4807/245-251 City Road, Southbank, VIC 3006 | Property Value & History | OnTheHouse
OFF MARKET

4807/245-251 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 1356m2
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Property Details for 4807/245-251 City Rd, Southbank

4807/245-251 City Rd, Southbank is a 2 bedroom, 1 bathroom House. 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
4807/PS811538

Last Listing description (March 2025)

This stylish and modern apartment boasts an open plan living space drenched in sunlight, and offers an affordable opportunity to live in the city. Conveniently and perfectly located in the heart of Southbank, you can stroll to the South Melbourne Market, cafes, Woolworths supermarket, Boyd Community Park, and Crown Entertainment Complex. Southern Cross Station and trams are literally at your doorstep to connect you to wherever you need to go! Just a stones' throw from the CBD shops, bars, restaurants and Docklands.

Features:

Open plan living area with city views

Modern kitchen with stainless steel appliances, and gas cooktop, dishwasher
Hardwood floors
European laundry
Modern bathroom
Split system AC
Private balcony

Additional features include secure swipe entry with intercom with concierge. Facilities accessible exclusively by residents include: gym on level 40 and 41, infinity pool, spa and steam room . Private function rooms including, lounge, landscaped BBQ area facing Melbourne City and cinema room.

Whilst we have taken care in the preparation of the photos and description of the property, we recommend that applicants arrange their own enquiries and attend an inspection to confirm all aspects of the property.

*Prospective renters are required to register for the open-for-inspection to view the property. This ensures they are promptly notified of any changes or cancellations to the scheduled inspection*

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Use this link to APPLY NOW! - https://our.property/OXvD

Property History for 4807/245-251 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$588,000
30 Jun 2017
Listed for Rent
$710/w
28 Mar 2025
  • 19 Feb 2025
    Listed for Rent $710 / week
  • 08 Mar 2023
    Listed for Rent $675 / week
  • 30 Jun 2017
    Sold for $588,000
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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 29,998 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 153 properties listed for sale, and 149 properties listed for rent in Southbank on OnTheHouse. According to Cotality's data, 1381 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.