4506/245 City Road

Off Market

4506/245 City Road

Southbank VIC 3006

52 m²

Apartment

Last sold for $345,000

Michael Pastrikos, last sold this property on 20 September 2026 after 69 days on market.

Overview

Contemporary Inner-City Residence with Impressive Bay Views

• Elevated Palladium Tower residence • Sweeping views across Port Phillip Bay • Floor-to-ceiling windows throughout • Spacious open plan living and dining area • Contemporary stone kitchen with quality appliances • Timber flooring throughout • Generous bedroom with mirrored built-in robes • Central bathroom with modern finishes • Concealed European laundry • Split-system heating and cooling • Indoor pool, gym and steam room • Walk to Crown, South Melbourne Market and the CBD Positioned high within Palladium Tower, this one-bedroom residence captures sweeping views across Port Phillip Bay while offering a well-balanced layout suited to modern inner-city living. Combining generous proportions with a central Southbank location, it presents broad appeal for both owner-occupiers and investors seeking quality, convenience and long-term value. The open plan living and dining area delivers a sense of scale, with full-height windows framing panoramic views across Port Phillip Bay. Timber flooring enhances the contemporary interiors, while the kitchen forms the centrepiece of the home with premium integrated appliances, a stone benchtop, generous storage and refined finishes. The considered layout creates a seamless connection between the kitchen, dining and living areas, providing a practical setting for everyday living and entertaining. The bedroom is thoughtfully positioned with floor-to-ceiling windows and mirrored built-in robes, creating a light-filled and practical retreat. The centrally located bathroom features contemporary finishes including floor-to-ceiling tiling, a frameless glass shower, generous vanity storage and a concealed European laundry, complemented by split-system heating and cooling for year-round comfort. Residents enjoy access to a range of quality facilities including an indoor pool, fully equipped gym, steam room and resident entertaining spaces. Positioned just moments from Crown Entertainment Complex, the Metro Woolworths, the Arts Precinct, South Melbourne Market, riverside walking trails and the CBD, this is an outstanding opportunity to enjoy the convenience and lifestyle that make Southbank one of Melbourne's most sought-after locations.

Features

1 bedroom

1 bathroom

52 m² floor area

52 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 4506/245 City Road is $386.25k.

Median value

$386.25k

Estimated value range

$240k - $725k

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 4506/245 City Road

2026

Sold

$345,000

20 Sep 2026 by Michael Pastrikos, of Ray White Southbank | Melbourne City

2025

Rented

Undisclosed

Leased on 01 Apr 2025 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 71 reviews in Southbank over the last 12 months.

Local market activity for 1 bedroom apartments in Southbank

In the last 12 months, 212 one-bedroom apartments similar to 4506/245 City Road, have been sold.

This represents a 30% increase in one-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

(309 reviews)

Get a free market appraisal

Natalia Susanti

at MICM

4.9

(377 reviews)

Get a free market appraisal

Gus Kosasih

at iProperty Melbourne

(96 reviews)

Get a free market appraisal

David Umana

at Ray White Southbank | Melbourne City

4.9

(49 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 77 local sales and collected 25 local reviews across the last 12 months.