Back 501/28 Bank Street
Off Market

501/28 Bank Street

South Melbourne VIC 3205

2
2
1
83 m²
0 m²
Apartment
Last sold for $712,000
Jason LiJason Li, last sold this property on 25 June 2025 after 12 days on market.

Overview

Renovated North-Facing Excellence with Stunning Views

Immersed in the all-day warmth of northern light, this impeccable 2 bedroom, 2 bathroom apartment is fully renovated with a spectacular focus on style, space and luxury. From your doorstep, embrace a stellar South Melbourne neighbourhood with convenience at its core. Simply stroll to the vibrant arts precinct, popular local restaurants, the Royal Botanic Gardens, Albert Park Lake, leading schools, Woolworths shopping, Anzac trains, and trams to the city or a bay beach. This is a location to treasure! Prepare yourself for an overwhelming feeling of north-facing space with designated zones for open-plan living and dining. A stylish timber-topped kitchen is equipped with a breakfast bar, soft-closing cabinetry, tiled splashback, a large sink with retractable tapware, and upgraded stainless-steel appliances including a Bosch oven and a 4 burner gas cooktop. Set on the fifth floor of the tightly held Parkside complex, relax, dine and entertain on an undercover north-facing balcony showcasing views towards the city skyline with iconic Eureka Tower and Australia 108 forming a soaring centrepiece. This alfresco perch is a true game-changer! Peacefully separated by the living space, the generously sized and robed bedrooms are filled with light, superbly serviced by a primary bathroom boasting floor-to-ceiling tiles and a shower over a bathtub. The master suite is graced with palatial walk-in robes and a fully tiled ensuite. Enriched by the addition of a large laundry room and perfectly placed storage solutions throughout, the long list of special features is exemplary. Take advantage of secure car parking, split-system heating and cooling, lightly toned floorboards, Venetian blinds, and recessed down-lighting. Prestigious Parkside is graced with intercom entry and resort-inspired access to a 25m indoor lap pool, tennis court, a fully equipped gym, and a BBQ terrace. Act quickly as this rejuvenated retreat will be popular! * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today. Outgoings: Council Rates: $365.00 per quarter approx. Water Rates: $170.00 per quarter approx. Owners Corporation Fees: $1,734.00 per quarter approx. Potential Rental Income: $720 per week approx.

Features

2 bedrooms
2 bathrooms
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 South Melbourne over the last 12 months, the estimated median property value of 501/28 Bank Street is $615k.

Median value
$615k
Estimated value range
$425k - $1.31m
Median days on market
34
Estimated value trend
2%
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 501/28 Bank Street

2025
Sold
$712,000
25 Jun 2025 by Jason Li, of MICM
2015
Sold
$593,000
28 Jun 2015

Happy sellers in South Melbourne

59%
59% 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 18 reviews in South Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in South Melbourne

In the last 12 months, 107 two-bedroom apartments similar to 501/28 Bank Street, have been sold.

This represents a 6% increase in two-bedroom apartments sales when compared to the previous 12 months.

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