505/28 Bank Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

505/28 Bank Street
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 99m2
Land area: 3774m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 13 Jul 2026
Low

High
Save

Property Details for 505/28 Bank St, South Melbourne

505/28 Bank St, South Melbourne is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 3774m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in October 2024.

Building Type
Unit
Year Built
2000
Floor Size
99m2
Land Size
3774m2
Local Government
Port Phillip
Lot/Plan
505/PS429423

Last Listing description (March 2025)

A fresh celebration of wide-reaching space, this captivating 3 bedroom, 2 bathroom apartment stretches out in a commanding corner position on the 5th floor of the highly prized Parkside complex. Head downstairs to a peaceful neighbourhood with convenience at its core. Take an easy walk to South Melbourne Market, the arts precinct, St Kilda Road trams, Asian grocers, a boutique supermarket, the Royal Botanic Gardens, mouth-watering eateries across the road, and the upcoming Anzac Railway Station.

Freshly painted with brand-new floorboards underfoot, spacious open-plan living and dining is complemented by a chef-ready kitchen boasting a breakfast bar and a dishwasher. Slide open floor-to-ceiling glass and the panoramic view from an undercover balcony sweeps across treetops and rooftops. Alfresco entertaining is all set to become your default position! The generously sized trio of bedrooms are newly carpeted, naturally lit and serviced by mirrored built-in robes and a fully tiled bathroom with a shower over a bathtub, while the main bedroom comes complete with a private ensuite.

Additional features include secure car parking, a Euro-style laundry with a wall-mounted dryer, split-system heating and cooling, new roller blinds, recessed down-lighting, video intercom entry, and resort-grade use of an indoor lap pool, a fully fitted gym, tennis court and a BBQ terrace. Inspect with certainty!

Council Rates: $378.00 per quarter approx.
Water Rates: $173.00 per quarter approx.
Owners Corporation Fees: $2,306.00 per quarter approx.

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 505/28 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$775,000
19 Oct 2024
Listed for Rent
$953/w
11 Feb 2025
  • 31 Jan 2025
    Listed for Rent $953 / week
  • 19 Oct 2024
    Sold for $775,000
  • 21 Aug 2024
    Listed for Sale $775,000
Sign in to see more transactions
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 12,921 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.
There are currently 33 properties listed for sale, and 34 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 464 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.