914/31 City Road
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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
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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
- Unnamed — 599 m away
- Unnamed — 205 m away
- Unnamed — 212 m away
- Unnamed — 218 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
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Full Southbank marketThis listing
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Price history
Listing price changes & sale
2 price changes recorded for this property
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