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509/39 Park Street, South Melbourne$595,000
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509/39 Park Street

South Melbourne, VIC 3205, Australia
$595,000
2 bed 2 bath 1 car1258 m²

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About this property

Welcome to Park Avenue, one of South Melbourne's premier new addresses, ideally situated on Park Street at the edge of Southbank. Just minutes from the Royal Botanical Gardens, the Shrine of Remembrance, and an array of vibrant local restaurants and cafes, this luxurious building offers unrivalled access to everything you need, including multiple transport options. Residents at Park Avenue enjoy exclusive access to a stunning wellness centre, complete with a pool and cabana chairs, a serene sauna, and a state-of-the-art gym, all overseen by an on-site building manager. It's the ultimate urban lifestyle at your doorstep. This sophisticated apartment at 39 Park Street showcases high-end finishes throughout. The well-appointed kitchen features stainless steel appliances, including a gas cooker, oven, dishwasher, and a sleek island with stone bench tops. The spacious, north-facing open-plan living area flows seamlessly to a generous balcony, offering an effortless blend of indoor and outdoor living. With ample room for a dining area, this space is designed for both relaxation and entertainment. Both of the large bedrooms come with built-in wardrobes and abundant natural light, while the master suite boasts a private ensuite. Both bathrooms are fully tiled, each equipped with a shower, basin, and toilet, delivering style and convenience.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
2
Parking
1
Land Area
1258 m²
Listed
3 months ago

Repayment calculator

$2,885/month
$1,442 /fortnight
Loan $476,000 at 6.10% over 30 years

Upfront costs

Deposit$119,000
Stamp duty$30,770
Conveyancing (est.)$2,000
Total upfront$151,770
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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 13% below the $682,500 median of 61 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 119: Wells Street (tram)69 m away
  • Unnamed41 m away
  • Unnamed270 m away
  • Eastern South Reserve331 m away
  • Eastern North Reserve333 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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