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805/338 Kings Way, South Melbourne, Vic 3205 For Sale

805/338 Kings Way, South Melbourne, Vic 3205

$499,000

Apartment
Type
2
Bedrooms
1
Bathrooms
1
Parkings

Published on Wednesday, August 19, 2026 ( See property details for 805/338 Kings Way, South Melbourne, Vic 3205)

$499,000

Open on Saturday 22 August 2:00 pm | View All

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

This light-filled, contemporary corner apartment offers city convenience, outdoor leisure, and secure living in the vibrant South Melbourne precinct.

🏡 Property Highlights

  • Light-filled corner apartment with floor-to-ceiling windows
  • Private balcony with urban outlook
  • Secure basement parking and storage cage
  • Contemporary kitchen with gas cooktop and dishwasher
  • Prime location near Albert Park Lake and South Melbourne Market
  • Excellent connectivity with trams and bus services

✨ Key Features

  • Built-in Robes
  • Garage / Secure Parking
  • Open-Plan Living
  • Balcony
  • Security Screens / Gates
  • Floorboards
  • Water tank
  • NBN / High-Speed Ready
  • Internal Laundry
  • Secure Parking

South Melbourne offers a vibrant lifestyle with proximity to Albert Park Lake, renowned cafes, boutique shopping, and excellent public transport links. Residents enjoy a mix of green spaces, cultural attractions, and city convenience, making it an ideal location for both living and investing. The area boasts a lively community atmosphere, diverse dining options, and easy access to Melbourne’s arts and entertainment precincts.

What are the key features of this apartment?
This apartment features two spacious bedrooms with built-in robes, a contemporary bathroom, a private balcony, secure basement parking, a modern kitchen with gas cooktop and dishwasher, and floor-to-ceiling windows that fill the space with natural light.
Is the apartment suitable for investment purposes?
Yes, with an estimated rental return of approximately $550 per week, this property is an excellent choice for investors seeking a high-demand location with city and park access.
What amenities are nearby?
The property is within walking distance to Albert Park Lake, South Melbourne Market, cafes, restaurants, boutique shops, and has excellent public transport options including trams and buses.
Does the apartment have secure parking?
Yes, it includes a secure basement car space and a storage cage behind a secure roller door.
What is the internal size of the apartment?
The internal area is approximately 59 square meters.
Are there any upcoming strata or owners corporation fee increases planned? Is there any history of flooding or bushfire risk in this area? Are there any restrictions or easements affecting the property? Has the property been recently renovated or does it require any repairs? Are there any planned developments or construction projects nearby that could impact the property’s value or living environment? What are the total annual outgoings, including water, council, and owners corporation fees? Is the property compliant with all building and safety regulations? Are there any noise or disturbance issues from nearby roads or businesses? What are the zoning restrictions applicable to this property? Is there any history of pest or structural issues with the building?

805/338 Kings Way, South Melbourne, Vic 3205 - More Details

$499,000

Wake up with Melbourne at your doorstep. Positioned on the edge of the CBD, this light-filled corner apartment offers the perfect balance of vibrant city living and the open green spaces of Albert Park. Whether you're buying your first home, securing a Melbourne base or adding a quality investment to your portfolio, this is a home that makes everyday living effortless. Floor-to-ceiling windows draw in natural light, while the open-plan living and dining area extends to a private balcony with an urban outlook. The contemporary kitchen is appointed with quality appliances, generous storage and gas cooking, complemented by two well-proportioned bedrooms with built-in robes, a stylish central bathroom, secure basement parking and a storage cage behind a secure roller door.

Beyond your front door, one of Melbourne's best lifestyle precincts awaits. Walk to Albert Park Lake for your morning run or weekend picnic, enjoy coffee at Clementine, Albertzino Café or The Boatshed Café, and explore the renowned South Melbourne Market and Clarendon Street's vibrant cafés, restaurants and boutique shopping. Trams along Kings Way and St Kilda Road provide effortless access to the CBD, the Arts Precinct, Crown Entertainment Complex and the new Anzac Station, while nearby bus services make getting around simple. Combining city convenience with parks, dining and recreation, this is an address you'll love coming home to.

Property Highlights
• Two spacious bedrooms with built-in robes
• Contemporary bathroom
• Secure basement car space
• Secure roller door storage cage
• Light-filled corner apartment
• Floor-to-ceiling windows
• Open-plan living and dining
• Contemporary kitchen with gas cooktop, dishwasher and ample storage
• Timber flooring throughout living areas
• Private balcony
• Secure intercom entry
• Approx. 59sqm internal area
• Ideal first home, city base or investment
Outgoings (Approx.)
• Water Rates: $740 per annum
• Council Rates: $1,184 per annum
• Owners Corporation: $4,560 per annum

Estimated Rental Return
• $550 per week
Type
Apartment
Bedrooms
2
Bathrooms
1
Parkings
1

Inspections times

  • Inspection Sat 22 Aug 2:00 pm

    Saturday 22 August
    2:00 pm - 2:30 pm
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