Back 814/31 City Road
Off Market

814/31 City Road

Southbank VIC 3006

1
1
Apartment
Jolene TanJolene Tan, last sold this property on 30 March 2026 after 182 days on market.

Overview

Investment Only - Approx 10% Gross Yield | 1 Bedroom | 51m²

• Low-maintenance apartment within Mantra Southbank • Estimated rental return of $500 per week (approx. 9-10% rental yield p.a.) • Open-plan living and dining area • Smart stone kitchen with stainless steel appliances • Generously sized bedroom with built-in wardrobes • Bright bathroom with Euro laundry • Ducted heating/cooling and secure intercom entry • Access to residents' pool, gym & sauna Located in one of Melbourne's most vibrant inner-city precincts, this one-bedroom apartment at 814/31 City Road offers an exceptional opportunity for investors seeking a high-demand property with an impressive 9-10% rental yield p.a. Just moments from Crown Entertainment Complex, the Arts Precinct, Flinders Street Station, the CBD, and the Royal Botanic Gardens, this address delivers outstanding convenience and a dynamic urban lifestyle. Inside Mantra Southbank, the apartment features an open-plan living/dining area, a stone-topped kitchen with stainless steel appliances, reverse-cycle heating/cooling, and secure building access. The building also offers access to an onsite pool, gym, and sauna, enhancing overall appeal. With unbeatable proximity to universities, major business districts, and Melbourne's most iconic attractions, this property presents strong investment appeal, consistent returns, and enduring demand. Get in touch today to arrange a private inspection. Opportunities at this yield don't come often!

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Southbank over the last 12 months, the estimated median property value of 814/31 City Road is $388.89k.

Median value
$388.89k
Estimated value range
$250k - $730k
Median days on market
44
Estimated value trend
3%
increase 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 814/31 City Road

2026
Sold
Undisclosed
30 Mar 2026 by Jolene Tan, of Ray White Southbank | Melbourne City

Happy sellers in Southbank

84%
84% 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 93 reviews in Southbank over the last 12 months.

Local market activity for 1 bedroom apartments in Southbank

In the last 12 months, 232 one-bedroom apartments similar to 814/31 City Road, have been sold.

This represents a 6% increase in one-bedroom apartments sales when compared to the previous 12 months.

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