198 Park Street, South Melbourne$1.45m
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198 Park Street

South Melbourne, VIC 3205, Australia
$1.40m – $1.50m
2 bed 1 bath195 m²

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About this property

Steeped in South Melbourne's early history, "Emerald House" sits behind high bluestone walls, capturing the timeless appeal of early Victorian architecture through its solid construction, beautifully preserved period detail and deep northeastern garden that transforms its inner-city footprint. Dating back to the mid-1800s, the beautifully updated dual-level residence retains the grace of its era through Baltic pine floors, ornate fireplaces and classic proportions, with an intimate sitting room preceding the separate dining room with a gas fire before the well-appointed modern kitchen extends naturally to the rear. Outdoors, the expansive paved terrace and bluestone-edged lawns create a remarkably large and private garden, stretching well beyond expectation and inviting total tranquillity amid established greenery and all-day sun. Two generous bedrooms follow upstairs, accompanied by a versatile study or third bedroom, with the second bedroom offering robes and city views, and the main bedroom retaining its original fireplace. A spacious contemporary bathroom on the lower level completes the accommodation, with modern appointments including reverse-cycle heating and cooling, a full laundry, and extensive storage. Positioned within a short walk of Clarendon Street's renowned cafés, restaurants and boutiques, South Melbourne Market, multiple tram routes, ANZAC Station, with Albert Park Lake, leading schools, the Royal Botanic Gardens, and the CBD also nearby, every advantage of inner-Melbourne living sits at the doorstep. Land size: 195sqm (approx).

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Land Area
195 m²
Listed
Today

Repayment calculator

$7,030/month
$3,515 /fortnight
Loan $1,160,000 at 6.10% over 30 years

Upfront costs

Deposit$290,000
Stamp duty$79,750
Conveyancing (est.)$2,000
Total upfront$371,750
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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 South Melbourne

This 2-bedroom house in South Melbourne, VIC 3205 sits within reach of public transport, local shops and nearby schools. It is listed 101% above the $722,500 median of 59 comparable houseswithin 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 23: Moray Street (tram)61 m away
  • The FlyFisher211 m away
  • Edythe McCallum Reserve214 m away
  • Eastern South Reserve215 m away
  • Eastern North Reserve217 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 · House 2 bed

Compound growth -1.3% / yr over 4 yrs

$1.26mcurrent median

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Price history

Price history

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1 price change recorded for this property

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