503/97 Palmerston Crescent

Off Market

503/97 Palmerston Crescent

South Melbourne VIC 3205

Apartment

John Chartres, last sold this property on 15 May 2025 after 35 days on market.

Overview

Urban Sanctuary with Breathtaking City Views

Showcasing stunning skyline views from the iconic 'Orbis' building by award-winning ARM Architects, this fifth-floor apartment in a desirable pocket of South Melbourne, is a standout opportunity for first home buyers or savvy investors (approx. 6% return). The light-filled and north-facing open plan living area extends seamlessly to an undercover balcony from the sleek, stone-finished kitchen, equipped with integrated dishwasher, catering to both culinary and entertaining enthusiasts alike. The generous bedroom features built-in robes and is complemented by a contemporary mosaic-tiled central bathroom, whilst the second bedroom can be used both as a home office or bedroom. Including split-system heating and cooling, secure basement parking for two cars, and two storage cages. Enjoy this ideal first-home or secure investment with proximity to Albert Park Lake, Clarendon Street's vibrant shopping and café precinct, South Melbourne Market, and effortless access to city-bound trams.

Features

2 bedrooms

1 bathroom

2 carspaces

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 503/97 Palmerston Crescent is $615k.

Median value

$615k

Estimated value range

$425k - $1.31m

Median days on market

Estimated value trend

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 503/97 Palmerston Crescent

2025

Sold

Undisclosed

Private Sale/Treaty on 15 May 2025 by John Chartres, of Thomson Malvern

2023

Rented

Undisclosed

Leased on 08 Oct 2023 by LongView Real Estate

Happy sellers in South Melbourne

62%

62% 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 19 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 503/97 Palmerston Crescent, have been sold.

This represents a 6% 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 South Melbourne for a free market appraisal.

Rohan White

at Buxton Port Phillip - Port Melbourne

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Nearby agents

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

Rohan White

Rohan White is an award winning recommended agent for South Melbourne. They have 17 local sales and collected 13 local reviews across the last 12 months.