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Back 53/88 Wells St
Off Market

53/88 Wells St

Southbank VIC 3006

2
1
1
Apartment
Last sold for $639,000
Michael PastrikosMichael Pastrikos, last sold this property on 20 March 2026 after 50 days on market.

Overview

Quiet, Leafy Living in The Arts Precinct

• Boutique low-rise residential complex • East-facing with leafy street outlook • Full-length balcony off living area • New floorboards in living zone • Central ducted heating and cooling • Secure underground car park on title • Eligible for resident permit parking (via City of Melbourne) • Vacant possession available Set within The Keep, one of Southbank's rare low-rise complexes, this two-bedroom, east-facing apartment offers a genuine sense of calm and privacy, with leafy outlooks across Wells Street toward Victoria Barracks creating a quiet, residential atmosphere rarely found so close to the city. It is the kind of home that feels calm the moment you walk in. The layout is both practical and inviting, with a generous open-plan living and dining area forming the heart of the home. New floorboards enhance the space, which flows directly to a full-length balcony, extending the living zone and providing a peaceful spot to relax while enjoying the leafy outlook. The separation between the living and accommodation zones adds to the overall sense of comfort and privacy. The kitchen is well positioned adjacent to the living area, offering excellent bench space, good storage and a functional layout suited to everyday living. Two well-sized bedrooms are thoughtfully arranged, each with built-in robes, and separated by a spacious, renovated central bathroom, making the apartment ideal for owner-occupiers or a quality investment. Central ducted heating and cooling ensures year-round comfort, while a secure underground car space on title adds everyday convenience. Highly regarded for its boutique scale and low-density design, The Keep offers a more residential feel than many surrounding buildings. Positioned on a quiet, tree-lined street, the apartment is within easy walking distance of Southbank Promenade, the Arts Precinct and the Royal Botanic Gardens, with Anzac Station, tram services, cafés, restaurants and everyday amenities all close by. This enhanced connectivity provides seamless access to the CBD and surrounds, further strengthening the lifestyle appeal of this tightly held Southbank address.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Southbank over the last 12 months, the estimated median property value of 53/88 Wells St is $575k.

Median value
$575k
Estimated value range
$366k - $1.67m
Median days on market
49
Estimated value trend
-4%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Southbank. 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 53/88 Wells St

2026
Rented
Undisclosed
Leased on 30 Mar 2026 by Ray White Southbank | Melbourne City
2026
Sold
$639,000
20 Mar 2026 by Michael Pastrikos, of Ray White Southbank | Melbourne City
2025
Rented
Undisclosed
Leased on 22 Apr 2025 by Jellis Craig Kensington

Happy sellers in Southbank

83%
83% of sellers in Southbank reported that their sale price either exceeded or met their price expectations.

Southbank stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 94 reviews in Southbank over the last 12 months.

Local market activity for 2 bedroom apartments in Southbank

In the last 12 months, 461 two-bedroom apartments similar to 53/88 Wells St, have been sold.

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

Nearby agents

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

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Natalia Susanti

Natalia Susanti is a recommended agent for Southbank.  They have 24 local sales and collected 22 local reviews across the last 12 months.

  •   4.9   (366 reviews)
  •  22 Reviews in Southbank
  •  24 Sales in Southbank
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Michael Pastrikos

Michael Pastrikos is an award winning recommended agent for Southbank.  They have 78 local sales and collected 21 local reviews across the last 12 months.

  •   4.9   (300 reviews)
  •  21 Reviews in Southbank
  •  78 Sales in Southbank
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Faith Chang

Faith Chang is a recommended agent for Southbank.  They have 35 local sales and collected 16 local reviews across the last 12 months.

  •   4.9   (277 reviews)
  •  16 Reviews in Southbank
  •  35 Sales in Southbank
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David Umana

David Umana is a recommended agent for Southbank.  They have 25 local sales and collected 11 local reviews across the last 12 months.

  •   4.9   (45 reviews)
  •  11 Reviews in Southbank
  •  25 Sales in Southbank
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