509/338 Kings Way, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
 
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509/338 Kings Way
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
Land area: 1415m2
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Property Details for 509/338 Kings Way, South Melbourne

509/338 Kings Way, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 1415m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
Unit
Year Built
2013
Floor Size
57m2
Land Size
1415m2
Local Government
Port Phillip
Lot/Plan
509/PS646650

Last Listing description (May 2024)

On the cusp of Albert Park Lake and capturing views of the city, this stylish and modern 5th floor apartment offers a bright open-plan living area with floor to ceiling windows and polished timber floors that flows beautifully out to the balcony which boasts a northern orientation.

The kitchen space features a designer fit-out of Caesar stone surfaces with glass splash back, stainless-steel appliances, a drawer dishwasher and Euro laundry. The apartment further includes two sizeable bedrooms (both with mirrored built-in robes and main with CBD views), a large classy central bathroom with floor-to-ceiling tiles, central heating/cooling, video intercom entry, and a secure basement car space plus separate storage cage.


You truly have the best of Melbourne at your fingertips with unparalleled access to the CBD, Albert Park Lake, MSAC, and cosmopolitan Clarendon St, South Melbourne Market, Botanic Gardens, Arts Precinct, St Kilda Rd and public transport.

Here's your opportunity to purchase an affordable yet luxurious apartment with northerly aspects facing the city!

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Property History for 509/338 Kings Way, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$497,500
01 May 2024
Listed for Rent
$490/w
12 Jan 2016
  • 01 May 2024
    Sold for $497,500
  • 03 Apr 2024
    Listed for Sale $480,000 - $520,000
  • 16 Aug 2018
    Sold for $475,000
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About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of 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 12,872 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.82% increase in median value, while Units have seen a 6.26% increase. As at 30 November 2025:

  • The median value for Houses in South Melbourne is $1,744,641 while the median value for Units is $633,273.
  • Houses have a median rent of $725 while Units have a median rent of $650.
There are currently 33 properties listed for sale, and 39 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 496 properties were sold in the past 12 months in South melbourne.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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