507/99 Palmerston CrescentSouth Melbourne VIC 3205
Property Details for 507/99 Palmerston Cres, South Melbourne
507/99 Palmerston Cres, South Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2015. The property has a land size of 847m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Last Listing description (November 2022)
In the highly sought-after Momentum residential complex, this luxury one bedroom apartment is a low-maintenance and stylish offering right on the edge of the city, which cuts a striking figure from the street thanks to its unique external design.
Whether you decide to live here or invest, you'll love all the highlights of this well-appointed residence. You'll enjoy premium real timber floors and fresh carpet, a relaxed living and dining zone, stone kitchen with ample elegant cabinetry and stainless steel Miele appliances including an induction cooktop while being freshly painted throughout. To complement this is a large undercover balcony with a vista of South Melbourne rooftops, bedroom with BIR, a timeless european laundry, and split system heating and cooling. There is also a storage cage on lease to the apartment at no added cost!
Some of the building features include secure intercom entry, NBN accessibility, and an on-site building manager. Nearby you can find Albert Park Lake, Melbourne Sports and Aquatic Centre, the Clarendon Street shops and restaurants and the Royal Botanical Gardens.
Property History for 507/99 Palmerston Cres, South Melbourne, VIC 3205
- 08 Nov 2022Sold for $350,000
- 18 Aug 2022Listed for Sale $360,000 - $395,000
- 14 Mar 2012Sold for $385,000
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 12,938 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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