705/97 Palmerston Crescent, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

705/97 Palmerston Crescent
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 847m2
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Property Details for 705/97 Palmerston Cres, South Melbourne

705/97 Palmerston Cres, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015. The property has a land size of 847m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in July 2024.

Building Type
Unit
Year Built
2015
Floor Size
54m2
Land Size
847m2
Local Government
Port Phillip
Lot/Plan
1705/PS701488

Last Listing description (April 2026)

Set within the architect-designed Orbis building, this stylish one-bedroom apartment combines modern convenience with an unbeatable location.

Step inside to a light-filled open-plan living and dining area flowing onto an impressive 45sqm private terrace perfect for entertaining or enjoying the city skyline and leafy outlooks.

The well-appointed kitchen features quality appliances and stone finishes, while the generous bedroom includes built-in robes and a sleek ensuite bathroom. Additional features include ducted heating and cooling, Euro laundry, video intercom entry, secure undercover parking, and storage cage.

Location Highlights:
- Moments to Albert Park Lake and MSAC
- Stroll to South Melbourne Market, Clarendon Street cafs, and Royal Botanic Gardens
- Easy access to public transport, Port Melbourne Beach, and the Domain precinct

This is low-maintenance city living at its finest the perfect blend of lifestyle and convenience in one of Melbourne's most sought-after pockets.

Please register online for inspection times or contact Richard on 0437 250 964.

Property History for 705/97 Palmerston Cres, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$550,000
24 Jul 2024
Listed for Rent
$665/w
21 Sep 2025
  • 03 Sep 2025
    Listed for Rent $665 / week
  • 24 Jul 2024
    Sold for $550,000
  • 17 Jun 2024
    Listed for Sale Private Sale: $550,000
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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 13,069 properties. Over the last 5 years, Houses in South Melbourne have seen a -5.62% decrease in median value, while Units have seen a 2.09% increase. As at 31 August 2026:

  • The median value for Houses in South Melbourne is $1,687,888 while the median value for Units is $636,972.
  • Houses have a median rent of $825 while Units have a median rent of $680.
There are currently 32 properties listed for sale, and 41 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.