For Sale

406/338 Kings Way, South Melbourne, Vic 3205

$560,000

Apartment

Type

Bedrooms

Bathrooms

Parkings

Published on Friday, September 25, 2026 ( See property details for 406/338 Kings Way, South Melbourne, Vic 3205)

$560,000

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Mandy Engelhardt Sales Consultant

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Andrew Solomon Sales Consultant | Auctioneer

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

This north-facing, light-filled two-bedroom apartment offers modern living with secure parking in a highly sought-after South Melbourne location, ideal for both owner-occupiers and investors.

🏡 Property Highlights

North-facing orientation capturing excellent natural light
Spacious living area flowing to a sunlit balcony
Secure basement parking and storage cage on title
Prime location moments from CBD, South Melbourne Market, and Albert Park
Currently leased at $600 per week, offering investment potential
Bright, light-filled main bedroom with built-in robes

✨ Key Features

Balcony
Built-in Robes
Dishwasher
Open-Plan Living
Secure Parking
Storage
Lift
Waterfront / Views
NBN / High-Speed Ready
Pet-Friendly

Suburb and Property Insights of South Melbourne, VIC 3205

South Melbourne is a vibrant inner-city suburb renowned for its lively markets, beautiful parks, and excellent connectivity to Melbourne’s CBD. It offers a diverse lifestyle with trendy cafes, boutique shopping, and cultural attractions, making it highly desirable for residents and investors alike. The area boasts a strong community vibe, easy access to public transport, and proximity to iconic Melbourne landmarks.

Frequently Asked Questions

What are the key features of this apartment?

This apartment features a north-facing orientation, spacious living area, sunlit balcony, stone kitchen with gas cooktop and dishwasher, built-in robes in both bedrooms, secure basement parking, and lift access.

Is the apartment suitable for investment purposes?

Yes, the property is currently leased at $600 per week, making it a strong investment opportunity in a highly sought-after inner-city location.

What amenities are nearby?

The apartment is moments from the CBD, South Melbourne Market, Albert Park, and offers easy access to public transport, cafes, shops, and parks.

Does the property have high-speed internet connectivity?

Yes, the apartment is NBN / High-Speed Ready, ensuring fast internet connectivity.

What is the layout of the bathroom and toilet?

The bathroom features a separate bathing area, with a dedicated toilet room for added convenience.

What to ask about this property to agent?

Are there any upcoming plans for nearby construction or development that could affect the property? What are the strata or body corporate fees and are there any special levies? Are there any restrictions or easements on the property? Has the property been recently renovated or does it require maintenance? Are there any known issues with the building’s structure or systems? What are the long-term zoning and planning regulations affecting this property? Is the property located in a flood or bushfire-prone area? Are there any noise or disturbance issues from neighboring properties? What are the total ongoing costs including council rates, strata fees, and utilities? Is the property compliant with all building and safety regulations?

406/338 Kings Way, South Melbourne, Vic 3205 - More Details

$560,000

North-facing and filled with natural light, this spacious two-bedroom apartment offers easy living in a brilliantly connected South Melbourne setting. A generous living zone flows to a sunlit balcony, while the stone-finished kitchen, two robed bedrooms, secure basement parking and storage add everyday practicality. Currently leased at $600 per week, it also presents a ready-made investment in a consistently sought-after inner-city location.

• North-facing orientation capturing excellent natural light
• Spacious living area flowing directly to the bright balcony
• Stone kitchen with gas cooktop and integrated dishwasher
• Excellent kitchen storage with generous preparation space
• Light-filled main bedroom with ample built-in robe storage
• Spacious second bedroom also featuring built-in wardrobes
• Bathroom with separate bathing and dedicated toilet rooms
• Secure basement car space plus separate storage cage on title
• Secure lobby entry with convenient lift access
• Moments from the CBD, South Melbourne Market and Albert Park

Type: Apartment
Bedrooms: 2
Bathrooms: 1
Parkings: 1

Price guide

View Statement Of Information

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Map & nearby places — 406/338 Kings Way, South Melbourne, Vic 3205

Explore 406/338 Kings Way, South Melbourne, Vic 3205 in 3D

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Nearby schools, parks, shopping, transport, health & dining
Walking & driving routes with travel time from the front door
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406/338 Kings Way, South Melbourne, Vic 3205

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