518/85 Market StreetSouth Melbourne VIC 3205
Property Details for 518/85 Market St, South Melbourne
518/85 Market St, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 3417m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.
Last Listing description (April 2026)
Located in the Teri apartment complex built above the heritage Post Office building is this neat two bedroom apartment in the heat of South Melbourne.Featuring;- Two Bedrooms with built in robes- Kitchen with gas stove- Two Bathrooms- One Secure Car Space and storage cage - Huge outdoor private terrace- European laundry Additional features include split system air conditioning, secure intercom access floating floor throughout.The location is simply unbeatable-a stone's throw from the best of the neighbourhood:- South Melbourne Market for fresh produce and gourmet treats.- Moments from Woolworths, Aldi, and the popular shopping and dining of Clarendon Street.- Walk to classic local institutions like The George Hotel.- Multiple public transport options are only minutes away, providing effortless access to the CBD and beyond.- South Melbourne Primary, South Melbourne Park Primary, Port Melbourne Primary, Albert Park Primary, Melbourne Grammar, Port Melbourne Secondary College and Albert Park College all in close proximity.
Property History for 518/85 Market St, South Melbourne, VIC 3205
- 07 Apr 2026Listed for Rent $750 / week
- 04 Dec 2025Listed for Sale Undisclosed
- 04 Dec 2025Sold for $705,000
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0About 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 12,933 properties. Over the last 5 years, Houses in South Melbourne have seen a -4.88% decrease in median value, while Units have seen a -0.82% decrease. As at 31 July 2026:
- The median value for Houses in South Melbourne is $1,699,133 while the median value for Units is $613,169.
- Houses have a median rent of $850 while Units have a median rent of $675.
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