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16 Lyell Street, South Melbourne VIC 3205

Auction: $1,300,000 - $1,400,000

Search Band Search Visibility Band

$1.3M - $1.43M Low Confidence Calculated based on limited search observations.

House 2 Beds 1 Bath 1 Car

Listed: 2 days ago

Updated: 13 hours ago

Overview

This auction property at 16 Lyell Street in South Melbourne presents a well-sized two-bedroom home complemented by a single bathroom and dedicated parking space, offering convenient urban living. The listing price range of $1,300,000 to $1,400,000 reflects the property’s position within a sought-after inner suburb of Melbourne, known for its close proximity to the central business district and lifestyle amenities.

Situated in a lively area that blends residential calm with city accessibility, this home is suited to a broad range of buyers including young professionals, couples, or investors seeking a manageable yet desirable property footprint. The bedrooms provide comfortable private spaces, while the presence of a parking space adds valuable convenience in a city environment where car accommodation is often limited.

The auction sale method opens the opportunity for prospective buyers to competitively secure the property, which is aligned with recent market activity in the Port Phillip vicinity, known for steady demand and resilient property values.

Local Market Insights

In South Melbourne, Quiet Listings observed 15 new houses entering the market over the last 30 days, up from 10 during the previous 30-day period, with an average advertised asking price of $2,589,667. The property type mix of listed properties is predominantly Apartments at 56%, followed by houses (35%), and commercial properties (7%). The most active agency for houses in the South Melbourne area is currently Marshall White, representing 40% of new listings, followed by Jellis Craig with 27%. 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.