508/38 Bank St

Off Market

508/38 Bank St

South Melbourne VIC 3205

Apartment

John Manning, last sold this property on 03 November 2025 after -9 days on market.

Overview

SOLD OFF MARKET BY JOHN MANNING - Spacious, Bright and Perfectly Positioned Apartment!

Investors note: Renter paying $540PW Generously proportioned and drenched in natural light, this beautifully updated apartment is perfectly positioned within the highly sought-after Capri complex, known for its resort-style amenities and unbeatable South Melbourne location. Step inside to discover a spacious open-plan living and dining area, enhanced by split-system heating and cooling, and framed by floor-to-ceiling glass doors that open onto a charming private balcony. The refreshed kitchen features marble-look benchtops, excellent storage, and quality stainless steel appliances including gas cooking and a dishwasher-ideal for effortless entertaining or everyday living. The bright and airy bedroom is fitted with mirrored built-in robes, while the sparkling central bathroom includes a shower over bath and a convenient European laundry. Additional features include secure intercom entry, lift access, a single underground car space, and a private storage cage. Set in a tranquil pocket of South Melbourne, you'll enjoy easy access to St Kilda Road trams, local cafés and dining hotspots, the lush greenery of the Royal Botanic Gardens, Melbourne's vibrant Arts Precinct, and the iconic South Melbourne Market.

Features

1 bedroom

1 bathroom

1 carspace

1 open car space

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in South Melbourne over the last 12 months, the estimated median property value of 508/38 Bank St is $436k.

Median value

$436k

Estimated value range

$290k - $630k

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 508/38 Bank St

2025

Rented

Undisclosed

Leased on 26 Nov 2025 by Belle Property St Kilda

2025

Sold

Undisclosed

03 Nov 2025 by John Manning, of Belle Property St Kilda

2024

Rented

Undisclosed

Leased on 05 Dec 2024 by Belle Property St Kilda

Happy sellers in South Melbourne

60%

60% 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 1 bedroom apartments in South Melbourne

In the last 12 months, 72 one-bedroom apartments similar to 508/38 Bank St, have been sold.

This represents a 3% increase in one-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

4.9

(365 reviews)

Get a free market appraisal

Stefan Joannides

at Belle Property Albert Park

4.8

(7 reviews)

Get a free market appraisal

Jon Kett

at Jellis Craig Port Melbourne

4.9

(347 reviews)

Get a free market appraisal

Moses Habib

at Belle Property St Kilda

4.9

(92 reviews)

Get a free market appraisal

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 18 local sales and collected 12 local reviews across the last 12 months.