Back 4907/245 City Road
Off Market

4907/245 City Road

Southbank VIC 3006

2
1
Apartment
Last sold for $501,000
Jolene TanJolene Tan, last sold this property on 17 March 2026 after 320 days on market.

Overview

Sub-penthouse in luxury Southbank building!

• Sub-penthouse level apartment on the 49th floor of the iconic Palladium Building • Awe-Inspiring Bay Views • Two spacious bedrooms with mirrored built-in robes • Light-filled open plan living and dining area flowing onto private balcony • Contemporary kitchen with stone benchtops, gas cooktop, oven, rangehood and dishwasher • Fully tiled central bathroom plus Euro-style laundry • Secure intercom entry and on-site concierge • Access to resort-style facilities including heated indoor pool and fully equipped gym • Positioned moments from Crown, South Melbourne Market, and public transport Perched high on the 49th floor, this sub-penthouse residence at 4907/245 City Road delivers an exceptional combination of elevation, sophistication, and inner-city convenience. Designed for those who appreciate space and style, the apartment opens to a sun-drenched open-plan living and dining area framed by floor-to-ceiling glass, seamlessly connecting to a private balcony showcasing panoramic city and bay views. The sleek kitchen serves as the centrepiece of the home, featuring premium stainless-steel appliances, gas cooktop, ample cabinetry, and elegant stone finishes-perfect for everyday living or entertaining guests. Two generous bedrooms offer mirrored built-in robes, while the modern bathroom and separate European-style laundry enhance everyday functionality. Residents of this sought-after complex enjoy exclusive access to first-class amenities including a heated indoor pool, state-of-the-art gym, and 24-hour concierge. Set in the heart of Southbank, you're surrounded by world-class dining and entertainment at Crown, the vibrant South Melbourne Market, arts and cultural landmarks, and effortless city access via nearby trams and Southern Cross Station. Experience elevated city living at its finest-luxury, lifestyle, and location converge high above Melbourne's skyline.

Features

2 bedrooms
1 bathroom
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 4907/245 City Road is $573.33k.

Median value
$573.33k
Estimated value range
$366k - $1.67m
Median days on market
49
Estimated value trend
-4%
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 4907/245 City Road

2026
Sold
$501,000
17 Mar 2026 by Jolene Tan, of Ray White Southbank | Melbourne City
2025
Rented
Undisclosed
Leased on 12 May 2025 by Ray White CRE

Happy sellers in Southbank

84%
84% 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 93 reviews in Southbank over the last 12 months.

Local market activity for 2 bedroom apartments in Southbank

In the last 12 months, 462 two-bedroom apartments similar to 4907/245 City Road, have been sold.

This represents a 13% increase in two-bedroom apartments sales when compared to the previous 12 months.

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