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703/85 Market Street, South Melbourne$675,000
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For Saleapartment

703/85 Market Street

South Melbourne, VIC 3205, Australia
$650,000 – $700,000
2 bed 2 bath 1 car80 m²

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About this property

Offering a perfect blend of comfort, convenience, and city-fringe lifestyle appeal, this beautifully maintained apartment presents an outstanding opportunity for first-home buyers, professionals, downsizers, and investors alike. Occupying a desirable corner position within the sought-after Teri Complex, the north-facing residence enjoys an abundance of natural light, impressive CBD skyline views, and a thoughtfully designed layout that makes everyday living effortless. Positioned on one of the building's premium owner-occupier levels, it also benefits from enhanced acoustic insulation and quality finishes throughout. Step inside to discover a welcoming open plan living and dining area enhanced by timber flooring and floor-to-ceiling windows that draw in natural light throughout the day. The space extends seamlessly to an enclosed balcony featuring adjustable louvres, creating a versatile area that can be enjoyed year-round while taking in the city outlook. Whether used as a second living zone, home office, reading retreat, or entertaining space, it adds valuable flexibility to the home's layout. The well-appointed kitchen combines practicality and style, featuring quality appliances, ample storage, and generous bench space. Accommodation comprises two well-sized bedrooms fitted with mirrored built-in robes. A contemporary bathroom with a spacious shower and modern finishes services the home, complemented by a separate laundry for added convenience. South Melbourne continues to be one of Melbourne's most desirable lifestyle destinations, renowned for its vibrant village atmosphere and unbeatable convenience. The iconic South Melbourne Market, Clarendon Street shopping and dining precinct, supermarkets, cafés, restaurants, bars, trams, and light rail services are all within easy walking distance. Easy access to Melbourne CBD and nearby bayside attractions further highlights the appeal of this exceptional address.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Parking
1
Land Area
80 m²
Listed
1 month ago

Repayment calculator

$3,272/month
$1,636 /fortnight
Loan $540,000 at 6.10% over 30 years

Upfront costs

Deposit$135,000
Stamp duty$35,570
Conveyancing (est.)$2,000
Total upfront$172,570
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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 30% above the $518,000 median of 70 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 117: York Street (tram)544 m away
  • The FlyFisher564 m away
  • Unnamed436 m away
  • Town Hall Reserve506 m away
  • Boyd Community Park574 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

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1 price change recorded for this property

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