123/173 City Road

Off Market

123/173 City Road

Southbank VIC 3006

87.4 m²

0 m²

Apartment

Last sold for $645,000

Jane Sukpanich, last sold this property on 21 May 2026 after 38 days on market.

Overview

Spacious, Stylish and Central in the Perfect Position

A wide-reaching celebration of free-flowing space, this captivating 2 bedroom, 2 bathroom apartment offers sunlit Southbank living at its most engaging. Head downstairs from your 12th floor retreat and stroll to the CBD, riverside restaurants, Crown, Melbourne Square Woolworths, Boyd Community Hub, Mr Summit Cafe, South Melbourne Primary School, and all the vitality of the arts precinct. First home buyers will appreciate the convenience, while savvy investors will pocket the savings in a high-demand neighbourhood. A well-planned layout totalling an impressive 91sqm (approx.) reveals spacious open-plan living and dining underscored by a granite-topped kitchen with a breakfast bar, 4-burner gas cooktop, and a full-sized dishwasher. Floor-to-ceiling glass slides open to a sheltered balcony capturing a soaring skyline backdrop extending across the neighbourhood. Both generously scaled bedrooms feature mirrored built-in robes, serviced by fully tiled bathrooms with marble detailing, while the primary one boasts a bathtub. Comprehensive features include secure car parking, an over-the-bonnet storage cage, Euro laundry with a washing machine and dryer, ducted heating and cooling, motorised blinds in the living room and master suite, roller blinds, recessed down-lighting, and character-rich floorboards underfoot. The Melbourne Tower complex is graced with intercom security, a 24-hour concierge, and resort-inspired use of a heated pool, tennis court, BBQ terrace, and a well-equipped gym. Inspect with certainty! Outgoings: Council Rates: $419.00 per quarter approx. Water Rates: $176.00 per quarter approx. Owners Corporation Fees: $1,343.00 per quarter approx. Potential Rental Income: $742 per week approx. * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Features

2 bedrooms

2 bathrooms

1 carspace

1 garage space

87.4 m² floor area

0 m² lot size

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Southbank over the last 12 months, the estimated median property value of 123/173 City Road is $585k.

Median value

$585k

Estimated value range

$366k - $1.67m

Median days on market

Estimated value trend

-1%

decrease 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 123/173 City Road

2026

Sold

$645,000

21 May 2026 by Jane Sukpanich, of MICM

Happy sellers in Southbank

85%

85% 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 94 reviews in Southbank over the last 12 months.

Local market activity for 2 bedroom apartments in Southbank

In the last 12 months, 453 two-bedroom apartments similar to 123/173 City Road, have been sold.

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

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Southbank for a free market appraisal.

Michael Pastrikos

at Ray White Southbank | Melbourne City

4.9

(304 reviews)

Get a free market appraisal

Natalia Susanti

at MICM

4.9

(370 reviews)

Get a free market appraisal

David Umana

at Ray White Southbank | Melbourne City

4.9

(48 reviews)

Get a free market appraisal

Faith Chang

at MICM

4.9

(277 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Southbank

Michael Pastrikos

Michael Pastrikos is an award winning recommended agent for Southbank. They have 73 local sales and collected 23 local reviews across the last 12 months.