511/338 Kings Way

Off Market

511/338 Kings Way

South Melbourne VIC 3205

43 m²

0 m²

Apartment

Last sold for $325,000

Jason Li, last sold this property on 05 January 2026 after 24 days on market.

Overview

Sunlit Silverleaf Sophistication in a Tranquil Rear Position

Serenely set at the rear, this ultra-stylish 1 bedroom apartment (with parking and a storeroom) is comfort, convenience and cutting-edge class all rolled into one. Head downstairs and the best of Melbourne is waiting to explore from your doorstep. Take an easy stroll to Albert Park Lake, St Kilda Road trams, Anzac trains, the arts precinct, MSAC, South Melbourne Primary School, shopping choice, and fresh South Melbourne Market produce. A stone-finished kitchen is chef friendly with a pull-out pantry, mirrored splashback, soft-closing cabinetry, a Smeg convection microwave oven/4-burner gas cooktop, and an integrated Fisher and Paykel fridge/freezer and a dish-drawer. Perched on the 5th floor of the sought-after Silverleaf complex, spacious open-plan living and dining flows to an undercover balcony with sweeping neighbourhood views. The generously sized and light-filled bedroom is serviced by built-in robes and a fully tiled bathroom with a frameless shower, stone-topped vanity, and mirrored cabinetry. Comprehensive features include a European laundry, secure car parking, a handy same-level storeroom, ducted heating and cooling, rich American oak flooring, recessed down-lighting, roller blinds, and the security of an individual Yale front door lock. Silverleaf is graced with intercom entry, a plush foyer, lift access, and an onsite building manager. Inspect with confidence! * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today. Outgoings Council Rates: $202.00 per quarter approx. Water Rates: $172.00 per quarter approx. Owners Corporation Fees: $765.00 per quarter approx. Potential Rental Income: $450 per week approx.

Features

1 bedroom

1 bathroom

1 carspace

1 garage space

43 m² floor area

0 m² lot size

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 511/338 Kings Way 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 511/338 Kings Way

2026

Sold

$325,000

05 Jan 2026 by Jason Li, of MICM

2023

Rented

Undisclosed

Leased on 16 Jan 2023 by Frederick Property

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 1 bedroom apartments in South Melbourne

In the last 12 months, 71 one-bedroom apartments similar to 511/338 Kings Way, have been sold.

This represents a 5% 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.

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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.