701/338 Kings Way, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

701/338 Kings Way
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 57m2
Land area: 1415m2
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Last updated 13 Jul 2026
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Property Details for 701/338 Kings Way, South Melbourne

701/338 Kings Way, South Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2013. The property has a land size of 1415m2 and floor size of 57m2.

Building Type
Unit
Year Built
2013
Floor Size
57m2
Land Size
1415m2
Local Government
Port Phillip
Lot/Plan
701/PS646650

Last Listing description (June 2026)

Enjoy stylish inner-city living in this beautifully presented two-bedroom apartment, ideally positioned close to parks, public transport, and the CBD.

The apartment features two spacious bedrooms with built-in robes, including a generous main bedroom with mirrored wardrobes. A bright open-plan living captures lovely views and is complemented by a sleek kitchen fitted with:

Stone island benchtops

Mirrored splashback
High-gloss 2PAC cabinetry
Integrated fridge and freezer
Stainless steel appliances including gas cooktop, oven, and dishwasher

The modern bathroom and separate powder room are finished with quality stone surfaces and mirrored cabinetry, while the European-style laundry includes a washer/dryer for added convenience.

Additional features include:

Reverse-cycle heating and cooling
LED downlights
NBN connectivity
Secure remote-access car space
Storage cage

Perfectly located near Albert Park Lake and the Royal Botanic Gardens Victoria, with easy access to public transport, St Kilda Road, and Melbourne CBD, this apartment offers the ideal combination of comfort, convenience, and lifestyle.

You MUST register for an inspection, and we ask that you also confirm your attendance. AN AGENT MAY NOT BE PRESENT IF YOU DO NOT REGISTER and CONFIRM. Arranging an inspection is easy! To book an inspection please click on the 'Book/request an inspection' button OR 'Get in touch' to email the listing agent. By registering your details, you will be INSTANTLY informed of any updates, changes, or cancellations to inspection times.

Property History for 701/338 Kings Way, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Listed for Rent
$515/w
31 May 2019
  • 18 May 2026
    Listed for Rent $620 / week
  • 23 May 2019
    Listed for Rent - Price not available
  • 12 Dec 2015
    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. 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.
There are currently 34 properties listed for sale, and 34 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 469 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.