423 City Road, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

423 City Road
South Melbourne VIC 3205

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 545m2
Land area: 302m2
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Property Details for 423 City Rd, South Melbourne

Building Type
Commercial
Floor Size
545m2
Land Size
302m2
Local Government
Port Phillip
Lot/Plan
1/TP400653

Last Listing description (March 2014)

Highly sort after two (2) storey building in a prime City Road, South Melbourne location.
The first floor is made up of a large light filled open plan working area with a partitioned meeting room and offices with city views. There is an extensive lunch room with amenities and a large balcony perfect for Friday drinks.

The flexible, Ground Floor Showroom/Warehouse has a prominent street presence with off street undercover parking from a large side roller door and ground level set of amenities.

Features include:

Building area: 545sqm*
Air-conditioning throughout
Great street exposure
Data cabling
Swipe card security
Alarm
Balconies with city views
Fully equipped kitchen with dishwasher


For all your Industrial, Retail and Commercial needs contact ICR Property Group

Raff De Luise- 0418 533 633

Guy Naselli- 0413 750 744

Pat Saccardo - 0411 060 300

Property History for 423 City Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$1,815,000
12 Nov 2013
Listed for Rent
$1.73k/w
14 Mar 2014
  • 14 Nov 2013
    Listed for Rent - Price not available
  • 12 Nov 2013
    Sold for $1,815,000
  • 23 Aug 2013
    Listed for Sale Not Disclosed
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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 12,940 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 30 properties listed for sale, and 51 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 485 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.