198 Park Street, South Melbourne, Vic 3205

$1,400,000 - $1,500,000

House
Type
3
Bedrooms
1
Bathrooms

Last updated on Friday, August 07, 2026 ( See property details for 198 Park Street, South Melbourne, Vic 3205)

$1,400,000 - $1,500,000

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

A beautifully updated historic Victorian residence offering spacious living, private gardens, and prime inner-city convenience in South Melbourne.

🏑 Property Highlights

  • Historic early Victorian architecture with beautifully preserved period details
  • Expansive private garden with established greenery and all-day sun
  • Dual-level residence with modern updates and original fireplaces
  • Prime location near South Melbourne Market, cafés, and public transport
  • Generous living spaces including a versatile study or third bedroom
  • Solid construction with Baltic pine floors and ornate fireplaces

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Outdoor Area
  • Fireplace
  • Garden / courtyard
  • Split System Air Conditioning
  • High energy efficiency
  • Secure Parking
  • Pet-Friendly
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198 Park Street
South Melbourne, VIC 3205
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Vertical aerial view β€” 198 Park Street
198 Park Street — Vertical Aerial  •  South Melbourne, VIC 3205  •  Nearmap © 2026

South Melbourne is a vibrant inner-city suburb renowned for its historic charm, diverse dining options, and excellent public transport links. It offers proximity to the iconic South Melbourne Market, beautiful parks like Albert Park Lake, and a lively community atmosphere. The area combines heritage architecture with modern amenities, making it ideal for families and professionals seeking a convenient and stylish lifestyle.

What is the condition of the historic features and overall structure?
The property has been beautifully preserved and updated, maintaining its original fireplaces, Baltic pine floors, and period details, with modern amenities ensuring comfort and functionality.
Does the property have modern heating and cooling systems?
Yes, the residence is equipped with reverse-cycle heating and cooling for year-round comfort.
Is the garden suitable for outdoor entertaining and relaxation?
Absolutely, the expansive paved terrace and bluestone-edged lawns provide a private and tranquil outdoor space ideal for entertaining and leisure.
What are the nearby amenities and transport options?
The property is within walking distance to Clarendon Street's cafes, South Melbourne Market, multiple tram routes, ANZAC Station, and close to Albert Park Lake and leading schools.
Are there any restrictions or covenants on the property?
Details regarding restrictions or covenants are not specified; it is recommended to conduct a title search for comprehensive information.
Are there any known structural issues or repairs needed for the historic features? What are the zoning regulations and potential development restrictions for the property? Has the property been tested for any environmental risks such as flooding or bushfire zones? Are there any easements or covenants affecting the use of the garden or land? Is there any ongoing or planned construction nearby that could impact privacy or noise levels? What are the strata or body corporate arrangements, if applicable? Are there any hidden costs associated with maintaining the historic features? Has the property been inspected for pests or other defects? Are there any restrictions on renovations or extensions due to heritage listing? What are the details regarding council approvals for recent updates or modifications?

198 Park Street, South Melbourne, Vic 3205 - More Details

$1,400,000 - $1,500,000

Steeped in South Melbourne's early history, "Emerald House" sits behind high bluestone walls, capturing the timeless appeal of early Victorian architecture through its solid construction, beautifully preserved period detail and deep northeastern garden that transforms its inner-city footprint.
Dating back to the mid-1800s, the beautifully updated dual-level residence retains the grace of its era through Baltic pine floors, ornate fireplaces and classic proportions, with an intimate sitting room preceding the separate dining room with a gas fire before the well-appointed modern kitchen extends naturally to the rear. Outdoors, the expansive paved terrace and bluestone-edged lawns create a remarkably large and private garden, stretching well beyond expectation and inviting total tranquillity amid established greenery and all-day sun.

Two generous bedrooms follow upstairs, accompanied by a versatile study or third bedroom, with the second bedroom offering robes and city views, and the main bedroom retaining its original fireplace. A spacious contemporary bathroom on the lower level completes the accommodation, with modern appointments including reverse-cycle heating and cooling, a full laundry, and extensive storage.

Positioned within a short walk of Clarendon Street's renowned cafΓ©s, restaurants and boutiques, South Melbourne Market, multiple tram routes, ANZAC Station, with Albert Park Lake, leading schools, the Royal Botanic Gardens, and the CBD also nearby, every advantage of inner-Melbourne living sits at the doorstep. Land size: 195sqm (approx).
Type
House
Bedrooms
3
Bathrooms
1

Price guide

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