502/85 Market StreetSouth Melbourne VIC 3205
Property Details for 502/85 Market St, South Melbourne
502/85 Market St, South Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2017. The property has a land size of 3417m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (July 2024)
Indulge in this immaculate north-facing, contemporary designer apartment situated in one of Melbourne's most desirable locations.
The bright stunning residence features timber floors, a generous living area, split system heating/cooling, and a state-of-the-art kitchen equipped with stone bench-tops, mirrored splashbacks and top-of-the-line Smeg appliances, including an integrated dishwasher and gas-cooking facilities. The open-plan living area seamlessly flows onto an oversized balcony that runs the width of the apartment, perfect for entertaining, morning coffees and weekend brunches. The bedroom offers ample storage space with mirrored built-in robes, direct balcony access and city views and is serviced by a spacious and glistening bathroom. A cleverly designed euro laundry and study nook makes for smart living and the use of space when working from home.
Located within the stylish Teri complex, renowned for its grand proportions and rich history as a former Post Office. The building features secure intercom access, two lifts for easy use from the lobby and a secure basement storage cage for convenience. Additionally, residents can enjoy the communal BBQs and alfresco area on the seventh floor, which offers spectacular views of the CBD.
This exceptional property is ideally situated just minutes away from the iconic South Melbourne Market, supermarkets, and various tram and light rail options. Charming cafes, delightful restaurants, pubs, and bars are all within a short walking distance, providing an array of dining and entertainment choices.
Property History for 502/85 Market St, South Melbourne, VIC 3205
- 16 Jun 2024Listed for Rent $500 / week
- 14 Oct 2023Sold for $410,000
- 11 Sep 2023Listed for Sale Private Sale: $415,000
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0About 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 12,922 properties. Over the last 5 years, Houses in South Melbourne have seen a -2.61% decrease in median value, while Units have seen a 1.68% increase. As at 30 June 2026:
- The median value for Houses in South Melbourne is $1,689,377 while the median value for Units is $624,560.
- Houses have a median rent of $825 while Units have a median rent of $675.
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