Back 3114/151 City Rd
Off Market

3114/151 City Rd

Southbank VIC 3006

1
1
51 m²
56 m²
Apartment
Last sold for $387,500
Qiao CaiQiao Cai, last sold this property on 27 March 2018 after 12 days on market.

Overview

Stunning Investment in Southbank Grand

Offering an outstanding investment opportunity high on the 31st floor of the immaculate Southbank Grand complex, this well-appointed and perfectly presented one bedroom apartment is one of the best entry level properties in all of Southbank. Enjoy rental returns of $451 per week and a location near Crown Casino, Arts Centre, Southbank Promenade, and free city trams. Accommodation: It's impossible to fault this excellent apartment, which is filled with natural light and promises floor-to-ceiling windows, quality carpet, and designer fittings and fixtures throughout. Major living highlights include an open and spacious living and meals zone, undercover balcony with sensational west-facing views including glimpses of Port Phillip Bay and the Yarra River, deluxe kitchen with stainless steel Technika and Fisher & Paykel appliances, bedroom with a mirrored built-in robe, and stylish bathroom with full wall tiles and laundry with washer dryer. Features: Ducted heating and cooling, video intercom, NBN and Pay TV ready, 24-hour concierge, access indoor heated pool, gym, and BBQ courtyard. MEDIAN HOUSE OR UNIT PRICE FOR THE SUBURB: $390,000 INDICATIVE SELLING PRICE: $360,000-$390,000 COMPARABLE SALE 1: 1909/180 City Road, Southbank. SOLD $420,000- 02/03/2018- 1 Bed, 1 Bath, 1 Car. COMPARABLE SALE 2: 3009/133 City Road, Southbank. SOLD $356,000- 01/03/2018- 1 Bed, 1 Bath, 0 Car. COMPARABLE SALE 3: 1910/163 City Road, Southbank. SOLD $345,000- 12/02/2018- 1 bed, 1 Bath, 0 Car.

Features

1 bedroom
1 bathroom
51 m² floor area
56 m² lot size
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 3114/151 City Rd is $387.06k.

Median value
$387.06k
Estimated value range
$240k - $730k
Median days on market
43
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 3114/151 City Rd

2018
Sold
$387,500
27 Mar 2018 by Qiao Cai, of MICM

Happy sellers in Southbank

83%
83% 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 95 reviews in Southbank over the last 12 months.

Local market activity for 1 bedroom apartments in Southbank

In the last 12 months, 242 one-bedroom apartments similar to 3114/151 City Rd, have been sold.

This represents a 5% increase in one-bedroom apartments sales when compared to the previous 12 months.

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