502/67-71 Stead St, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1995. The property has a land size of 697m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 1 bedroom Unit sold in South Melbourne in the last 12 months.
Located in a central parkland location on a quiet street in a well maintained building this apartment ticks all the boxes. Ideal as a city home and/or easy to rent out. Located on the 5th Floor this light-filled 1 Bedroom apartment with double balcony and views of Albert Park Lake and city will impress. Discover the perfect blend of city convenience and serene parkland living. Ideally situated close to Albert Park Lake, the Botanical Gardens and Beach and with great transport, shopping and restaurants nearby. The apartment features a spacious living and kitchen area, with great light, and a warm and inviting atmosphere. Step out onto the double balcony to enjoy panoramic views of the city skyline and the picturesque lakeideal for relaxing or entertaining guests. The apartment also includes a modern bathroom, and the convenience of a private laundry within the unit. Security is paramount with a dedicated basement car park, ensuring peace of mind for residents. Embrace an active lifestyle with nearby parks and facilities, including the renowned MSAC and Lakeside Stadium, while indulging in the best coffee shops and eateries of Clarendon St, plus the famous South Melbourne Market just a short walk away. This property perfectly balances the vibrancy of urban living with the tranquility of parkland, offering a unique and desirable lifestyle. Dont miss your chance to experience this sun-filled, spacious apartment that epitomizes comfort and convenience.
The apartment is also a great investment with a 6% yield.
Weekly Rental $ 450 PWK.
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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