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Back 503/163 City Rd
Off Market

503/163 City Rd

Southbank VIC 3006

2
1
1
110 m²
0 m²
Apartment
Last sold for $550,000
Sunday HuSunday Hu, last sold this property on 03 December 2025 after 30 days on market.

Overview

Spectacular Alfresco Retreat with a Breathtaking City Aspect

An elevated offering of northeast-facing style, this spacious 2 bedroom apartment delivers soaring city views on an oversized outdoor terrace. Make your way downstairs and the central Southbank setting speaks for itself. Take full advantage with a short walk to the arts precinct, Crown, Melbourne Square Woolworths, Boyd Community Hub, popular local cafes, riverside restaurants, Flinders Street trains, and the vibrant CBD itself. Discover wide-reaching open-plan living and dining, warmed by a high-performing Arlec electric fireplace. A granite-topped kitchen is neatly presented in its own zone with the inclusion of stainless-steel appliances including a full-sized dishwasher and a 4-burner gas cooktop. Perched on the fifth floor of the stylish Summit building, slide open floor-to-ceiling glass and instantly relax on the star of the show. A vast terrace spans the entire width of the apartment, stretching out in the all-day warmth of northern sun. Featuring more than enough space to assemble the full suite of outdoor settings, this private alfresco sanctuary is a true game-changer with the striking city skyline rising above with the majestic Shrine of Remembrance to the east. The large bedrooms are serenely separated by the living space, serviced by mirrored robes and a sparkling bathroom boasting a fully tiled shower area over a bathtub. A master suite is graced with roomy walk-robes and a private study, ideal for students or working from home. Comprehensive features include secure car parking, a handy storage cage, laundry capacity with a wall-mounted dryer, split-system heating and cooling, double glazing, and flowing curtains. The recently refurbished Summit complex comes complete with video intercom entry, a 24/7 concierge, and resort-inspired use of an indoor heated pool and a fully equipped gym. Outgoings: Council Rates: $351.50 per quarter approx. Water Rates: $176.08 per quarter approx. Owners Corporation Fees: $1,509.75 per quarter approx. Potential Rental Income: $700 per week approx. * 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
110 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 503/163 City Rd 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 503/163 City Rd

2025
Sold
$550,000
03 Dec 2025 by Sunday Hu, of MICM
2023
Sold
$535,000
10 Jan 2023 by Jason Li, of MICM

Happy sellers in Southbank

83%
83% 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 91 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 503/163 City Rd, 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 79 local sales and collected 20 local reviews across the last 12 months.

  •   4.9   (299 reviews)
  •  20 Reviews in Southbank
  •  79 Sales in Southbank
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Faith Chang

Faith Chang is a recommended agent for Southbank.  They have 35 local sales and collected 16 local reviews across the last 12 months.

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

David Umana is a recommended agent for Southbank.  They have 26 local sales and collected 11 local reviews across the last 12 months.

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