G04/244-246 Dorcas St, South Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 825m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 1 bedroom Unit sold in South Melbourne in the last 12 months.
Located conveniently in one of South Melbourne's most sought-after locations, this one bedroom apartment has a functional floorplan which includes an open plan kitchen with Asko appliances, meals and open plan living area that offers a great way to live. The bedroom with built-in robes has access directly through to the bathroom and with bi-folding doors offers a sense of space and better utilisation of the floor space. Other features include timber floorboards, spilt system heating/cooling, European laundry, undercover balcony for all year enjoyment, secure entry with intercom and storage cage.Situated in the heart of South Melbourne which will have you enjoying a short walk to the South Melbourne Market, cafes, restaurants and easy access to the city with public transport a short walk to Clarendon Street. This property currently tenanted on a month to month rental agreement, is returning $1,999 pcm with Owners Corporation fees approx. $2,706 p.a. and rates approx. $977.05 pa this is a fantastic investment and has potential even for short stays or simply use as the city base.
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 12,875 properties. Over the last 5 years, Houses in South Melbourne have seen a 1.10% increase in median value, while Units have seen a 3.74% increase. As at 31 May 2026:
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