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2/98 Wells Street, Southbank$700,000
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2/98 Wells Street

Southbank, VIC 3006, Australia
$675,000 – $725,000
2 bed 1 bath 1 car

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About this property

For Sale by Tuesday 28 July at 5pm This is the ideal inner city lifestyle opportunity you have been seeking, located in the heart of the vibrant Melbourne Arts precinct and so close to a myriad of lifestyle amenities. This apartment is defined by a generous living and dining room together with front and rear terraces offering plenty of space for enjoying alfresco living with indoor/outdoor entertaining or just relaxing with a morning coffee or evening drink after work. Recently refurbished the stylish interior also features a well-equipped kitchen with granite bench tops, quality appliances and ample storage; two double bedrooms both with built-in robes alongside a pristine bathroom with a concealed laundry. Other features include video security entrance, R/C air conditioner, remote basement car parking for one plus in-house recreational facilities including a tennis court and pool available for residents' use. The Southbank precinct provides the ultimate in inner city convenience within walking distance through the Southbank promenade to the CBD, many of Melbourne's finest restaurants, galleries, theatres, Kings Domain, the Royal Botanic Gardens. Plus, Melbourne's world-renowned sporting precinct, including the MCG, AAMI Park and the National Tennis Centre. With easy access to CityLink, trams or Anzac Station. Offering an outstanding opportunity for young professional, couples, first home buyers or downsizers.

Property Details

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

Repayment calculator

$3,394/month
$1,697 /fortnight
Loan $560,000 at 6.10% over 30 years

Upfront costs

Deposit$140,000
Stamp duty$37,070
Conveyancing (est.)$2,000
Total upfront$179,070
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 Southbank

This 2-bedroom apartment in Southbank, VIC 3006 sits within reach of public transport, local shops and nearby schools. It is listed 12% above the $622,500 median of 54 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)679 m away
  • AWM Electrical & Data Suppliers600 m away
  • Kings Business Park354 m away
  • Sturt Street Reserve375 m away
  • Unnamed466 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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Suburb market

Suburb price trend

Southbank price trend

Median sold · Unit 2 bed

Compound growth -1.6% / yr over 4 yrs

$605kcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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