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40/173 City Road, Southbank$950,000
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For Saleapartment

40/173 City Road

Southbank, VIC 3006, Australia
$950,000
3 bed 1 bath 2 car170 m²

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About this property

Positioned on City Road, this exceptional 3.5-bedroom apartment presents a rare combination of space, privacy, and refined inner-city living further enhanced by your own over sized private garden terrace (approximately 170m² in area). Located on a low level with direct private garden terrace access, this apartment comprises three good sized bedrooms plus a versatile half-bedroom / study, 2 car parks on the same floor level, and a private garden shed on the terrace for additional storage. The unique outdoor setting makes the residence ideal for families, professionals, and pet owners seeking space without compromise. Designed for sophisticated urban living, the thoughtfully planned floor layout creates a seamless connection between expansive living and dining zones and spacious bedrooms - delivering comfort and functionality. Set within one of Southbank's most desirable addresses, the apartment is moments from Melbourne's most iconic attractions. Enjoy a short walk to the CBD, the Yarra River promenade, Crown Entertainment Complex, world-class dining, and the arts precinct. Excellent transport links ensure effortless connectivity across the city. The rare garden terrace elevates this residence well beyond conventional apartment living, offering your own outdoor retreat rarely available in such a prestigious inner-city location. Luxury features include: Rare 3.5-bedroom garden-terrace residence. 2 same floor car spaces. Oversized L-shape private garden terrace with exclusive access and storage shed. Expansive living and entertaining zones with premium proportions. Prestigious City Road address in the heart of Southbank. Ideal for luxury owner-occupiers or high-end investors. Short walk to the CBD and Melbourne's cultural landmarks. Create your own inner city garden terrace sanctuary . This is a residence that truly transcends apartment living, offering space, prestige, and lifestyle in one of Melbourne's most tightly held inner-city neighbourhoods. Private inspections available by appointment. Enquire today !

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
2
Land Area
170 m²
Listed
3 months ago

Repayment calculator

$4,606/month
$2,303 /fortnight
Loan $760,000 at 6.10% over 30 years

Upfront costs

Deposit$190,000
Stamp duty$52,070
Conveyancing (est.)$2,000
Total upfront$244,070
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 3-bedroom apartment in Southbank, VIC 3006 sits within reach of public transport, local shops and nearby schools. It is listed 26% above the $755,000 median of 71 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)237 m away
  • Unnamed82 m away
  • Unnamed143 m away
  • Boyd Community Park169 m away
  • Unnamed254 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 3 bed

Compound growth +1.5% / yr over 4 yrs

$1.03mcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Southbank market

Within 5km

Nearby Properties

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