503/39 Park Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

503/39 Park Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 90m2
Land area: 1258m2
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Property Details for 503/39 Park St, South Melbourne

503/39 Park St, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1988. The property has a land size of 1258m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in January 2020.

Building Type
Unit
Year Built
1988
Floor Size
90m2
Land Size
1258m2
Local Government
Port Phillip
Lot/Plan
503/PS818660

Last Listing description (March 2025)

Brand-new 2-bedroom & 2 bathroom apartment with floorboards

This fabulous 2-bedroom apartment on the 5th floor of the Park Ave building is in a fantastic location, a quiet spot amongst the hustle and bustle of South Melbourne. Walk by the Albert Park Lake, take a fresh swim at Melbourne Aquatic Centre or find yourself on a short tram ride to the beach, just moments from your doorstep!

Accommodation includes:

- Comprising open plan living and dining area with floor-to-ceiling windows, air conditioning, and direct access to the large private balcony.
- Modern kitchen with gas cooking, dishwasher and stainless steel Smeg appliances.
- Master bedroom with mirrored built-in robes, air conditioning and direct access to the ensuite.
- Second bedroom has good size, with mirrored built-in robes, and air conditioning.
- Central bathroom with concealed laundry area.
- Take in the views from your own private balcony.

Building facilities include:
* Split system heating/cooling in the living/dining area and 2 bedrooms
* Bike storage
* Gym and pool
* Guest lounge and wine cellar
* Concierge service
* Sauna & Massage Area

Set in a blue-chip location close to St Kilda Road, Albert Park Lake and the Royal Botanic Gardens, with Tram stop 58 on your doorstep, Flinders St Station and Federation Square (1.8km), South Melbourne Market (1.5km), Royal Botanical Gardens (1.4km), Coles supermarket (1km) and easy access to the CBD.

*Please note this building has an embedded network for one or more utility supplies.
For further information please speak to your Property Consultant.

Property History for 503/39 Park St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$546,000
24 Jan 2020
Listed for Rent
$650/w
22 Feb 2024
  • 29 Jan 2024
    Listed for Rent $650 / week
  • 24 Jan 2020
    Sold for $546,000
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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 12,875 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 34 properties listed for sale, and 36 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 478 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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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.