507/75 Palmerston CrescentSouth Melbourne VIC 3205
Property Details for 507/75 Palmerston Cres, South Melbourne
507/75 Palmerston Cres, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2018. The property has a land size of 811m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in February 2025.
Last Listing description (June 2025)
Discover urban living at its finest in the heart of South Melbourne with this stylish 1-bedroom apartment. Offering the perfect blend of comfort, convenience, and contemporary design, this property is ideal for first-time buyers, savvy investors, or anyone seeking a chic city lifestyle.
The generously sized bedroom features built-in wardrobes, providing ample storage and a serene retreat. The sleek, well-appointed bathroom is designed with quality fixtures and fittings, offering both functionality and style. The open-plan living and dining area is bright and airy, creating an inviting space to relax or entertain. The modern kitchen is equipped with stainless steel appliances, ample bench space, and storage, perfect for cooking up a storm.
Enjoy the convenience of a dedicated car stacker, ensuring your vehicle is secure and easily accessible. With clean lines, neutral tones, and quality finishes throughout, this apartment exudes contemporary elegance.
Situated in the vibrant South Melbourne neighborhood, youll have cafes, restaurants, shopping, and public transport right at your doorstep. The iconic South Melbourne Market is just a short stroll away. Enjoy easy access to Albert Park, St Kilda Road trams, and the Melbourne Sports and Aquatic Centre (MSAC), enhancing your urban lifestyle.
Financial details include quarterly Owners Corporation (OC) fees of $862.31, quarterly water rates of $166, and quarterly council rates of $190.
This prime location allows you to enjoy the best of Melbourne living with easy access to the CBD, parks, and beaches. With everything you need within reach, from trendy cafes to essential services, this apartment offers excellent rental yield potential and a desirable lifestyle.
Dont miss out on this fantastic opportunity to own a piece of South Melbourne. Contact us today to arrange a private inspection and see for yourself what makes this apartment so special!
Property History for 507/75 Palmerston Cres, South Melbourne, VIC 3205
- 06 Feb 2025Sold for $370,000
- 23 Jul 2024Listed for Sale UNDER CONTRACT
- 15 Dec 2023Listed for Rent $490 / week
Recent sales nearby
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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 13,154 properties. Over the last 5 years, Houses in South Melbourne have seen a -4.88% decrease in median value, while Units have seen a -0.82% decrease. As at 31 July 2026:
- The median value for Houses in South Melbourne is $1,699,133 while the median value for Units is $613,169.
- Houses have a median rent of $850 while Units have a median rent of $675.
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