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

427 City Road
South Melbourne VIC 3205

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 203m2
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Property Details for 427 City Rd, South Melbourne

Building Type
Commercial
Land Size
203m2
Local Government
Port Phillip
Lot/Plan
1/TP247020

Last Listing description (February 2023)

Located in the highly sought after South Melbourne Precinct, this property benefits from easy access to some of Melbourne's main road arterials, public transport, South Melbourne Market and only short distance from Melbourne's CBD and the best of all it has great exposure for your business...

Suite a variety of uses (STCA)
Showroom/Office

Abundant natural light
End of trip facility
Separate M/F WC on two levels
Stunning high ceiling
Proper Kitchen with 2 break out areas.
Flexible terms
Inspection is a must!!!!
.

Property History for 427 City Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Transferred
02 Sep 2016
Listed for Rent
21 Feb 2023
  • 10 May 2022
    Listed for Rent - Price not available
  • 25 Sep 2019
    Listed for Rent - Price not available
  • 02 Sep 2016
    Transferred
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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.
There are currently 34 properties listed for sale, and 34 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 469 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.