Corner Position, City Convenience and a Lifestyle That Connects You to Everything

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805/338 Kings Way, South Melbourne VIC 3205

$499,000

Search Band Search Visibility Band

$500k - $550k High Confidence Calculated based on strong search observations.

Apartment 2 Beds 1 Bath 1 Car 59 m²

Listed: 20th Aug 2026

Updated: 15 days ago

Overview

Ideally situated on the boundary of Melbourne's CBD, this bright corner apartment offers a rare blend of urban energy and accessible green open spaces, notably the nearby Albert Park. Its floor-to-ceiling windows provide generous natural light, enhancing the open-plan living and dining area. The adjoining private balcony extends the living space and invites you to enjoy the city's urban vistas.

The kitchen is thoughtfully designed for both function and style, featuring quality appliances including a gas cooktop and generous storage capacity, suitable for daily cooking or entertaining. Two well-sized bedrooms come with built-in robes, ensuring ample storage and comfort.

Residents benefit from practical amenities such as a secure basement parking spot and a locked storage cage, enhancing convenience and security. Timber flooring throughout the living areas adds a warm, contemporary feel and durability.

This property is well suited for first home buyers seeking a stylish city base, investors aiming for a low-maintenance asset in a sought-after location, or professionals desiring proximity to work and leisure options. The vibrant neighborhood offers a variety of cafés, restaurants, boutique shops, and access to public transport efficiently linking to key Melbourne precincts such as the Arts Precinct, Crown Entertainment Complex, and the new Anzac Station.

Light-filled corner apartment with expansive windows
Open-plan living with seamless flow to balcony
Modern kitchen with gas cooking and dishwasher
Two bedrooms with built-in robes for storage
Secure basement parking plus storage cage
Timber flooring for easy maintenance and aesthetics
Close to Albert Park Lake, South Melbourne Market, and transport links
Ideal for first home buyers, investors, and professionals
Approximate internal floor area of 59 sqm

This apartment combines the convenience of central city living with access to tranquil recreational spaces and a thriving local community, making it a lifestyle choice to appreciate and enjoy daily.

Local Market Insights

In South Melbourne, Quiet Listings observed 23 new apartments entering the market over the last 30 days, up from 10 during the previous 30-day period, with an average advertised asking price of $861,043. The property type mix of listed properties is predominantly Apartments at 57%, followed by houses (33%), and commercial properties (7%). The most active agency for apartments in the South Melbourne area is currently Buxton Real Estate Group, representing 26% of new listings, followed by Marshall White with 22%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.