703/85 Market St, South Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2017. The property has a land size of 3417m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in March 2018.
Offering a perfect blend of comfort, convenience, and city-fringe lifestyle appeal, this beautifully maintained apartment presents an outstanding opportunity for first-home buyers, professionals, downsizers, and investors alike. Occupying a desirable corner position within the sought-after Teri Complex, the north-facing residence enjoys an abundance of natural light, impressive CBD skyline views, and a thoughtfully designed layout that makes everyday living effortless. Positioned on one of the building's premium owner-occupier levels, it also benefits from enhanced acoustic insulation and quality finishes throughout. Step inside to discover a welcoming open plan living and dining area enhanced by timber flooring and floor-to-ceiling windows that draw in natural light throughout the day. The space extends seamlessly to an enclosed balcony featuring adjustable louvres, creating a versatile area that can be enjoyed year-round while taking in the city outlook. Whether used as a second living zone, home office, reading retreat, or entertaining space, it adds valuable flexibility to the home's layout. The well-appointed kitchen combines practicality and style, featuring quality appliances, ample storage, and generous bench space. Accommodation comprises two well-sized bedrooms fitted with mirrored built-in robes. A contemporary bathroom with a spacious shower and modern finishes services the home, complemented by a separate laundry for added convenience. South Melbourne continues to be one of Melbourne's most desirable lifestyle destinations, renowned for its vibrant village atmosphere and unbeatable convenience. The iconic South Melbourne Market, Clarendon Street shopping and dining precinct, supermarkets, cafs, restaurants, bars, trams, and light rail services are all within easy walking distance. Easy access to Melbourne CBD and nearby bayside attractions further highlights the appeal of this exceptional address.
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 12,922 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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