501/201 Ferrars St, South Melbourne is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2022. While the property is not currently for sale or for rent, it was last sold in February 2025. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.
Commanding sensational city and bay views at the top of an award-winning and environmentally sustainable building designed by Six Degrees, this spectacular two-level penthouse residences sophisticated, sun-drenched and spacious dimensions deliver an unbeatable city edge lifestyle unrivaled in the development.
Recycled timber floors add rustic appeal to the expansive open plan living and dining room where soaring cathedral ceilings accentuate the sense of space and light and a sleek gourmet kitchen caters to any culinary challenge with its V-Zug combi-steam oven, stone benches, integrated fridge/freezer, Vintec bar fridge and walk in pantry. A Binq Tilt window and doors open the living to a large northeast facing terrace with outdoor heater, ideal for al fresco dining while enjoying the wonderful views. On the lower level also offering fabulous views, the generous main bedroom with dressing room and designer en suite complements a second double bedroom with robes and a stylish bathroom.
Only a short stroll to South Melbourne Market, the light rail, the CBD, a host of restaurants and shops and schools, it includes video intercom, zoned RC/air-conditioning, double glazing, laundry, storage cage, bike storage and 2 car-spaces with EV chargers. Internal living 143sqm (approx.)
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 12,877 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.82% increase in median value, while Units have seen a 6.26% increase. As at 30 November 2025:
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