512/28 Bank Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
 
OFF MARKET

512/28 Bank Street
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 56m2
Land area: 3774m2
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Last updated 8 Dec 2025
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Property Details for 512/28 Bank St, South Melbourne

512/28 Bank St, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 3774m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
2000
Floor Size
56m2
Land Size
3774m2
Local Government
Port Phillip
Lot/Plan
512/PS429423

Last Listing description (May 2023)

A spacious example of inspired South Melbourne living, this captivating 1 bedroom apartment stretches out in glorious northern sunlight with a skyline aspect of pure perfection. Venture downstairs and walk to the Royal Botanic Gardens, St Kilda Road trams, Clarendon Street, the Arts Precinct, South Melbourne Market and a selection of neighbouring cafes and restaurants.

Boasting ample storage and preparation space, a sparkling kitchen is graced with stainless-steel appliances and a handy breakfast bar for casual meal times. A vast open-plan living and dining area enjoys a soaring Southbank outlook with the iconic Eureka Tower and Australia 108 forming a dramatic centrepiece. Sharing the same spectacular view, a north-facing balcony offers an opportunity to entertain in style on the 5th floor of the popular Parkside residential complex. The generously sized bedroom is framed by floor-to-ceiling glass and substantially serviced by mirrored built-in robes and a fully tiled bathroom with a shower over a bath.


Additional features include secure undercover parking, a concealed laundry, split-system heating and cooling, and slimline Venetian blinds. Parkside comes complete with intercom entry, lift access and premium resort-style facilities including an indoor pool, tennis court, a fully equipped gym and a BBQ terrace. Take charge and make your move into a serene South Melbourne pocket today!

Outgoings:
Council Rates: $236.00 per quarter approx.
Water Rates: $170.00 per quarter approx.
Owners Corporation Fees: $932.00 per quarter approx.

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

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Property History for 512/28 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$437,000
24 May 2023
Listed for Rent
$370/w
09 Mar 2022
  • 24 May 2023
    Sold for $437,000
  • 11 May 2023
    Listed for Sale $437,000
  • 25 Feb 2022
    Listed for Rent - Price not available
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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 12,873 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 38 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 499 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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