416/338 Kings Way

Off Market

416/338 Kings Way

South Melbourne VIC 3205

1415 m²

Apartment

Last sold for $350,000

Daniel Milhe, last sold this property on 02 March 2026 after 20 days on market.

Overview

Perfectly Placed Living Between the City and the Bay

• 100m From Albert Park Lake • 300m From New ANZAC Station • Moments from Albert Park Golf Course, where dogs can be walked off-leash at any time • Minutes from the Royal Botanic Gardens, Albert Park Lake and Melbourne's arts/sporting hubs • Direct access to the CBD & St Kilda Road precinct • Bathed in natural sunlight • Large light filled balcony with Southbank views • Large bedroom featuring mirrored built-In robes • Contemporary bathroom with European laundry • Secure basement car parking and storage cage on title • Low maintenance apartment with secure entry & lift access Approximate Rental Value at $550 - $580 per week. Step into a refined city-fringe lifestyle with this perfectly positioned one-bedroom apartment on Level 4 of the sought-after Silverleaf building, where contemporary design meets everyday ease. Timber flooring flows throughout the light-filled interior, while the sleek kitchen is thoughtfully appointed with quality appliances, stone benchtops, an integrated fridge/freezer and a striking mirrored splashback, creating a space that is as functional as it is stylish. The modern bathroom incorporates a European laundry, delivering smart practicality without compromising on design. Extending the living space outdoors, a large balcony soaked in afternoon sunlight captures sweeping views toward Southbank's glittering skyline. An ideal setting to unwind or entertain. Enjoy morning strolls around Albert Park Lake, relax at the Botanical Gardens, and take advantage of tram access, cafés, restaurants, and shopping just moments away. With MSAC, Lakeside Stadium, Clarendon Street, and the South Melbourne Market all within easy reach. An exceptional opportunity to embrace a lifestyle, or investment opportunity where city sophistication, parkland serenity and unrivalled connectivity come together.

Features

1 bedroom

1 bathroom

1 carspace

1 garage space

1415 m² lot size

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in South Melbourne over the last 12 months, the estimated median property value of 416/338 Kings Way is $436k.

Median value

$436k

Estimated value range

$290k - $630k

Median days on market

Estimated value trend

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 416/338 Kings Way

2026

Sold

$350,000

02 Mar 2026 by Daniel Milhe, of Ray White Southbank | Melbourne City

2017

Sold

$360,000

Private Sale/Treaty on 11 Apr 2017

Happy sellers in South Melbourne

52%

52% 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 1 bedroom apartments in South Melbourne

In the last 12 months, 71 one-bedroom apartments similar to 416/338 Kings Way, have been sold.

This represents a 3% increase in one-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in South Melbourne

Rohan White

Rohan White is an award winning recommended agent for South Melbourne. They have 20 local sales and collected 10 local reviews across the last 12 months.