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401/75 Palmerston Crescent, South Melbourne$725,000
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401/75 Palmerston Crescent

South Melbourne, VIC 3205, Australia
$700,000 – $750,000
2 bed 2 bath 1 car

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About this property

Peacefully positioned in one of South Melbourne's most desirable pockets, this spacious two-bedroom, two-bathroom apartment combines generous interiors, natural light and impressive city views. The open-plan living, dining and kitchen area forms the heart of the home, with warm timber flooring and large floor to ceiling glass sliding doors drawing in plenty of natural light. Step outside to the expansive undercover balcony, where the city skyline creates a striking backdrop for morning coffee, relaxed dinners or evenings spent entertaining friends. The kitchen is both stylish and practical, featuring stone benchtops, stainless steel appliances and excellent storage. A dedicated study area beside the living zone provides a convenient space for working from home without intruding on the main living area. Both bedrooms are well proportioned and privately positioned. The main bedroom enjoys its own smaller balcony, along with a walk-in robe and contemporary ensuite, creating a comfortable retreat away from the main living zone. The second bedroom is serviced by the central bathroom, which includes modern finishes and ample cabinetry. Additional features include a European laundry, reverse-cycle heating and cooling, secure intercom entry and one secure car space with dedicated storage cage. Just moments from Albert Park Lake, this sought-after address places South Melbourne Market, Clarendon Street, the Royal Botanic Gardens and public transport within easy reach. With peaceful surrounds, generous outdoor space and the city skyline in view, this is inner-city living with room to breathe.

Property Details

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

Repayment calculator

$3,515/month
$1,757 /fortnight
Loan $580,000 at 6.10% over 30 years

Upfront costs

Deposit$145,000
Stamp duty$38,570
Conveyancing (est.)$2,000
Total upfront$185,570
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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 apartment in South Melbourne, VIC 3205 sits within reach of public transport, local shops and nearby schools. It is listed 6% above the $682,500 median of 58 comparable apartmentswithin 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 25: Cecil Street (tram)899 m away
  • Carma Cellars1.1 km away
  • Edythe McCallum Reserve731 m away
  • Town Hall Reserve816 m away
  • Foundry Site Park838 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 · Unit 2 bed

Compound growth -0.3% / yr over 4 yrs

$670kcurrent median

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Price history

Price history

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1 price change recorded for this property

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