Back 613/338 Kings Way
Off Market

613/338 Kings Way

South Melbourne VIC 3205

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1
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Apartment
May WangMay Wang, last sold this property on 22 February 2026 after 2 days on market.

Overview

The Perfect City Pad or High Yield Investment

Enviably positioned between Albert Park Lake and the Royal Botanic Gardens, this contemporary one-bedroom apartment within the acclaimed Silver Leaf development captures the essence of refined city living. Elevated on the cusp of the Arts and Crown Entertainment Precincts, it offers exceptional privacy and proximity to Melbourne’s most dynamic cultural and dining destinations. Through the entry hallway, engineered timber flooring flows throughout the light-filled interior, while the sleek kitchen is thoughtfully appointed with SMEG stainless steel appliances, white stone benchtops, an integrated fridge/freezer, and a striking mirrored splashback, creating a space that is as functional as it is stylish. The living area extends to a private balcony, inviting fresh air and an effortless indoor-outdoor connection. The generous bedroom features mirrored robes and easy access to a fully tiled bathroom, complete with a frameless shower and separate toilet. Additional highlights include washer and dryer, secure video intercom entry, reverse-cycle heating and cooling, and a secure basement car space with a spacious storage cage. Just a short walk to the new Anzac Station and a major tram junction servicing eight routes, the apartment offers outstanding connectivity. MSAC, Lakeside Stadium, Clarendon Street, and South Melbourne Market are all within easy reach. With cafés, theatres, galleries, parklands, the bay, and the CBD at your doorstep, this is an exceptional opportunity to embrace a lifestyle of convenience and sophistication. Ideal for lock-and-leave, low-maintenance lifestyle seekers, first home buyers, busy professionals, or investors seeking high-growth yields. Property Highlights: * Chic one-bedroom apartment with engineered timber floors throughout * Sleek kitchen with stone benchtops and quality appliances * Spacious bedroom with mirrored built-in robes * Contemporary fully tiled bathroom & European laundry with washer and dryer * Steps to Albert Park Lake, MSAC, and Lakeside Stadium * Close to Clarendon Street’s vibrant cafés, bars, and restaurants * Short tram/train ride to the CBD and St Kilda * Minutes from the Royal Botanic Gardens and Melbourne’s arts and sporting precincts * Secure basement car parking with storage cage on title * Secure entry, lift access, and onsite building manager * Low-maintenance lifestyle & high yield investment opportunity * Approx. weekly rental $550 - $580

Features

1 bedroom
1 bathroom
1 carspace
1 garage 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 613/338 Kings Way is $436k.

Median value
$436k
Estimated value range
$290k - $630k
Median days on market
25
Estimated value trend
8%
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 613/338 Kings Way

2026
Sold
Undisclosed
22 Feb 2026 by May Wang, of Jellis Craig Port Phillip

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 1 bedroom apartments in South Melbourne

In the last 12 months, 71 one-bedroom apartments similar to 613/338 Kings Way, have been sold.

This represents a 5% increase in one-bedroom apartments sales when compared to the previous 12 months.

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