Back 2003/245 City Road
Off Market

2003/245 City Road

Southbank VIC 3006

2
2
Apartment
Robert EggersRobert Eggers, last sold this property on 13 November 2025 after 105 days on market.

Overview

Stylish City Living Exceptional Investment or Airbnb Opportunity

Perfectly suited to the owner-occupier ready to move in, or the astute investor seeking strong rental demand or short-stay potential, this beautifully appointed two-bedroom, two-bathroom apartment in the sought-after Palladium Tower offers premium living with first-class resident facilities. The spacious open plan living and dining area features sleek timber floors and floor-to-ceiling windows flowing onto a private balcony. The gourmet kitchen is equipped with quality Miele gas cooking, built-in microwave, Bosch dishwasher, stone benchtops, and glass splashbacks. Both carpeted bedrooms include mirrored built-in robes, with the main bedroom enjoying its own ensuite. A stylish central bathroom, Euro laundry, and split-system heating/cooling complete the picture of modern comfort. Residents enjoy exclusive access to an infinity pool, fully equipped gym, sauna, 24-hour concierge, and the convenience of a ground-floor Woolworths with direct building access. Located just moments from the Crown Entertainment Complex, Melbourne's Arts Precinct, South Melbourne Market, Clarendon Street cafés, and the CBD this property combines lifestyle, luxury, and investment appeal in one exceptional package.

Features

2 bedrooms
2 bathrooms
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 2003/245 City Road is $572.5k.

Median value
$572.5k
Estimated value range
$366k - $1.67m
Median days on market
49
Estimated value trend
-5%
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 2003/245 City Road

2026
Rented
Undisclosed
Leased on 19 Feb 2026 by MRE
2025
Sold
Undisclosed
Private Sale/Treaty on 13 Nov 2025 by Robert Eggers, of Dingle Partners

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 92 reviews in Southbank over the last 12 months.

Local market activity for 2 bedroom apartments in Southbank

In the last 12 months, 460 two-bedroom apartments similar to 2003/245 City Road, have been sold.

This represents a 14% increase in two-bedroom apartments sales when compared to the previous 12 months.

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