5/56 Smith Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

5/56 Smith Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 18 May 2026
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Property Details for 5/56 Smith St, South Melbourne

5/56 Smith St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Port Phillip

Last Listing description (May 2022)

Are you looking for a natually light filled two bedroom apartment that offers a garage and is conveniently located to the Bay, CBD and the buzz of South Melbourne living? This one is for you.

Easy care apartment offers floorboards throughout, boasts a sun lit open plan living area with split system making it easy to climate control. Easy cooking using stainless steel stove & oven & over head extracton fan.

Two generous sized bedrooms both offering full length built in robes, central bathroom with stand alone shower.

This tenancy also offers use of washing machine within the apartment as well as a communal laundry being available.

Other features include: Security entrance with intercom system AND BEST OF ALL, TWO WEEK'S FREE RENT.

Ideally located within a short distance to St Vincent Gardens, Albert Park Lake, Tram, Citylink via Montague Street or Kings Way, South Melbourne Market as well as Bay Street and Clarendon Street shopping strips.

FOR PRIVATE INSPECTION, PLEASE CONTACT LINDA EVANS: lindae@dixonkestles.com.au or 03)9695 7732
***In accordance with Victorian Government requirements, open for inspections are permitted for fully vaccinated attendees only. You must register prior to attending by clicking the "Request an Inspection" button and present proof of vaccination upon check-in. For prospective renters who are not fully vaccinated, please contact our office on 9690 3488 or email to arrange a private inspection.***
*** IT IS IMPORTANT TO REGISTER TO INSPECT THIS PROPERTY - INSPECTIONS BY PRIVATE APPOINTMENT ONLY ****
By registering your details, you will be informed of any updates, changes, or cancellations for this property. If no one registers for an inspection time, then the inspection may not proceed.

*** IMPORTANT NOTE: HEALTH & SAFETY ***
Dixon Kestles is taking measures to ensure the safety and wellbeing of all clients and staff in line with official public health advice:
* If you are feeling unwell, please do not attend any private inspection appointments
* Social distancing must be practiced when attending any property with our staff

Property History for 5/56 Smith St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Listed for Rent
21 May 2022
  • 25 Jan 2022
    Listed for Rent $390 / week
  • 21 Apr 2020
    Listed for Rent $410 / week
  • 15 Aug 2019
    Listed for Rent $420 / week
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About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of 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 12,856 properties. Over the last 5 years, Houses in South Melbourne have seen a 7.13% increase in median value, while Units have seen a 3.65% increase. As at 30 April 2026:

  • The median value for Houses in South Melbourne is $1,728,942 while the median value for Units is $640,842.
  • Houses have a median rent of $840 while Units have a median rent of $670.
There are currently 35 properties listed for sale, and 32 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 475 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.