510/85 Market StreetSouth Melbourne VIC 3205
Property Details for 510/85 Market St, South Melbourne
510/85 Market St, South Melbourne is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 2 bedroom Apartment sold in South Melbourne in the last 12 months.
Last Listing description (October 2025)
Perfectly positioned between the iconic South Melbourne Market and the vibrant energy of Clarendon Street, this stylish fifth-floor apartment delivers a lifestyle of unmatched convenience and sophistication. Surrounded by trendy cafés, renowned restaurants, boutique shopping, and effortless tram access, you'll enjoy the best of inner-city living while being part of a welcoming, community-focused neighbourhood.
Weekend leisure is never far away-stroll to the Royal Botanic Gardens, Melbourne's premier sporting arenas, or simply soak up the atmosphere at the bustling market just steps from your door. Inside, the thoughtfully designed two-bedroom residence showcases light-filled open-plan living and dining, framed by expansive windows with outlooks across South Melbourne. The gourmet kitchen is a chef's delight, featuring stone benchtops, a waterfall island breakfast bar, soft-close cabinetry, and premium Smeg and Bosch appliances.
Sliding doors extend the living space to a generous undercover balcony with sweeping city views-perfect for entertaining or unwinding. Both bedrooms include built-in robes, serviced by a stylish central bathroom with modern finishes. A discreet European laundry adds further practicality.
Additional highlights include:
• Engineered timber floors throughout
• Double glazing for comfort and quiet
• Video intercom entry
• Secure lift access and welcoming lobby
• Basement car space with over-the-bonnet storage
Located within the acclaimed 'Teri' development, this is low-maintenance luxury living in an unbeatable position-ideal for professionals, investors, or lifestyle-focused buyers alike.
Distances:
75m to South Melbourne Shopping Centre
400m to South Melbourne Market
500m to Clarendon Street Shopping Precinct
750m to Crown Casino
Whether it's your first home or a blue-chip investment, this opportunity is not to be missed.
Contact Taylor Sims on 0403 485 210 for further details.
Property History for 510/85 Market St, South Melbourne, VIC 3205
- 25 Sep 2025Sold for $500,000
- 05 Sep 2025Listed for Sale $500,000 - $550,000
- 25 May 2024Sold for $539,000
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 13,072 properties. Over the last 5 years, Houses in South Melbourne have seen a -5.62% decrease in median value, while Units have seen a 2.09% increase. As at 31 August 2026:
- The median value for Houses in South Melbourne is $1,687,888 while the median value for Units is $636,972.
- Houses have a median rent of $825 while Units have a median rent of $680.
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