3201/245 City Road

Off Market

3201/245 City Road

Southbank VIC 3006

63 m²

Apartment

Last sold for $550,000

Lachie Kelly, last sold this property on 06 October 2026 after 41 days on market.

Overview

A City-View Retreat at Palladium Tower

- Two-bedroom, one-bathroom residence in the landmark Palladium Tower - Bright open-plan living and dining with timber flooring - Expansive city views enjoyed from the apartment's private balcony - Stone-finished kitchen with quality appliances and excellent storage - Two generous bedrooms with mirrored built-in robes - Modern central bathroom and European laundry - Split-system heating and cooling, plus secure intercom access - Indoor pool, gym, steam room and outdoor terrace with BBQ facilities Discover a stylish city residence within Palladium Tower, where a striking Melbourne skyline outlook, contemporary finishes and exceptional resident facilities combine to create a compelling Southbank lifestyle. Filled with natural light, the open-plan living and dining is framed by full-height windows that place the cityscape at centre stage. Timber flooring brings warmth and definition to the space, while the outlook creates a dynamic backdrop from day through to night. The kitchen is both refined and functional, appointed with stone surfaces, quality appliances and ample cabinetry. The two bedrooms each feature mirrored built-in robes, while the main bedroom captures a stunning outlook across Melbourne's city skyline. A modern central bathroom, European laundry, split-system heating and cooling, and secure intercom entry provide everyday comfort and convenience. Palladium Tower extends the lifestyle well beyond the apartment. Residents can enjoy a swim in the indoor pool, work out in the gym, unwind in the steam room, or gather with friends on the outdoor terrace with BBQ facilities. Resident entertaining spaces further enhance the building's resort-style amenity offering. From this central City Road address, Crown, Southbank Promenade, the Arts Precinct, South Melbourne Market and the CBD are all close by, along with trams, riverside trails and everyday convenience at the ground-floor Woolworths Metro. It is an ideal choice for owner-occupiers seeking a low-maintenance city base or investors looking for enduring appeal in one of Southbank's most connected locations.

Features

2 bedrooms

1 bathroom

1 carspace

1 carport space

63 m² floor area

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 3201/245 City Road is $585k.

Median value

$585k

Estimated value range

$370k - $2.05m

Median days on market

Estimated value trend

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 3201/245 City Road

2026

Sold

$550,000

06 Oct 2026 by Lachie Kelly, of Ray White Southbank | Melbourne City

2022

Rented

Undisclosed

Leased on 11 Oct 2022 by Dingle Partners

Happy sellers in Southbank

82%

82% 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 76 reviews in Southbank over the last 12 months.

Local market activity for 2 bedroom apartments in Southbank

In the last 12 months, 426 two-bedroom apartments similar to 3201/245 City Road, have been sold.

This represents a 27% 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

(308 reviews)

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Natalia Susanti

at MICM

4.9

(377 reviews)

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Faith Chang

at MICM

4.9

(277 reviews)

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Gus Kosasih

at iProperty Melbourne

(96 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 24 local reviews across the last 12 months.