5/56 Smith StreetSouth Melbourne VIC 3205
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. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.
Last Listing description (August 2026)
Perfectly positioned in the heart of South Melbourne, this apartment combines modern style with everyday convenience. Filled with natural light and thoughtfully presented throughout, it offers an effortless lifestyle just moments from the area's renowned cafs, shopping, transport, and South Melbourne Market.Bathed in natural light, the kitchen is thoughtfully laid out for effortless everyday use, offering a highly functional footprint. The island bench seamlessly transitions from preparation area to breakfast bar, dining space or work-from-home station, creating a practical and flexible setting for daily living, with scope to further update over time.Two generously sized bedrooms, each with built-in robes, provide comfortable accommodation with centrally positioned bathroom . Split-system heating and cooling ensure year-round comfort, while a secure lock-up garage adds valuable off-street parking and extra storage.Whether you're a first-home buyer, professional, downsizer, or investor, this move-in-ready apartment presents an exceptional opportunity to secure a low-maintenance home in one of Melbourne's most sought-after inner-city locations.
Property History for 5/56 Smith St, South Melbourne, VIC 3205
- 01 Aug 2026Sold for $512,000
- 09 Jul 2026Listed for Sale Auction: $450,000 - $490,000
- 25 Jan 2022Listed for Rent $390 / week
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 12,931 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.
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