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401/56 Dorcas Street, Southbank$450,000
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401/56 Dorcas Street

Southbank, VIC 3006, Australia
$430,000 – $470,000
1 bed 1 bath

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About this property

Located in the heart of Southbank, this modern one-bedroom, one-bathroom apartment presents an exceptional opportunity to secure a quality residence in one of Melbourne's most desirable inner-city precincts. Ideal for an owner-occupier who loves to entertain outdoors or an investor looking for a property with a unique "wow factor" that sets it apart from typical one-bedroom units. Exceptional Outdoor Patio: The standout feature of this residence is the oversized patio. Unlike standard high-rise balconies, this expansive "outdoor room" offers significant depth and width, perfect for a full dining set, a container garden, or a lounge area to soak in the atmosphere of Southbank, the perfect spot to unwind, enjoy morning coffee, entertain friends, or simply take in the city energy and fresh air. Spacious Bedroom Retreat: The bedroom is generously proportioned, providing ample space for a king-sized bed and a home office nook. It features integrated robe storage and direct access to the living areas. Smart Open-Plan Living: The kitchen and living zones flow seamlessly together. the kitchen is well-equipped with a dedicated dishwasher nook and pantry storage, while the living area opens directly onto the patio, blurring the lines between indoors and out. Practical Amenities: The unit includes a modern bathroom with a large shower and a discreet, European-style laundry tucked away near the bedroom for maximum convenience. Residents enjoy exclusive access to an elite suite of facilities, including an open-air heated pool, a high-performance gym, and dual saunas for ultimate relaxation. Whether you are hosting in the designer dining rooms and lounges, focusing in the dedicated study hub, or catching a film in the private cinema, these world-class amenities redefine luxury urban living. Perfectly positioned, the apartment is just moments from Melbourne's CBD, with easy access to public transport, including tram services and nearby train stations. Enjoy being within walking distance of the Royal Botanic Gardens, the Shrine of Remembrance, Albert Park Lake, and South Melbourne Market, as well as a wide selection of cafs, restaurants and retail options. The nearby Sport, Arts and Cultural Precincts further enhance the lifestyle appeal of this prime location. Offering a combination of modern living, exceptional convenience and a highly sought-after address, this Southbank apartment is an outstanding opportunity not to be missed.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Listed
3 months ago

Repayment calculator

$2,182/month
$1,091 /fortnight
Loan $360,000 at 6.10% over 30 years

Upfront costs

Deposit$90,000
Stamp duty$22,070
Conveyancing (est.)$2,000
Total upfront$114,070
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 1-bedroom apartment in Southbank, VIC 3006 sits within reach of public transport, local shops and nearby schools. It is listed 13% below the $514,500 median of 55 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 127: York Street (tram)843 m away
  • AWM Electrical & Data Suppliers705 m away
  • Kings Business Park247 m away
  • Unnamed350 m away
  • Sturt Street Reserve385 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 1 bed

Compound growth -3.1% / yr over 4 yrs

$385kcurrent median

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Price history

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1 price change recorded for this property

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