3105/57-61 City Road
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About this property
INSPECTION AVAILABLE Immaculately presented with clear city views, this turn-key opportunity is ideal for both owner occupiers and investors. POTENTIAL 9%+ YIELD. Beyond an abundance of natural light, elevated outlooks and a layout that feels immediately comfortable, residents enjoy a near river-side location next to one of Melbourne's marque precincts, Southgate by the Yarra River. Should you be an investor, this building is well regarded as delivering high yielding returns with potential to achieve in excess of 9% yield. 31st Floor - Bright, sun-lit one-bedroom apartment with elevated city outlooks Open-plan living, dining and kitchen zone Floorboards in living areas and carpeted bedroom Juliette balcony with floor-to-ceiling glazing Engineered stone kitchen with stainless steel gas cook-tops & Oven Integrated dishwasher & concealed fridge cabinet Well-sized bedroom with built-in robe Modern bathroom Intercom secure entry system separate entry for private residences Neighbouring the iconic Melbourne's Eureka Tower and the Langham Hotel, this central Southbank address, the best of inner-Melbourne is within easy reach. Walk to the Yarra River promenade, The Botanical Gardens, Flinders Street Station, Crown, cafés, restaurants and the Arts Precinct, with the CBD just across the river for work, study or leisure. Value for money, not to be missed.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 1
- Bathrooms
- 1
- Listed
- 2 months ago
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Upfront costs
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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 52% below the $660,000 median of 70 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) — 655 m away
- Unnamed — 503 m away
- Unnamed — 137 m away
- Unnamed — 140 m away
- Unnamed — 160 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.
Due diligence
Property Report
Flood Risk
None
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Medium
High
Flood zone
Land Subject to Inundation Overlay (LSIO); Yarra River flood study area
Southbank is situated in the Yarra River floodplain and is subject to Victoria's Land Subject to Inundation Overlay (LSIO). While the area has undergone significant urban renewal and modern flood-aware development, properties remain at medium flood risk due to proximity to the Yarra River and its tributary systems. Planning approval and detailed flood risk assessment are typically required for new works or substantial renovation.
Planning controls
- Compliance with Melbourne Water flood-related planning controls and permit requirements for development in LSIO areas
- Mandatory floor level requirements; habitable rooms typically must be above the 1% AEP flood level plus freeboard
- Flood impact assessment and mitigation measures required for new development or substantial renovations
- Consideration of cumulative flood risk from both river and urban stormwater inundation
Suburb market
Suburb price trend
Southbank price trend
Median sold · Unit 1 bed
Compound growth -3.1% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Southbank marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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