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914/31 City Road, Southbank$241,000
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For Saleapartment

914/31 City Road

Southbank, VIC 3006, Australia
$241,000
1 bed 1 bath51 m²

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About this property

Positioned within the sought-after Mantra Southbank, this low-maintenance one-bedroom apartment presents an outstanding opportunity for investors chasing strong, reliable returns in a blue-chip inner-city location. Currently offering an estimated rental return of $500 per week (approx. 9-10% yield p.a.), this is a rare chance to secure a high-performing asset in one of Melbourne's most dynamic precincts. Inside, the apartment showcases a functional and modern layout, featuring: • Light-filled open-plan living and dining area • Sleek stone kitchen with stainless steel appliances • Generous bedroom with built-in robes • Bright central bathroom with integrated Euro laundry • Ducted heating and cooling for year-round comfort • Secure intercom entry Residents also enjoy access to premium building facilities including a pool, gym, and sauna-enhancing both lifestyle appeal and rental demand. Perfectly located just moments from Crown Entertainment Complex, the Melbourne Arts Precinct, Flinders Street Station, the CBD, and the Royal Botanic Gardens Victoria, this address ensures constant appeal for tenants and visitors alike. With close proximity to major universities and business hubs, the property benefits from consistent demand and long-term growth potential. An exceptional set-and-forget investment with strong returns and unbeatable positioning. Contact Zek today to arrange a private inspection-opportunities like this are rarely available.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Land Area
51 m²
Listed
3 weeks ago

Repayment calculator

$1,168/month
$584 /fortnight
Loan $192,800 at 6.10% over 30 years

Upfront costs

Deposit$48,200
Stamp duty$9,530
Conveyancing (est.)$2,000
Total upfront$59,730
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 Southbank

This 1-bedroom apartment in Southbank, VIC 3006 sits within reach of public transport, local shops and nearby schools. It is listed 65% below the $682,500 median of 69 comparable apartmentswithin 5 km.

Schools near Southbank

  • South Melbourne Primary Schoolprimary · Prep-6 · CoEd
  • Victorian College Of The Arts Secondary Schoolsecondary · 7-12 · CoEd

What's nearby

  • Stop 116: City Road (tram)749 m away
  • Unnamed599 m away
  • Unnamed205 m away
  • Unnamed212 m away
  • Unnamed218 m away

Southbank at a glance

Full suburb profile
Population
22,631
Median age
31
Household income
$1,926/wk
Median rent
$411/wk
Median mortgage
$1,900/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Southbank price trend

Median sold · Unit 1 bed

Compound growth -3.1% / yr over 4 yrs

$385kcurrent median

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Price history

Price history

Listing price changes & sale

2 price changes recorded for this property

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