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

538 City Road
South Melbourne VIC 3205

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 120m2
Land area: 190m2
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Property Details for 538 City Rd, South Melbourne

Building Type
Commercial
Floor Size
120m2
Land Size
190m2
Local Government
Port Phillip
Lot/Plan
1/RP18126

Last Listing description (October 2023)

538 City Road, South Melbourne VIC 3205

Freehold two (2) storey building comprising office and showroom on the ground floor and residence above

215sqm* zoned landholding Capital City Zone 1 - ideal for mixed use development

Convenient rear car park on title accommodating three (3) cars

Offered with vacant possession and provides accommodation for retail/office/residential uses

Situated within the highly evolving Montague precinct will consist of substantial future mixed use development in the future

Direct access to Melbourne CBD, Westgate Freeway and Southbank, Clarendon Street and Bay Street retail precincts

For more information or to arrange an inspection, please contact the exclusive sales and marketing agents below:

Paul Tzamalis
+61 433 880 110

Ed Wright
+61 421 213 021

Tim Last
+61 437 070 300

Property History for 538 City Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$740,000
10 Jun 2014
Listed for Rent
$747/w
30 Apr 2018
  • 18 Jan 2018
    Listed for Rent $39,000 / year
  • 19 Jul 2017
    Listed for Rent - Price not available
  • 08 Feb 2016
    Listed for Sale Contact Agent
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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 12,851 properties. Over the last 5 years, Houses in South Melbourne have seen a 1.10% increase in median value, while Units have seen a 3.74% increase. As at 31 May 2026:

  • The median value for Houses in South Melbourne is $1,736,032 while the median value for Units is $635,102.
  • Houses have a median rent of $825 while Units have a median rent of $675.
There are currently 29 properties listed for sale, and 39 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.