705/39 Park Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
FOR RENT

705/39 Park Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 1258m2
This property is currently on the market
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Property Details for 705/39 Park St, South Melbourne

705/39 Park St, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 1258m2.This Property is currently listed for rent with Ray White Williamstown

Building Type
Unit
Land Size
1258m2
Local Government
Port Phillip
Lot/Plan
705/PS818660

Last Listing description (July 2026)

"Park Avenue", modern in style, this building and residence offers true "New York" park style living and luxury.

Location, location - situated walking distance to Albert Park Lake and Royal Botanic Gardens, tram stop at your front door which leads you to Melbourne Zoo, Queen Victoria Market, Crown Entertainment Complex, Shrine of Remembrance and Toorak Road shopping.

The luxurious apartment and interior features:

- West facing sunlit lounge / dining space, perfectly proportioned with timber flooring and split system for comfort
- Main queen sized bedroom with ensuite, capitulates the views with its own balcony
- Second bedroom with also BIR's and own split system
- Kitchen space, with Smeg appliances, stone bench tops and plenty of storage space
- Main bathroom with quality fixtures and fittings
- Fully equipped gym, oversized spa pool, Swedish sauna, residents lounge and main entry concierge
- Euro laundry and additional storage cupboard
- Double glazed windows for convenience and quiet comfort
- Included with the apartment is a garage car space (car stacker) for one car and storage cage.

The epitome of elegance and inner Melbourne living, the development fronting Park Street features 132 apartments over the tower section with a 5 story podium and 2 large retail spaces at the front.

Property History for 705/39 Park St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$648,000
07 Feb 2020
Listed for Rent
$740/w
29 Jun 2026
  • 29 Jun 2026
    Listed for Rent $740 / week
  • 24 Jul 2023
    Listed for Rent $650 / week
  • 19 Apr 2022
    Listed for Rent $560 / week
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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 12,923 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 35 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 471 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.