Back 1206/57 City Rd
Off Market

1206/57 City Rd

Southbank VIC 3006

1
1
Apartment
Last sold for $302,000
Jolene TanJolene Tan, last sold this property on 02 December 2025 after 33 days on market.

Overview

Prime Inner-City Investment with 9% Rental Yield

Property Highlights: • Contemporary 1 bedroom, 1 bathroom apartment • Freshly painted walls and new carpet in the hallway and bedroom • Stylish floorboards in the open-plan living and dining area • Sleek stone kitchen with integrated dishwasher, gas cooktop, oven & concealed fridge space • Plush bedroom with mirrored built-in robe • Modern bathroom with shower, vanity, toilet & laundry facilities • Private balcony with panoramic city views • Split system heating & cooling for year-round comfort An exceptional opportunity for investors seeking a high-demand property with an impressive 9% rental yield per annum. The apartment is currently vacant and ready for immediate leasing or owner occupation, offering both strong returns and flexibility in one of Melbourne's most vibrant precincts. Perfectly positioned in the heart of Southbank, this stylish apartment delivers an exceptional inner-city lifestyle surrounded by premier shopping, dining, and entertainment destinations. Enjoy easy access to Crown Entertainment Complex, South Wharf, the Arts Centre, Federation Square, and Flinders Street Station, with public transport and the CBD just moments away. Designed for modern comfort and convenience, this apartment is ideal for first-home buyers or savvy investors seeking strong rental demand and long-term growth potential. Contact Jolene Tan 0466 366 041 today to arrange for inspection or for more information.

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Southbank over the last 12 months, the estimated median property value of 1206/57 City Rd is $388.89k.

Median value
$388.89k
Estimated value range
$250k - $730k
Median days on market
44
Estimated value trend
3%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Southbank. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1206/57 City Rd

2025
Sold
$302,000
02 Dec 2025 by Jolene Tan, of Ray White Southbank | Melbourne City
2018
Sold
Undisclosed
Private Sale/Treaty on 26 Apr 2018 by Cindy Cai, of Yousales
2018
Rented
Undisclosed
Leased on 16 Feb 2018 by MICM

Happy sellers in Southbank

84%
84% of sellers in Southbank reported that their sale price either exceeded or met their price expectations.

Southbank stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 93 reviews in Southbank over the last 12 months.

Local market activity for 1 bedroom apartments in Southbank

In the last 12 months, 231 one-bedroom apartments similar to 1206/57 City Rd, have been sold.

This represents a 7% increase in one-bedroom apartments sales when compared to the previous 12 months.

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