry & lift access
Approximate Rental Value at $550 - $580 per week.
Step into a refined city-fringe lifestyle with this perfectly positioned one-bedroom apartment on Level 4 of the sought-after Silverleaf building, where contemporary design meets everyday ease.
Timber flooring flows throughout the light-filled interior, while the sleek kitchen is thoughtfully appointed with quality appliances, stone benchtops, an integrated fridge/freezer and a striking mirrored splashback, creating a space that is as functional as it is stylish. The modern bathroom incorporates a European laundry, delivering smart practicality without compromising on design. Extending the living space outdoors, a large balcony soaked in afternoon sunlight captures sweeping views toward Southbank's glittering skyline. An ideal setting to unwind or entertain.
Enjoy morning strolls around Albert Park Lake, relax at the Botanical Gardens, and take advantage of tram access, cafés, restaurants, and shopping just moments away. With MSAC, Lakeside Stadium, Clarendon Street, and the South Melbourne Market all within easy reach. An exceptional opportunity to embrace a lifestyle, or investment opportunity where city sophistication, parkland serenity and unrivalled connectivity come together.
Property History for 416/338 Kings Way, South Melbourne, VIC 3205
- 19 Feb 2026Sold for $350,000
- 10 Feb 2026Listed for Sale $320,000 - $350,000
- 11 Apr 2017Sold for $360,000
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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 12,921 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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