4802/245 City Road

Off Market

4802/245 City Road

Southbank VIC 3006

Apartment

Last sold for $645,000

Max Hui, last sold this property on 11 August 2026 after 42 days on market.

Overview

Elevated Living with Spectacular Bay & City Views

Positioned high on the 48th floor of the sought-after Palladium Tower, this stylish two-bedroom, two-bathroom residence delivers an exceptional inner-city lifestyle with breathtaking panoramic views stretching across Port Phillip Bay and Melbourne's ever-changing skyline. Designed to maximise natural light and space, the open-plan living and dining area is framed by floor-to-ceiling glazing, creating a seamless connection to the spectacular outlook. The contemporary kitchen is beautifully appointed with stone benchtops, quality European appliances and generous storage, making everyday living and entertaining effortless. The thoughtfully designed floorplan offers two spacious bedrooms, including a privately positioned master suite complete with built-in robes and an ensuite. A second modern bathroom, European laundry and secure car space complete this impressive city residence. Residents of Palladium Tower enjoy access to an outstanding selection of resort-style facilities, including a 24-hour concierge, indoor swimming pool, fully equipped gymnasium, sauna and exclusive resident lounges, delivering comfort, convenience and luxury every day. Perfectly positioned on the edge of Melbourne's CBD, you'll be just moments from Crown Entertainment Complex, the Arts Precinct, South Melbourne Market, the Yarra River promenade, Boyd Community Hub, Clarendon Street cafés, public transport and world-class dining, shopping and entertainment.

Features

2 bedrooms

2 bathrooms

1 carspace

1 garage space

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 4802/245 City Road is $585k.

Median value

$585k

Estimated value range

$370k - $2.05m

Median days on market

Estimated value trend

decrease 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 4802/245 City Road

2026

Sold

$645,000

11 Aug 2026 by Max Hui, of Ray White Southbank | Melbourne City

2024

Rented

Undisclosed

Leased on 03 Jul 2024 by Dingle Partners

Happy sellers in Southbank

85%

85% 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 86 reviews in Southbank over the last 12 months.

Local market activity for 2 bedroom apartments in Southbank

In the last 12 months, 445 two-bedroom apartments similar to 4802/245 City Road, have been sold.

This represents a 17% 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

(306 reviews)

Get a free market appraisal

Natalia Susanti

at MICM

4.9

(375 reviews)

Get a free market appraisal

David Umana

at Ray White Southbank | Melbourne City

4.9

(49 reviews)

Get a free market appraisal

Faith Chang

at MICM

4.9

(277 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 72 local sales and collected 25 local reviews across the last 12 months.