448 City RoadSouth Melbourne VIC 3205
Property Details for 448 City Rd, South Melbourne
Last Listing description (May 2021)
Prominently positioned just minutes away from Melbourne's CBD overlooking one of South Melbourne's most heavily trafficked intersections of City Road and Ferrars Street, the property provides a range of uses as either an office/showroom or residence. Can be leased as whole or part
Property highlights include:
Occupying a prime 133sqm* main road frontage, underpinned by favourable Capital City Zoning
Situated within 3 km to Melbourne CBD, 2 km to Port Phillip Bay and a short walk to Crown Casino
Property in excellent condition both externally and internally
Genuine potential for multiple tenancies with separate entry to first floor (eg. showroom on ground floor and office/residence above)
2 onsite carparks at rear
Multiple bathrooms, shower, full kitchen, euro laundry.
500 metres to South Melbourne market, 200 metres to light rail stop
Property History for 448 City Rd, South Melbourne, VIC 3205
- 26 Aug 2020Sold for $3,520,000
- 11 Aug 2020Sold for $1,650,000
- 24 Feb 2020Listed for Sale Contact Agent
Recent sales nearby
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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.
Suburb Insights for South Melbourne 3205
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