711/28 Bank Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

711/28 Bank Street
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 97m2
Land area: 3774m2
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Property Details for 711/28 Bank St, South Melbourne

711/28 Bank St, South Melbourne is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 3774m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in April 2025.

Building Type
Unit
Year Built
2000
Floor Size
97m2
Land Size
3774m2
Local Government
Port Phillip
Lot/Plan
711/PS429423

Last Listing description (October 2026)

THE DEAL
Positioned on the corner and elevated above South Melbourne, this generously proportioned three-bedroom apartment pairs natural light, city views and considered updates with a floorplan that genuinely delivers. New floorboards run through the expansive open-plan living and dining zone, framed by large windows that draw in an abundance of light, while the updated kitchen offers generous storage, quality appliances and plenty of bench space. From here, step out to the private balcony and take in an outlook stretching towards the CBD.

Three well-sized bedrooms make this a home with real flexibility, whether you need the extra space for family, guests or a dedicated home office. The main bedroom is complete with its own ensuite, while a central second bathroom services the remainder of the home. New carpet, updated finishes and a secure basement car space add to the sense that everything has already been taken care of, complemented by an impressive selection of resident amenities within the building.

SEALS THE DEAL
The location does the rest. South Melbourne Market, Clarendon Street, cafs, restaurants, parkland and public transport are all close by, with the CBD only moments beyond. Spacious, updated and exceptionally well positioned, this is apartment living without the usual compromise three genuine bedrooms, great natural light, outdoor space and a city outlook in one of Melbournes most connected inner-city pockets.

Property History for 711/28 Bank St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$790,000
12 Apr 2025
Listed for Rent
$520/w
21 Nov 2021
  • 13 Oct 2026
    Listed for Sale THE DEAL: $850K - $895K
  • 12 Apr 2025
    Sold for $790,000
  • 02 Aug 2021
    Listed for Rent $520 / 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 13,056 properties. Over the last 5 years, Houses in South Melbourne have seen a -4.67% decrease in median value, while Units have seen a -0.38% decrease. As at 30 September 2026:

  • The median value for Houses in South Melbourne is $1,711,161 while the median value for Units is $619,896.
  • Houses have a median rent of $825 while Units have a median rent of $680.
There are currently 32 properties listed for sale, and 42 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 467 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.