132/38 Kavanagh St, Southbank is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 54m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 1 bedroom Apartment sold in Southbank in the last 12 months.
• East-facing aspect over arts precinct
• Fully renovated bathroom with laundry
• Floorboards throughout living zones
An east-facing outlook across Melbourne's arts precinct sets the tone for this well-proportioned one-bedroom apartment, offering light, openness, and a sense of space that is increasingly hard to find.
The layout is practical and easy to live in, anchored by a generous living and dining zone that comfortably accommodates both relaxing and entertaining. Floorboards run throughout, enhancing flow and durability, while large windows draw in morning light and frame an open outlook toward the arts precinct, with distant views extending toward the Dandenong Ranges and the MCG. A private balcony extends the living space and provides a quiet spot for a morning coffee or evening wind-down.
The kitchen is neatly positioned off the main living area, offering good bench space, storage, and a functional layout without intruding on the room's proportions. The bedroom is larger than most, includes built-in robes, and enjoys the same eastern aspect, creating a calm and comfortable retreat. The bathroom has been fully renovated and incorporates a concealed laundry, delivering a clean, modern finish with everyday practicality.
Comfort is covered year-round with split-system heating and cooling, secure video intercom entry and the apartment is complemented by a secure car space.
Residents also have access to well-maintained amenities including a heated indoor pool, spa, gym, and communal BBQ terrace. Positioned on Kavanagh Street, the location places you moments from Southbank Promenade, the Arts Centre, NGV, Royal Botanic Gardens, and a wide range of cafes and restaurants. Trams, Flinders Street Station, and the CBD are all within easy reach, making this a compelling option for both owner-occupiers and investors.
The size of Southbank is approximately 1.6 square kilometres. There are 7 parks, covering nearly 1.5% of the total area. The population of Southbank in 2016 was 18709 people. By 2021 the population was 22631 showing a population growth of 21.0% in the area during that time. The predominant age group in Southbank is 20-29 years. Households in Southbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southbank work in a professional occupation.In 2021, 30.30% of the homes in Southbank were owner-occupied compared with 33.80% in 2016.
Southbank has 30,482 properties. Over the last 5 years, Houses in Southbank have seen a -66.06% decrease in median value, while Units have seen a 1.15% increase. As at 31 July 2026:
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