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1112/31 City Road, Southbank$294,000

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For Saleapartment

1112/31 City Road

Southbank, VIC 3006, Australia

$280,000 – $308,000

1 bed 1 bath5 ha

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About this property

Located in one of Melbourne's most vibrant inner-city precincts, this one-bedroom apartment at 1112/31 City Road presents an exceptional opportunity for investors seeking a high-demand property with strong rental appeal and an impressive 7% rental yield per annum. Just a short walk from the Crown Entertainment Complex, the Melbourne Arts Centre, the CBD, the Royal Botanic Gardens, and Flinders Street Station, this apartment is perfectly positioned to attract quality tenants seeking a dynamic urban lifestyle. With secure building access and outstanding proximity to universities, business districts, and Melbourne's iconic attractions, this apartment ticks all the boxes for long-term capital growth and consistent rental returns. Please note: Images have been digitally enhanced for illustrative purposes. There may be slight variations from the actual apartment.

Property Details

Property Type: apartment
Listing Type: For Sale
Bedrooms: 1
Bathrooms: 1
Land Area: 5 ha
Listed: 3 months ago

Repayment calculator

$1,425/month

$713 /fortnight

Loan $235,200 at 6.10% over 30 years

Upfront costs

Deposit$58,800

Stamp duty$12,710

Conveyancing (est.)$2,000

Total upfront$73,510

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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 Southbank

This 1-bedroom apartment in Southbank, VIC 3006 sits within reach of public transport, local shops and nearby schools. It is listed 57% below the $682,500 median of 68 comparable apartmentswithin 5 km.

Schools near Southbank

South Melbourne Primary Schoolprimary · Prep-6 · CoEd
Victorian College Of The Arts Secondary Schoolsecondary · 7-12 · CoEd

What's nearby

Stop 116: City Road (tram) — 749 m away
Unnamed — 599 m away
Unnamed — 205 m away
Unnamed — 212 m away
Unnamed — 218 m away

Southbank at a glance

Full suburb profile

Population: 22,631
Median age: 31
Household income: $1,926/wk
Median rent: $411/wk
Median mortgage: $1,900/mo

Source: ABS Census.

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