316 Ferrars Street, South Melbourne VIC 3205
This property is Off Market
- The Average property price in this area is $1,528,324, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 1.53 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About South Melbourne
With an average age of 45, households expect an average monthly mortgage payment of $3,000 or a weekly rent payment of $677. The average family earns a weekly income of $3,600 with a typical household size of 2.6 and a 96.83% employment rate.
Consistent high demand relative to supply is a key feature in South Melbourne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in South Melbourne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in South Melbourne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in South Melbourne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Public Transport
Stop 24: Clarendon Street
Stop 129: Park Street
Stop 128: Dorcas Street
Stop 128: Dorcas Street
Stop 26: Ferrars Street
Stop 26: Ferrars Street
Stop 25: Cecil Street
Stop 25: Cecil Street
Stop 127: South Melbourne
Stop 127: South Melbourne
General Points of Interest
Hall's Taekwondo Centre
Green Acres Golf Club
Trinity College
Como Centre
Admiral Creswell Memorial
Melbourne Cricket Ground
Olympia Gymnasium
Centenary Bridge Pillar
Altona Badminton Centre
Flemington Grandstand
Population
(Country of Birth not stated 1%)
Are people healthy?
There are a recorded 1214 asthma sufferers and 452 people living with diabetes. In addition, 423 people have a heart/vascular condition and 876 people live with three or more chronic diseases.A good place to invest in property?
South Melbourne a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
82 / 100
52 / 100
Industry
37 / 100
17 / 100
Population
48 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
50 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsAlbert Park College Albert Park Primary School
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Port Phillip Specialist School
Port Melbourne, VIC, 3207 State U -
Albert Park College
Albert Park, VIC, 3206 State 7-12 -
Galilee Regional Catholic Primary School
South Melbourne, VIC, 3205 Independent Prep-6 -
Victorian College Of The Arts Secondary School
Southbank, VIC, 3006 State 7-12
Property Story
316 Ferrars Street, South Melbourne, Vic, 3205 is a residential property with 3 bedrooms, 1 bathrooms and Parking spaces. The estimated value of this home is $1,155,000 while properties of this type typically sell for between $780,000 and $4,850,000 in this suburb. The estimated distance to the sea is only 1.53km and 0.89KM to vegatation considered to be a factor in bushfire risk.Local Developments
To see the latest development applications
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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