516/338 Kings WaySouth Melbourne VIC 3205
Property Details for 516/338 Kings Way, South Melbourne
516/338 Kings Way, South Melbourne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 1415m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 1 bedroom Apartment sold in South Melbourne in the last 12 months.
Last Listing description (February 2026)
UNFURNISHED - Step into sophisticated urban living in this beautifully appointed 1bedroom apartment located on Level 5 of the Silverleaf building. Featuring timber floors throughout, the kitchen is well-equipped with quality Smeg oven and gas cooktop, stone benchtops, integrated fridge/freezer, and a sleek mirrored splashback combining function with style.
• Chic 1 bedroom apartment featuring timber floors throughout
• Sleek kitchen with stone benches and Smeg appliances
• Balcony bathed in sunlight with views of Southbank
• Secure basement car parking and storage cage
• Steps to Albert Park Lake and the Botanic Gardens
• Close to Clarendon Street's vibrant cafes, bars, and restaurants
• Just a tram ride from the heart of St Kilda and CBD
The contemporary bathroom includes a European laundry, offering practical convenience. The spacious balcony, bathed in afternoon sun, offers views across to Southbank's glittering skyline, ideal spot for relaxing or entertaining.
Secure undercover parking completes this urban retreat. Just a short stroll from Albert Park Lake and Botanic Gardens, with the bustling cafes, bars, and restaurants of Clarendon Street only moments away. A tram ride connects you easily to the vibrant scenes of St Kilda and Melbourne's CBD.
This is your gateway to a lifestyle where city sophistication meets tranquil urban green spaces and convenience.
Property History for 516/338 Kings Way, South Melbourne, VIC 3205
- 04 Mar 2026Listed for Rent $575 / week
- 28 Jan 2026Sold for $330,000
- 27 Nov 2025Listed for Sale $315,000 to $345,000
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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 12,921 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.
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