914/31 City Road

Off Market

914/31 City Road

Southbank VIC 3006

Apartment

Last sold for $241,000

Zekria Tawafi, last sold this property on 06 July 2026 after 17 days on market.

Overview

Spacious 1-Bed Gem (51m²) | High-Yield Investment With Great Lifestyle

Positioned within the sought-after Mantra Southbank, this low-maintenance one-bedroom apartment presents an outstanding opportunity for investors chasing strong, reliable returns in a blue-chip inner-city location. Currently offering an estimated rental return of $500 per week (approx. 9-10% yield p.a.), this is a rare chance to secure a high-performing asset in one of Melbourne's most dynamic precincts. Inside, the apartment showcases a functional and modern layout, featuring: • Light-filled open-plan living and dining area • Sleek stone kitchen with stainless steel appliances • Generous bedroom with built-in robes • Bright central bathroom with integrated Euro laundry • Ducted heating and cooling for year-round comfort • Secure intercom entry Residents also enjoy access to premium building facilities including a pool, gym, and sauna-enhancing both lifestyle appeal and rental demand. Perfectly located just moments from Crown Entertainment Complex, the Melbourne Arts Precinct, Flinders Street Station, the CBD, and the Royal Botanic Gardens Victoria, this address ensures constant appeal for tenants and visitors alike. With close proximity to major universities and business hubs, the property benefits from consistent demand and long-term growth potential. An exceptional set-and-forget investment with strong returns and unbeatable positioning. Contact Zek today to arrange a private inspection-opportunities like this are rarely available.

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 914/31 City Road is $385k.

Median value

$385k

Estimated value range

$240k - $730k

Median days on market

Estimated value trend

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 914/31 City Road

2026

Sold

$241,000

Private Sale/Treaty on 06 Jul 2026 by Zekria Tawafi, of Ray White Southbank | Melbourne City

Happy sellers in Southbank

85%

85% 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 88 reviews in Southbank over the last 12 months.

Local market activity for 1 bedroom apartments in Southbank

In the last 12 months, 235 one-bedroom apartments similar to 914/31 City Road, have been sold.

This represents a 17% 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 Southbank for a free market appraisal.

Michael Pastrikos

at Ray White Southbank | Melbourne City

4.9

(305 reviews)

Get a free market appraisal

Natalia Susanti

at MICM

4.9

(375 reviews)

Get a free market appraisal

David Umana

at Ray White Southbank | Melbourne City

4.9

(49 reviews)

Get a free market appraisal

Faith Chang

at MICM

4.9

(277 reviews)

Get a free market appraisal

Nearby agents

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

Michael Pastrikos

Michael Pastrikos is an award winning recommended agent for Southbank. They have 68 local sales and collected 24 local reviews across the last 12 months.