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1111/38 Bank Street, South Melbourne$900,000
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For Saleapartment

1111/38 Bank Street

South Melbourne, VIC 3205, Australia
$880,000 – $920,000
3 bed 2 bath 2 car

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About this property

Space, sunlight and a serene South Melbourne setting combine to perfection in this spectacular 3 bedroom, 2 bathroom, 2 car-park corner apartment over a vast 123sqm in total (approx.). Make your way downstairs from this 11th floor retreat and stroll to Albert Park Lake, the Royal Botanic Gardens, South Melbourne Market, trams in all directions, Anzac trains, Woolworths, the arts precinct, and a feast of local dining options in this prestigious pocket. Floor-to-ceiling glass hems wide-reaching open-plan living and dining, underscored by a granite-finished kitchen with a breakfast bar and upgraded appliances including a 5-burner gas cooktop and a Bosch dishwasher. Perched inside the prestigious Capri building, a sheltered full-width balcony highlights sweeping views across the neighbourhood before landing on the majestic Shrine of Remembrance. The sizeable bedrooms are fitted with secondary glazing and extensively robed, filled with light, and ready to impress, while the palatial main is graced with walk-in robes and a private ensuite. The principal bathroom showcases full-height tiles, a shower over a bathtub, and a European laundry with a wall-mounted dryer. Comprehensive features include secure parking for two cars, an over-the-bonnet storage unit, split-system heating and cooling, floating floorboards, double roller blinds, dimmable lighting, and recessed down-lighting. Coveted Capri comes complete with intercom security, lift access, and resort-style use of a swimming pool, tennis court, fully equipped gym, and a BBQ terrace. Inspect today and experience it for yourself! Outgoings: Council Rates: $427.00 per quarter approx. Water Rates: $176.00 per quarter approx. Owners Corporation Fees: $2,231.00 per quarter approx. Potential Rental Income: $850 per week approx. * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
3
Bathrooms
2
Parking
2
Listed
1 month ago

Repayment calculator

$4,363/month
$2,182 /fortnight
Loan $720,000 at 6.10% over 30 years

Upfront costs

Deposit$180,000
Stamp duty$49,070
Conveyancing (est.)$2,000
Total upfront$231,070
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in South Melbourne

This 3-bedroom apartment in South Melbourne, VIC 3205 sits within reach of public transport, local shops and nearby schools. It is listed 45% above the $622,500 median of 57 comparable apartmentswithin 5 km.

Schools near South Melbourne

  • Galilee Regional Catholic Primary Schoolprimary · Prep-6 · CoEd
  • Hester Hornbrook Academy - South Melbournesecondary
  • Youth2Industry Collegesecondary · 11-12 · CoEd

What's nearby

  • Stop 119: Wells Street (tram)169 m away
  • BMW Melbourne108 m away
  • Kings Business Park209 m away
  • Unnamed261 m away
  • Eastern North Reserve318 m away

South Melbourne at a glance

Full suburb profile
Population
11,548
Median age
39
Household income
$2,101/wk
Median rent
$421/wk
Median mortgage
$2,200/mo

Source: ABS Census.

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Suburb market

Suburb price trend

South Melbourne price trend

Median sold · Unit 3 bed

Compound growth +2.4% / yr over 4 yrs

$1.30mcurrent median

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Price history

Price history

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1 price change recorded for this property

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