708/41 Bank Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
FOR SALE

708/41 Bank Street
South Melbourne VIC 3205

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1435m2
This property is currently on the market
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Property Details for 708/41 Bank St, South Melbourne

708/41 Bank St, South Melbourne is a 1 bedroom, 1 bathroom Unit. The property has a land size of 1435m2.This Property is currently listed for sale with Biggin Scott Richmond Pty Ltd

Building Type
Unit
Land Size
1435m2
Local Government
Port Phillip
Lot/Plan
708/PS827451

Last Listing description (May 2026)

Welcome to Domain House, one of South Melbournes premier residential addresses. This stylish 1-bedroom apartment offers low-maintenance luxury in a highly sought-after lifestyle location. Featuring a light-filled open-plan design with floor-to-ceiling windows, high-end finishes and a spacious balcony ideal for relaxing or entertaining.

- 1 spacious bedroom

- 1 sparkling bathroom
- European laundry
- Spacious balcony (approx. 8sqm)
- Internal living area: approx. 50sqm
- Owners Corporation fees: approx. $767 per quarter
- Potential Rent: $575 - $625 per week
- Resident facilities include a yoga studio, lounge, outdoor terrace, and communal kitchen and workspace

Positioned moments from the Royal Botanic Gardens, Albert Park Lake, South Melbourne Market, and the popular Domain Road caf precinct. Enjoy excellent connectivity with trams along St Kilda Road and the upcoming Anzac Station providing easy access to the CBD, Arts Precinct, and beyond.

Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.

The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.

Property History for 708/41 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$500,000
10 Jul 2023
  • 21 May 2026
    Listed for Sale Private Sale $425,000-$445,000
  • 10 Jul 2023
    Sold for $500,000
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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 12,856 properties. Over the last 5 years, Houses in South Melbourne have seen a 7.13% increase in median value, while Units have seen a 3.65% increase. As at 30 April 2026:

  • The median value for Houses in South Melbourne is $1,728,942 while the median value for Units is $640,842.
  • Houses have a median rent of $840 while Units have a median rent of $670.
There are currently 33 properties listed for sale, and 34 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 476 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.