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512/148 Wells Street, South Melbourne$454,000
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For Saleapartment

512/148 Wells Street

South Melbourne, VIC 3205, Australia
$438,000 – $470,000
1 bed 1 bath 1 car57 m²

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About this property

Investors Please Note: The property could return in the vicinity of $550 to $600 per week. Nestled in a leafy lifestyle precinct, this captivating 1-bedroom apartment will instantly impress with size to surprise and an abundance of natural light. Step outside your fifth-floor retreat and stroll to Royal Botanic Gardens, Albert Park Lake, Woolworths, the arts precinct, fresh South Melbourne Market produce, Anzac trains, and a choice of tram lines. Make your move to a South Melbourne neighbourhood with unmatched city connection! Inside, discover a roomy open-plan living and dining area with lightly toned floorboards underfoot, complemented by a gleaming kitchen boasting a breakfast bar, full-sized dishwasher, and a 4-burner gas cooktop. Capturing the warmth of morning sunlight, floor-to-ceiling glass slides open to a sheltered east-facing balcony with a delightful treetop aspect. The generously sized and mirror-robed bedroom shares in the outlook, while a smartly tiled bathroom is graced with a walk-in shower. Take advantage of secure car parking, a European laundry, split-system heating and cooling, and Roman blinds. Popular with owner-occupiers, the tightly held Tower complex highlights intercom security, lift access, and resort-grade use of a heated indoor lap pool, tennis court, fully equipped gym, and a BBQ terrace. Inspect today! * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Land Area
57 m²
Listed
1 month ago

Repayment calculator

$2,201/month
$1,100 /fortnight
Loan $363,200 at 6.10% over 30 years

Upfront costs

Deposit$90,800
Stamp duty$22,310
Conveyancing (est.)$2,000
Total upfront$115,110
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 South Melbourne

This 1-bedroom apartment in South Melbourne, VIC 3205 sits within reach of public transport, local shops and nearby schools. It is listed 12% below the $514,500 median of 54 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)229 m away
  • For Lease33 m away
  • Kings Business Park269 m away
  • Miles and Dodds Reserve288 m away
  • Unnamed365 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 1 bed

Compound growth -1.7% / yr over 4 yrs

$420kcurrent median

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Price history

Price history

Listing price changes

2 price changes recorded for this property

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