510/85 Market Street

Off Market

510/85 Market Street

South Melbourne VIC 3205

3437 m²

Apartment

Last sold for $500,000

Taylor Sims, last sold this property on 08 October 2025 after 33 days on market.

Overview

Prime South Melbourne Living in the Heart of the Suburb

Perfectly positioned between the iconic South Melbourne Market and the vibrant energy of Clarendon Street, this stylish fifth-floor apartment delivers a lifestyle of unmatched convenience and sophistication. Surrounded by trendy cafés, renowned restaurants, boutique shopping, and effortless tram access, you'll enjoy the best of inner-city living while being part of a welcoming, community-focused neighbourhood. Weekend leisure is never far away-stroll to the Royal Botanic Gardens, Melbourne's premier sporting arenas, or simply soak up the atmosphere at the bustling market just steps from your door. Inside, the thoughtfully designed two-bedroom residence showcases light-filled open-plan living and dining, framed by expansive windows with outlooks across South Melbourne. The gourmet kitchen is a chef's delight, featuring stone benchtops, a waterfall island breakfast bar, soft-close cabinetry, and premium Smeg and Bosch appliances. Sliding doors extend the living space to a generous undercover balcony with sweeping city views-perfect for entertaining or unwinding. Both bedrooms include built-in robes, serviced by a stylish central bathroom with modern finishes. A discreet European laundry adds further practicality. Additional highlights include: • Engineered timber floors throughout • Double glazing for comfort and quiet • Video intercom entry • Secure lift access and welcoming lobby • Basement car space with over-the-bonnet storage Located within the acclaimed 'Teri' development, this is low-maintenance luxury living in an unbeatable position-ideal for professionals, investors, or lifestyle-focused buyers alike. Distances: 75m to South Melbourne Shopping Centre 400m to South Melbourne Market 500m to Clarendon Street Shopping Precinct 750m to Crown Casino Whether it's your first home or a blue-chip investment, this opportunity is not to be missed. Contact Taylor Sims on 0403 485 210 for further details.

Features

2 bedrooms

1 bathroom

1 carspace

1 garage space

3437 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 510/85 Market Street 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 510/85 Market Street

2025

Sold

$500,000

08 Oct 2025 by Taylor Sims, of Ray White Southbank | Melbourne City

2024

Sold

Undisclosed

24 May 2024 by Juanita Kelly, of Woodards Elsternwick

2022

Rented

Undisclosed

Leased on 21 Apr 2022 by Woodards Elsternwick

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, 106 two-bedroom apartments similar to 510/85 Market Street, 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

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Rohan White

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