Back 2006/245 City Road
Off Market

2006/245 City Road

Southbank VIC 3006

1
1
1
Apartment
Last sold for $445,000
David UmanaDavid Umana, last sold this property on 25 July 2025 after 22 days on market.

Overview

Palladium Tower Haven with Far-Reaching Views

- Modern 1-bedroom apartment in the sought-after Palladium Tower complex. - Situated on the 20th floor, with far-reaching views toward Port Phillip Bay. - Dedicated basement parking space and storage cage. - $600 per week rental return - Open plan layout, with spacious living/meals area and well-equipped kitchen. - Stylish bathroom with rain shower, mirrored storage & European-style laundry. - Well-sized, carpeted bedroom with the convenience of built-in robes. - Additional highlights include split system heating/cooling & secure intercom entry. - Onsite amenities include an indoor pool, gym, sauna & lounge. Looking out across Southbank's dynamic city streetscape to the sparkling waters of Port Phillip Bay, this low-maintenance home-in-the-sky delivers all the essentials for an enviable lock-and-leave lifestyle. Situated on the 20th floor of the sought-after Palladium Tower, its modern, light-filled interiors provide a serene retreat from the hustle and bustle below, whilst onsite resort-style amenities and proximity to the area's vibrant attractions ensure a lifestyle beyond compare. Open plan in layout and enhanced by a host of premium fixtures and finishes, accommodation includes a spacious living/meals area, a smartly-appointed kitchen with quality appliances - including a gas cooktop and semi-integrated dishwasher - and a stylish bathroom with rain shower and mirrored face-height storage. Built-in wardrobes can be found in the well-sized, carpeted bedroom - there is also a European-style laundry, balcony, split system heating/cooling and secure intercom entry along with a basement parking space & storage cage. Enhancing the apartment's already enormous appeal is exclusive access to a residents' gym, indoor pool, sauna and lounge, while a 24-hour concierge service is provided for added peace of mind. And when it comes to locations, Palladium Tower is an address that is certainly hard to beat. Nearby attractions include the Crown Entertainment Complex, Melbourne's Art Precinct and the South Melbourne Market. The CBD is also easily accessible for an effortless workday commute, a night at the theatre or dinner with friends.

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
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 2006/245 City Road 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 2006/245 City Road

2025
Sold
$445,000
Auction Sale on 25 Jul 2025 by David Umana, of Ray White Southbank | Melbourne City
2024
Rented
Undisclosed
Leased on 05 Jun 2024 by Harcourts Move
2023
Rented
Undisclosed
Leased on 14 Jun 2023 by 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 93 reviews in Southbank over the last 12 months.

Local market activity for 1 bedroom apartments in Southbank

In the last 12 months, 232 one-bedroom apartments similar to 2006/245 City Road, have been sold.

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

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