502/240-242 Dorcas Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

502/240-242 Dorcas Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 668m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 22 Jun 2026
Low

High
Save

Property Details for 502/240-242 Dorcas St, South Melbourne

502/240-242 Dorcas St, South Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2019. The property has a land size of 668m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
Unit
Year Built
2019
Land Size
668m2
Local Government
Port Phillip
Lot/Plan
502/PS738339

Last Listing description (August 2021)

OBVIOUS
In one of South Melbourne's most sought-after locations, this spacious apartment offers a functional floorplan which includes spacious open plan kitchen, meals and lounge area that opens perfectly onto a large private and protected balcony. The bedroom also opens directly to the balcony and has a walk through robe leading to ensuite bathroom. Other features include spilt system, secure entry with intercom and a storage cage located on level 5.

SEALS THE DEAL

In the heart of South Melbourne located only 120 metres from Route 12 Tram, 260 metres from the South Melbourne Market, 1.2 kilometres from Albert Park Lake and 1.5 kilometres from Royal Botanic Gardens.

*Please note that this property is currently under application. This means that a tenancy has been offered or an agreement has been signed but pending fund clearance. At this time we will not be accepting further applications on the property but please submit an enquiry if you wish to be contacted should this application not proceed.*

*Please note that under the current Victorian Government COVID-19 restrictions effective from 11:59PM on 27th July 2021, all real estate inspections must be by private appointment with only with a maximum of 10 attendees permitted at any given time.

To register your interest for a private inspection, please submit an email enquiry to the listing agent and you will receive an email with available appointment times. All attendees must pre-register for the inspection. WHITEFOX Real Estate Pty Ltd will refuse entry to any party who has not pre-registered for the inspection.

Please see the below terms of entry to all WHITEFOX Real Estate Pty Ltd property inspections:
- All attendees must pre-register via email enquiry prior to attending a private inspection.
- All attendees must check into the property inspection using the Victorian Government QR Code System.
- All attendees must be wearing a face mask at all times.
- All attendees should maintain a social distance of 1.5 metres from other attendees where possible.
- All attendees must comply with reasonable directions of the attending agent.
- All attendees must inspect the property for no longer than 15 minutes.

If you would like to apply for the property, please submit an email enquiry to the listing agent and you will receive a link to complete your Online Tenancy Application.

If you have any questions regarding the COVID Safe practices of WHITEFOX Real Estate Pty Ltd, please contact Zac Muller, Head of Department for Property Management on 0497 888 262.

Property History for 502/240-242 Dorcas St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$470,000
31 May 2022
Listed for Rent
$400/w
04 Aug 2021
  • 31 May 2022
    Sold for $470,000
  • 29 Jul 2021
    Listed for Rent - Price not available
  • 12 Dec 2016
    Sold for $470,000
Commute Calculator

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 12,875 properties. Over the last 5 years, Houses in South Melbourne have seen a 1.10% increase in median value, while Units have seen a 3.74% increase. As at 31 May 2026:

  • The median value for Houses in South Melbourne is $1,736,032 while the median value for Units is $635,102.
  • Houses have a median rent of $825 while Units have a median rent of $675.
There are currently 33 properties listed for sale, and 37 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 484 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

Market Insights
South Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.