401/41 Bank Street, South Melbourne VIC 3205
2 beds
2 baths
0 cars
Spachus Insights
View South Melbourne market
Price position
Below suburb median
11.3% below the current suburb median listing price.
Buyer negotiation signal
Buyer negotiation
The suburb median sold price is $28,000 below the median listing price.
Selling pace
Sold much slower than typical
25 days typical · Sold in 42 days (68% longer).
Property details
Ultra-Modern Luxury with Cutting-Edge Class
A breathtaking blend of detailed quality, effortless flow and north-facing indulgence, this striking 2-bedroom, 2-bathroom apartment sets an exacting standard in a highly prized South Melbourne neighbourhood. Venture downstairs and take a short stroll to the arts precinct, Royal Botanic Gardens greenery, Albert Park Lake, a wide selection of local cafes and restaurants, South Melbourne Primary School, a choice of tram routes, Anzac trains, Woolworths, and fresh South Melbourne Market produce. Welcome to lifestyle perfection!
2Bedrooms
2Bathrooms
0Car spaces
ApartmentProperty type
South Melbourne market
Full suburb reportMedian listing$620,000
Median sold$592,000
Typical selling time25 days
Tracked sold properties96
Property Overview
401/41 Bank Street, South Melbourne VIC 3205 is an apartment. It has 2 bedrooms, 2 bathrooms. The property sold for $506,000 on 28 July 2026 by private treaty after 42 days on the market. In South Melbourne, the median listing price is $620,000 and the median sold price is $592,000. This sale was $86,000 (14.5%) below the South Melbourne median sold price. Properties in South Melbourne typically sell in around 25 days based on Spachus tracked sales data. It took 17 days longer to sell than the South Melbourne typical selling time.
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