905/245-251 City Road, Southbank, VIC 3006 sold on 08 October 2025 | OnTheHouse
 
SOLD
Sold on 08 Oct 2025 for $750,000

905/245-251 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 1356m2
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Property Details for 905/245-251 City Rd, Southbank

905/245-251 City Rd, Southbank is a 2 bedroom, 2 bathroom Unit 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 October 2025. There are other 2 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Land Size
1356m2
Local Government
Melbourne
Lot/Plan
905/PS811538

Last Listing description (November 2025)

This nearly new 2 bedroom 2 bathroom apartment in the brand new Palladium Tower is in a prime location between South Melbourne and the City of Melbourne.

Enjoy the vibrant location of Southbank with its popular Southbank Boulevard, Crown precinct and the convenient short walk to South Melbourne Markets.

A spacious floor plan with luxury finishes features a modern colour scheme, quality timber floors in living area, cosy carpets throughout the bedrooms and roller block out blinds. The well thought out kitchen providing maximum bench space includes dishwasher, gas stove with multiple burners and popular branded oven and microwave. The modern, spacious bathroom awakes luxury feels with walk-in shower, vanity and shelf storage and concealed laundry with space for washing machine and dryer (dryer is included). The central living area with downlights features reverse cycle air conditioning/heating, television and internet access and floor to ceiling window views with access to the private balcony. Both bedrooms complete the comfort of Southbank living with built in wardrobes.

Additional features include a secure car space, secure swipe entry with intercom, building concierge, high end bay view facilities include gym, large infinity pool and sauna. Private function rooms facing Melbourne City are accessible exclusively by residents. For your convenience a Woolworths Metro Supermarket is located on the ground-floor of this latest addition to Southbank living opportunities.

This apartment comes with 1 car space & 1 storage cage.

Internal Area: approx. 87.2 sqm
External Area: approx. 127 sqm
Total Area: approx. 214.2 sqm

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Property History for 905/245-251 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$750,000
08 Oct 2025
Listed for Rent
$800/w
19 Jul 2024
  • 08 Oct 2025
    Sold for $750,000
  • 19 Jul 2024
    Listed for Rent $800 / week
  • 02 May 2023
    Listed for Sale Contact Agent
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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 29,996 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 147 properties listed for rent in Southbank on OnTheHouse. According to Cotality's data, 1381 properties were sold in the past 12 months in Southbank.

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