Back 201/28 Bank St
Off Market

201/28 Bank St

South Melbourne VIC 3205

2
1
1
85 m²
0 m²
Apartment
Last sold for $690,000
Jason LiJason Li, last sold this property on 04 March 2026 after 125 days on market.

Overview

Chic Apartment with communal garden

Perfectly positioned on quiet Bank Street between the Shrine of Remembrance and Kings Way, this stylish South Melbourne apartment offers a unique blend of urban convenience and homely comfort. Set at the rear of podium level 2, it enjoys a tranquil, private patio with direct, keyless access to premium communal facilities — including a full-size tennis court, indoor pool, and fully equipped gym only metres away from the patio gate. To the right, further amenities include outdoor group seating and BBQ facilities, which continue onto two expansive separate garden areas. A rare inner-city perk, residents can join the building’s gardening group to partake in a communal herb and veggie patch - a terrific way to make friends and enjoy fresh produce all year round. An established patio pet flap makes this home ideal for animal lovers, giving your furry friend easy access to your courtyard. Inside, the sleek, automated kitchen impresses with fully integrated Miele, Bosch and Liebherr appliances, providing a luxurious, stylish zone for seamless preparing and hosting, including a hidden automated hands-free bin - all designed for hygienic, convenient, and modern living. Recently installed is a 5-stage Reverse Osmosis filtration system, providing removal of up to 99% of bacteria, chemicals, heavy metals and sediments. The kitchen adjoins the open plan lounge room with stylish polished concrete-look floors and reverse cycle split system air conditioner. The primary bedroom features a new ceiling fan and colourful feature wall, while the second bedroom/study enjoys an even more relaxing, peaceful view of the private patio greenery. The bathroom is positioned for convenient access from both bedrooms with a laundry cupboard for washer and dryer, shower over bath, and large, secure overhead cabinet for extra storage. Offering unique style, practicality and a sense of community, this apartment stands out as a chic urban retreat on the South Melbourne/Southbank fringe. Key features: •    Private courtyard; one of only 4 units with direct, keyless access to amenities •    Full-size tennis court, heated indoor pool, gym and BBQ •    Communal veggie patch and friendly gardening committee •    One secure car space, with convenient access from Bank Street ground floor entrance. •    Sleek, automated kitchen with automated and integrated appliances •    Pet-friendly with existing cat/dog flap •    Peaceful rear position between Shrine of Remembrance and Kings Way Outgoings: Council Rates: $340.00 per quarter approx. Water Rates: $176.00 per quarter approx. Owners Corporation Fees: $1,100.00 per quarter approx. Potential Rental Income: $750 per week approx.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
85 m² floor area
0 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in South Melbourne over the last 12 months, the estimated median property value of 201/28 Bank St is $615k.

Median value
$615k
Estimated value range
$425k - $1.31m
Median days on market
34
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Melbourne. 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 201/28 Bank St

2026
Sold
$690,000
04 Mar 2026 by Jason Li, of MICM
2022
Sold
$660,000
24 Jan 2022 by Jason Li, of MICM
2017
Sold
$585,000
Private Sale/Treaty on 13 May 2017 by Matthew Grima, of Marshall White - Stonnington

Happy sellers in South Melbourne

62%
62% of sellers in South Melbourne reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 19 reviews in South Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in South Melbourne

In the last 12 months, 107 two-bedroom apartments similar to 201/28 Bank St, have been sold.

This represents a 6% increase in two-bedroom apartments sales when compared to the previous 12 months.

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