Home/Properties/South Melbourne/5/56 Smith Street
5/56 Smith Street, South Melbourne$470,000
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For Saleapartment

5/56 Smith Street

South Melbourne, VIC 3205, Australia
$450,000 – $490,000
2 bed 1 bath 1 car

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About this property

Perfectly positioned in the heart of South Melbourne, this apartment combines modern style with everyday convenience. Filled with natural light and thoughtfully presented throughout, it offers an effortless lifestyle just moments from the area's renowned cafés, shopping, transport, and South Melbourne Market. Bathed in natural light, the kitchen is thoughtfully laid out for effortless everyday use, offering a highly functional footprint. The island bench seamlessly transitions from preparation area to breakfast bar, dining space or work-from-home station, creating a practical and flexible setting for daily living, with scope to further update over time. Two generously sized bedrooms, each with built-in robes, provide comfortable accommodation with centrally positioned bathroom . Split-system heating and cooling ensure year-round comfort, while a secure lock-up garage adds valuable off-street parking and extra storage. Whether you're a first-home buyer, professional, downsizer, or investor, this move-in-ready apartment presents an exceptional opportunity to secure a low-maintenance home in one of Melbourne's most sought-after inner-city locations.

Property Details

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

Repayment calculator

$2,279/month
$1,139 /fortnight
Loan $376,000 at 6.10% over 30 years

Upfront costs

Deposit$94,000
Stamp duty$23,270
Conveyancing (est.)$2,000
Total upfront$119,270
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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 59% below the $1.15m median of 56 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 23: Moray Street (tram)1.2 km away
  • The FlyFisher1.2 km away
  • Unnamed686 m away
  • Unnamed704 m away
  • Foundry Site Park801 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 -0.9% / yr over 4 yrs

$658kcurrent median

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Price history

Price history

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1 price change recorded for this property

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