514 City Road, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

514 City Road
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 109m2
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Last updated 6 Jul 2026
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Property Details for 514 City Rd, South Melbourne

514 City Rd, South Melbourne is a 3 bedroom, 1 bathroom Townhouse. The property has a land size of 109m2. While the property is not currently for sale or for rent, it was last sold in December 2023.

Building Type
Townhouse
Land Size
109m2
Local Government
Port Phillip
Lot/Plan
4/LP8265

Last Listing description (June 2026)

PLEASE NOTE THAT THIS PROPERTY IS UNFURNISHED

Positioned in one of South Melbournes most connected pockets, this beautifully renovated townhouse delivers stylish inner-city living with unbeatable access to the CBD, Southbank and the iconic South Melbourne Market precinct.

Designed for effortless living, the home showcases brand-new interiors throughout, combining modern finishes with timeless touches including elegant plantation shutters and a private rear courtyard ideal for entertaining or unwinding outdoors.

The flexible floorplan offers three well-proportioned bedrooms, a spacious central bathroom, light-filled living and dining zones, and a sleek contemporary kitchen with quality appliances and excellent storage. An off-street car space adds further convenience in this highly sought-after lifestyle location.

Perfectly placed moments from cafes, restaurants, public transport, Crown Entertainment Complex, riverside walking trails and the very best of Melbourne living.

Welcome home.

Property History for 514 City Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$900,000
11 Dec 2023
  • 22 May 2026
    Listed for Rent $895 / week
  • 11 Dec 2023
    Sold for $900,000
  • 16 Jul 1981
    Sold for $49,000
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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 12,874 properties. Over the last 5 years, Houses in South Melbourne have seen a -2.61% decrease in median value, while Units have seen a 1.68% increase. As at 30 June 2026:

  • The median value for Houses in South Melbourne is $1,689,377 while the median value for Units is $624,560.
  • Houses have a median rent of $825 while Units have a median rent of $675.
There are currently 34 properties listed for sale, and 32 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 481 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.