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Park Avenue at Park Street, SOUTH MELBOURNE VIC 3205
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Property Park Avenue at Park Street, SOUTH MELBOURNE VIC 3205 IMAGE

Park Avenue at Park Street
SOUTH MELBOURNE VIC 3205

Price unavailable

11Apartment


Sold on 16 June 2021

Nomination sale of 1B1B1S Apartment in inner south Melbourne, combined Manhattan-style confidence and Melbourne pride

South Melbourne is an inner south suburb of Melbourne, 3km south to CBD. It is rich in history and Victorian architecture, with a nearby beach, a famed market, and a booming cafe scene. South Melbourne is close to the city so it’s a healthy walk in; alternatively, there are plentiful trams in both directions. If you want an independent and relaxing lifestyle, heavy on the gourmet, South Melbourne’s the place for you. Set up home in a new apartment or a historic Victorian terrace and make the most of this enviable and leafy location – close to the city and close to the sea. Park Avenue combined Manhattan-style confidence with a touch of Melbourne’s understated pride. Echoes of New York’s top boutique hotels can be found within the relaxing and indulgent Lounge area. Wind down with access to a wine cellar for personal storage, a library, a sumptuous fireplace, and an open-air courtyard for entertaining friends and family. Five-star facilities include cardio and weight training equipment, free weights, a Pilates room with equipment, sauna, massages by appointment. Five-star services can all be arranged via the concierge desk. Enjoy on-call service, dry cleaning, parcel collection and supermarket storage including transportation and dining reservations. The residences feature state of the art security, with access to secure underground parking, a personal storage cage and bike racks. Melbourne’s most iconic landmarks and must-sees are well within reach, and for those place that isn’t, ample public transport and main roads pave the way to explore the world’s most liveable city. The project’s estimated settlement date in December 2021. What’s around? The Royal Botanic Gardens Albert Park Lake NGV Arts Centre St Paul’s Cathedral Shrine of Remembrance Eureka Tower Crown Casino South Melbourne Market Bourke Street Mall DFO South Wharf The Alfred The Royal Melbourne Hospital Education South Melbourne Park Primary School - 1.4km (2021 enrolments) Prahran High School - 3.4km (2021 enrolments) Melbourne Grammar School - 650m Wesley College - 2.5km RMIT University - 3km University of Melbourne - 4.4km Nomination sale of the lot 5XX is located at level 5 of Park Avenue. West aspect. Estimated settlement date is at mid 2021. 1Bedroom 1Bathroom 1Study Internal size 52 sqm External size 6 sqm Total area 58 sqm Contract price: $418,000

Local market info for South Melbourne

Data for Apartment/Unit based on the past 12 month period
Median growth 12.35%
Median Sold Price $646,000
Median Weekly Rent $420
Galilee Regional Catholic Primary SchoolHester Hornbrook AcademyMontague Continuing Education CentreYouth2Industry CollegeLilian Cannam KindergartenClarendon Children's Centre Co-opCoventry Children's CentreOne Tree Defence Childcare Unit CoventryCity Kids Early Learning CentreOnly About Children South MelbourneEvoke Early Learning Albert ParkGuardian Childcare & Education South Melbourne

Homes investor insights on
rental returns

Homes estimates a median rental return of $420 per week for a 1 bedroom Apartment/Unit in South Melbourne.

Yield 0%
Growth South Melbourne* 0%

* 10 year average annual growth

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Sunny City

Sunny CityAdderley Street, West Melbourne VIC
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