4605/245-251 City Road, Southbank, VIC 3006 | Property Value & History | OnTheHouse
OFF MARKET

4605/245-251 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 1356m2
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Last updated 8 Dec 2025
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Property Details for 4605/245-251 City Rd, Southbank

4605/245-251 City Rd, Southbank is a 2 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 1356m2. While the property is not currently for sale or for rent, it was last sold in June 2017.

Building Type
House
Land Size
1356m2
Local Government
Melbourne
Lot/Plan
4605/PS811538

Last Listing description (April 2025)

This spacious 2 bedroom 2 bathroom apartment features luxurious finishes with modern colour schemes, hardwood floors and carpet throughout the bedrooms. Floor to ceiling windows and access to a private balcony fill the central living area with light, ideal to create your space to work from home.

It features reverse cycle air conditioning/heating, downlights and a well thought out kitchen. Modern finishes complimenting the spacious kitchen including dishwasher, gas stove with multiple burners, popular branded oven and built in microwave. The bathroom awakes luxury feels with walk-in shower, vanity and shelf storage and a concealed laundry with space for washing machine and dryer. Built-in robes in the bedrooms complete the Southbank living style.


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Property History for 4605/245-251 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$732,000
26 Jun 2017
Listed for Rent
$750/w
09 Jan 2025
  • 06 Jan 2025
    Listed for Rent $750 / week
  • 19 Dec 2023
    Listed for Rent $800 / week
  • 27 Mar 2023
    Listed for Rent $800 / week
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About Southbank 3006

The size of Southbank is approximately 1.6 square kilometres. It has 7 parks covering nearly 1.5% of 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 29,997 properties. Over the last 5 years, Houses in Southbank have seen a -50.41% decrease in median value, while Units have seen a 2.63% increase. As at 30 November 2025:

  • The median value for Houses in Southbank is $750,597 while the median value for Units is $556,793.
  • Houses have a median rent of $680 while Units have a median rent of $680.
There are currently 154 properties listed for sale, and 146 properties listed for rent in Southbank on OnTheHouse. According to Cotality's data, 1376 properties were sold in the past 12 months in Southbank.

Suburb Insights for Southbank 3006

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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.