507/338 Kings Way, South Melbourne, Vic 3205

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507/338 Kings Way, South Melbourne, Vic 3205-Image

Chisholm and Gamon Property Port Melbourne - Port Melbourne

507/338 Kings Way, South Melbourne, Vic 3205

$620,000 - $650,000

Apartment

Type

Bedrooms

Bathrooms

Parkings

Published on Monday, May 18, 2026 ( See property details for 507/338 Kings Way, South Melbourne, Vic 3205)

$620,000 - $650,000

View the agent price guide.

May Wang - Real Estate Agent - Chisholm and Gamon Property Port Melbourne - Port Melbourne

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Jon Kett - Real Estate Agent - Chisholm and Gamon Property Port Melbourne - Port Melbourne

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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.

A stylish, low-maintenance two-bedroom apartment in South Melbourne offering exceptional city views, modern finishes, and outstanding connectivity.

🏡 Property Highlights

Prime location between Albert Park Lake and Royal Botanic Gardens
Contemporary two-bedroom apartment with premium finishes
Secure basement car space with additional storage cage
Close to public transport including Anzac Station and tram routes
Light-filled living with floor-to-ceiling windows and city views
Strong income performance as a short-term rental investment

✨ Key Features

Built-in Robes
Outdoor Area
Open-Plan Living
Security Screens / Gates
Waterfront / Views
Garage / Secure Parking
Ceiling Fans
Air Conditioning
Internal Laundry
Open-Plan Living

Suburb and Property Insights of South Melbourne, VIC 3205

South Melbourne is a vibrant and highly sought-after suburb renowned for its eclectic mix of cafes, galleries, and parks. It offers excellent public transport links, proximity to the CBD, and access to iconic attractions like Albert Park Lake and the Royal Botanic Gardens. The area boasts a lively cultural scene, diverse dining options, and a strong community atmosphere, making it ideal for professionals, investors, and lifestyle seekers alike.

Frequently Asked Questions

What are the key features of this apartment?

This apartment features two bedrooms with mirrored robes, an ensuite in the main bedroom, a sleek kitchen with stone benchtops and quality appliances, a private balcony, secure entry, and a basement car space with storage cage.

Is the apartment suitable for investment purposes?

Yes, the property is currently managed as a short-term rental with strong income performance, making it an attractive investment opportunity.

What amenities are nearby?

The apartment is within walking distance to Albert Park Lake, MSAC, Lakeside Stadium, South Melbourne Market, and the vibrant cafes and restaurants of Clarendon Street. Public transport options include Anzac Station and multiple tram routes.

Does the property have modern features and finishes?

Yes, the apartment boasts engineered timber flooring, a sleek kitchen with white stone benchtops, premium stainless-steel appliances, and floor-to-ceiling windows with city views.

What lifestyle benefits does this property offer?

Residents can enjoy a low-maintenance, lock-and-leave lifestyle with easy access to Melbourne’s arts, culture, parks, and sporting precincts, all within a secure and stylish environment.

What to ask about this property to agent?

Are there any upcoming strata or building maintenance costs not disclosed? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any restrictions or easements affecting the property? What are the strata or body corporate fees and what do they cover? Are there any planned developments or construction projects nearby that could impact the property? Has the property been inspected for structural defects or pest issues? Are there any noise or nuisance issues from neighboring properties or nearby roads? Is the property compliant with all local zoning and planning regulations? Are there any additional costs associated with the short-term rental management? What are the long-term capital growth prospects for this area?

507/338 Kings Way, South Melbourne, Vic 3205 - More Details

$620,000 - $650,000

Enviably positioned between Albert Park Lake and the Royal Botanic Gardens, this contemporary two-bedroom apartment within the acclaimed Silver Leaf development captures the essence of refined city living. Elevated on the cusp of the Arts and Crown Entertainment precincts, it offers exceptional privacy and proximity to Melbourne’s most dynamic cultural and dining destinations.

Through the entry hallway, engineered timber flooring flows throughout the light-filled, charming interior. The sleek kitchen is thoughtfully appointed with premium stainless-steel appliances, white stone benchtops, an integrated fridge/freezer, and a striking mirrored splashback, creating a space that is as functional as it is stylish. As a corner position, the living area features floor-to-ceiling windows, showcasing beautiful views of the city skyline and treetops. Off the living area, a private balcony invites fresh air and seamless indoor-outdoor connection.

The generous bedrooms feature mirrored robes. The main bedroom includes an ensuite, while the second bedroom is conveniently serviced by a fully tiled bathroom with an Euro laundry, complete with a frameless shower and separate toilet. Additional highlights include secure video intercom entry, reverse-cycle heating and cooling, and a secure basement car space with a spacious storage cage.

Just a short walk to the new Anzac Station and a major tram junction servicing eight routes, the apartment offers outstanding connectivity. MSAC, Lakeside Stadium, Clarendon Street, and South Melbourne Market are all within easy reach. With cafés, theatres, galleries, parklands, the bay, and the CBD at your doorstep, this is an exceptional opportunity to embrace a lifestyle of convenience and sophistication.

Ideal for lock-and-leave, low-maintenance lifestyle seekers, first-home buyers, busy professionals, or investors seeking high-growth yields, currently managed as a short-term rental with strong income performance.

Property Highlights:
* Stylish two-bedroom apartment with engineered timber floors throughout
* Sleek kitchen with stone benchtops and quality appliances
* Spacious two bedrooms with mirrored built-in robes
* Steps to Albert Park Lake, MSAC, and Lakeside Stadium
* Close to Clarendon Street’s vibrant cafés, bars, and restaurants
* Short tram/train ride to the CBD and St Kilda
* Minutes from the Royal Botanic Gardens and Melbourne’s arts and sporting precincts
* Secure standard car parking with storage cage on title
* Secure entry, lift access, and onsite building manager
* Low-maintenance lifestyle and high-yield investment opportunity

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

Price guide

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