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Back 5/98 Wells Street
Off Market

5/98 Wells Street

Southbank VIC 3006

2
1
1
83 m²
0 m²
Apartment
Last sold for $665,000
James YueJames Yue, last sold this property on 18 September 2025 after 52 days on market.

Overview

Boutique Southbank Retreat in a Peaceful Pocket

Located in idyllic resort-style surrounds, this captivating 2 bedroom apartment will instantly impress with an abundance of space stretching out in natural sunlight. Venture downstairs and the best of Melbourne is ready to explore. Soaking up surprising serenity in a low-rise Southbank precinct, take a short stroll to the Royal Botanic Gardens, local cafes and eateries, Woolworths, choice of tram routes, Anzac trains, and all the vibrancy of the arts precinct. The air-conditioned comfort of spacious open-plan living and dining is underpinned by a sparkling kitchen with a breakfast bar and a 4-burner gas cooktop. Set on the first floor of the tightly held Southbank Royale, step outside to your own east-facing undercover balcony privately perched among the treetops and capturing the gentle warmth of morning sunlight. Both mirror-robed bedrooms are naturally lit and substantial in size, serviced by a central bathroom with a shower over a bathtub. Comprehensive features include secure parking, a large European laundry with a wall-mounted dryer, separate WC, split-system heating and cooling, and roller blinds. Southbank Royale comes complete with intercom entry, a spectacular garden, and exclusive use of a swimming pool, well-equipped gym, tennis court, and a BBQ terrace. Inspect today! * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
83 m² floor area
0 m² lot size
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 5/98 Wells Street 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 5/98 Wells Street

2025
Sold
$665,000
Private Sale/Treaty on 18 Sep 2025 by James Yue, of MICM

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, 458 two-bedroom apartments similar to 5/98 Wells Street, have been sold.

This represents a 14% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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

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Natalia Susanti

Natalia Susanti is a recommended agent for Southbank.  They have 24 local sales and collected 22 local reviews across the last 12 months.

  •   4.9   (366 reviews)
  •  22 Reviews in Southbank
  •  24 Sales in Southbank
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Michael Pastrikos

Michael Pastrikos is an award winning recommended agent for Southbank.  They have 78 local sales and collected 21 local reviews across the last 12 months.

  •   4.9   (300 reviews)
  •  21 Reviews in Southbank
  •  78 Sales in Southbank
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Faith Chang

Faith Chang is a recommended agent for Southbank.  They have 34 local sales and collected 16 local reviews across the last 12 months.

  •   4.9   (277 reviews)
  •  16 Reviews in Southbank
  •  34 Sales in Southbank
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David Umana

David Umana is a recommended agent for Southbank.  They have 25 local sales and collected 11 local reviews across the last 12 months.

  •   4.9   (45 reviews)
  •  11 Reviews in Southbank
  •  25 Sales in Southbank
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