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505/97 Palmerston Crescent

South Melbourne VIC 3205

1
1
Apartment
Currently for sale - view listing

Overview

Architectural Style in a Walk-Everywhere South Melbourne Setting

- - - Please call Jake on 0450 660 235 to arrange a private inspection - - - Positioned on the fifth floor of the iconic Orbis building, this modern one-bedroom apartment offers a stylish, low-maintenance lifestyle in one of South Melbourne's most convenient locations. Currently vacant and ready for immediate occupation, the apartment is an appealing choice for first-home buyers, city professionals or investors seeking a well-located addition to their portfolio. The property is expected to achieve approximately $500 per week if leased. Timber flooring flows through the open-plan living and dining area, complemented by split-system heating and cooling. The streamlined kitchen features excellent cabinetry, stone benchtops, an electric cooktop, Miele oven and integrated dishwasher, plus a concealed European laundry, while the adjoining sheltered balcony provides a private space for a morning coffee or evening drink. The generously proportioned bedroom includes extensive full-height built-in robes, while the contemporary bathroom offers a large walk-in shower and mirrored storage. Designed by award-winning ARM Architecture, the Orbis building is immediately recognisable for its striking sculptural façade and secure, modern environment. The location places you within easy reach of Clarendon Street's cafés, restaurants and shops, South Melbourne Market, Albert Park Lake, MSAC, the Royal Botanic Gardens and the arts and entertainment precincts of Southbank. Tram services along Park Street, Kings Way and Clarendon Street provide convenient access to the CBD and surrounding suburbs, with the new Anzac Station also nearby. Property features include: -Vacant possession and ready to occupy -Estimated rental return of approximately $500 per week -Generous bedroom with extensive built-in robes -Open-plan living and dining area -Modern kitchen with Miele oven and integrated dishwasher -Contemporary bathroom with walk-in shower -Concealed European laundry -Sheltered private balcony -Split-system heating and cooling -Timber flooring through the living areas -Secure building entry and lift access -Iconic building designed by ARM Architecture - - - - - - - - - - - - - - - - DISCLAIMER: All stated dimensions and distances are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Purchaser to make their own enquiries. Please refer to the Buyer Due Diligence Checklist available at https://www.consumer.vic.gov.au/duediligencechecklist. Photographs displayed may have been enhanced, including for colour/light balancing, and are for illustrative purposes only.

Features

1 bedroom
1 bathroom
Apartment

Property history for 505/97 Palmerston Crescent

2024
Rented
Undisclosed
Leased on 19 Feb 2024 by Banksia Property Agency

Happy sellers in South Melbourne

<50%
50% 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 22 reviews in South Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in South Melbourne

In the last 12 months, 74 one-bedroom apartments similar to 505/97 Palmerston Crescent, have been sold.

This represents a 16% increase in one-bedroom apartments sales when compared to the previous 12 months.

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