701/97 Palmerston Cres, South Melbourne is a 2 bedroom, 2 bathroom Unit with 5 parking spaces and was built in 2015. The property has a land size of 847m2. While the property is not currently for sale or for rent, it was last sold in June 2020.
Expressions of Interest close Monday 15th June at 5pm - Unless Sold Prior.
Revealing the most extraordinary views of its inner-urban surrounds and the city skyline - both from its impressive interior and from its extraordinarily privileged, exclusive, rooftop entertaining zone - this remarkable two bedroom penthouse apartment instantly announces itself as a truly unique lifestyle proposition. Sitting proudly at the very pinnacle of the highly sought-after 'Orbis' building, within metres of both Clarendon St and Albert Park Lake, the home allows you to immerse yourself in the very best of South Melbourne and Albert Park, then return home to a residence with an incredible 5 parking spaces, 4 storage cages and exclusive access to the rooftop for unforgettable home entertaining. An open-plan living area in which its largely undercover, north-facing balcony and spectacular city views are the unashamed highlights, also showcases a Miele-equipped kitchen with a convection cooktop, stone benchtops, soft close cabinetry and a concealed Fisher & Paykel dish-drawer, all of which cater to gourmet cooking. Then, of course, you can step outside to privately access the extraordinary proportions of the rooftop with a built-in BBQ. Meanwhile, each of the bedrooms is distinguished by vaulted ceilings and huge built-in robes - the master with a vogue ensuite that is themed to the home's central bathroom - and there is a European laundry as well as central heating and cooling. Distinguished by an authentically urban and edgy façade, the building also offers the secure peace-of-mind of video entry, basement parking, 4 storage units and a fob accessed elevator. Wander easily to a terrific range of cafes, fine dining and bars, as well as Albert Park Lake, MSAC and the fresh produce of South Melbourne Market, plus you have trams nearby that can have you in the CBD or Southbank in just a handful of minutes.
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:
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