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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

914/31 City Road
Southbank, VIC 3006

$230,000 - $250,000

Apartment 1 bed 1 bath
Listed Date: 19th Jun 2026
Overview

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

Positioned within the sought-after Mantra Southbank, this low-maintenance one-bedroom apartment presents an outstanding opportunity for investors seeking strong and reliable returns in a prestigious inner-city location.

Currently, the property offers an estimated rental return of $500 per week, equating to approximately 9-10% yield per annum. This represents a rare chance to secure a high-performing asset in one of Melbourne's most vibrant precincts.

The apartment features a functional and modern layout designed for comfortable living, including:

  • Light-filled open-plan living and dining area
  • Sleek stone kitchen equipped with stainless steel appliances
  • Generous bedroom with built-in robes providing ample storage
  • Bright central bathroom with integrated European laundry facilities
  • Ducted heating and cooling systems ensuring year-round comfort
  • Secure intercom entry enhancing safety and convenience

Residents benefit from access to premium building facilities such as a swimming pool, gymnasium, and sauna, which enhance both lifestyle appeal and rental demand.

The location is ideal, situated just moments from the Crown Entertainment Complex, Melbourne Arts Precinct, Flinders Street Station, the Central Business District, and the Royal Botanic Gardens Victoria. This ensures ongoing appeal for tenants and visitors alike.

Proximity to major universities and business hubs further supports consistent demand and long-term growth potential for the property.

This apartment represents an exceptional set-and-forget investment opportunity, combining strong returns with unbeatable positioning in a sought-after area.

Opportunities like this are rarely available, making it an excellent choice for investors looking to secure a valuable asset in Melbourne's dynamic property market.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Location
914/31 City Road
Southbank VIC 3006
Measurements
Type Dimensions
Floor Area 51 m²
Market Insights for Southbank VIC 3006
New Listings (last 30 days)
7
Average price
$767,539
Lowest price
$380,000
Highest price
$1,349,000
Other properties in this postcode

* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.