5/287 Bank Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

5/287 Bank Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 120m2
Land area: 1071m2
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Property Details for 5/287 Bank St, South Melbourne

5/287 Bank St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1920. The property has a land size of 1071m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in May 2014.

Building Type
Unit
Year Built
1920
Floor Size
120m2
Land Size
1071m2
Local Government
Port Phillip
Lot/Plan
25/PS412379

Last Listing description (June 2021)

Set back from the street behind the beautifully preserved facade of the former Mylund Press building, this 2-bedroom warehouse conversion apartment is a low-maintenance executive dream blending a unique split-level layout and versatile free-flowing interiors with a brilliant location moments to a multitude of lifestyle attractions. With timber floors and solid brick walls throughout, a central stainless-steel kitchen/meals (black granite benchtops, dishwasher & island/breakfast bar) services the generous dining space and comfortable lounge area, the latter featuring French doors opening to a leafy courtyard in private and peaceful surrounds. Upstairs, both of the double bedrooms have built-in robes and are accompanied by a bathroom featuring a shower recess, a separate bathtub, a Euro laundry and a funky deco-style glass-brick wall. Complete with a heating/cooling unit in the living areas and secure off-street parking via remote control gate entry, its proximity to local cafes, South Melbourne Market, Albert Park Lake, bayside beaches, Clarendon St and city-bound public transport ensures you will never be left wanting for any of life's finer delights.

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Property History for 5/287 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$775,000
27 May 2014
Listed for Rent
$650/w
30 Jun 2021
  • 10 Jun 2021
    Listed for Rent $650 / week
  • 11 Jun 2014
    Listed for Sale Not Disclosed
  • 27 May 2014
    Sold for $775,000
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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 12,937 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 49 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 481 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.