802/138 Ferrars Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

802/138 Ferrars Street
South Melbourne VIC 3205

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 1970m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 2 Feb 2026
Low

High
Save

Property Details for 802/138 Ferrars St, South Melbourne

802/138 Ferrars St, South Melbourne is a 3 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 1970m2.

Building Type
Unit
Land Size
1970m2
Local Government
Port Phillip

Last Listing description (January 2026)

Welcome to Montague Square the new way of living!

Purpose-built for long-term tenants
Amazing services for residents:

Parcel delivery lockers
Pet care (yep, its pet-friendly!)
Laundry & cleaning services
Video Intercom and fob security
And much more!
On-site concierge to handle community events and maintenance making your life easier!
Flexible lease options 3 years or less by mutual agreement

Building Amenities:
Fully equipped gym
Bookable meeting room for work
Coworking desks and Work from Home spaces
Resident lounge to relax
Rooftop terrace to soak in the sun, and watch the fireworks
Tesla Model Y for hire (in pilot program)
Electric Vehicle (EV) charging

Apartment Features:
Smart design with zones for lounging and dining
Stunning views over South Melbourne
Kitchen: Stone benchtops, glass splashback, stainless steel appliances, gas cooktop, and full-size dishwasher.
Three spacious bedrooms with ample storage
Stunning fully tiled central bathroom with bath and ensuite off master bedroom
Euro laundry for convenience
Pushbike storage included
Optional storage cages available for extra cost (some big enough for a canoe!)
Basement car park (not a stacker)

Location, location, location!
South Melbourne Market and shopping precinct within walking distance
Directly opposite South Melbourne Primary School
Easy access to CBD and Melbourne Universities
Light rail Route 96 just around the corner for a quick commute to the city

Ready to inspect?
Simply click on "Book an Inspection Time" or "Email Agent" to book instantly
Register to receive updates, changes, or cancellations right away!

Property History for 802/138 Ferrars St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Listed for Rent
$1.20k/w
06 Jan 2026
  • 05 Jan 2026
    Listed for Rent $1,200 / week
Commute Calculator

About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of 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 12,875 properties. Over the last 5 years, Houses in South Melbourne have seen a 8.14% increase in median value, while Units have seen a 6.21% increase. As at 31 December 2025:

  • The median value for Houses in South Melbourne is $1,743,660 while the median value for Units is $637,243.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 35 properties listed for sale, and 28 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

Market Insights
South Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.