114 Palmerston Crescent
South Melbourne, 3205 VIC
1910 house on a 123 m² block with 5m frontage.
Property Snapshot
1910House2 Bed1 Bath1 Off Street123 m² Land77 m² Internal5m Frontage
Investment Highlights
What makes 114 Palmerston Crescent compelling from a buying and value-add perspective.
Market Status
Off Market
Land Size
123 m²
Frontage
5m
Zoning
NRZ1
Residential - Low Density
Why Buyers Look At This One
Rare add-value profile — 1910 house on a 123 m² block and a 5m frontage.
Renovate upside — modest 77 m² internal area creates a clear renovation, extension or reconfiguration opportunity.
Walkable transport position — approx. 303m to bus, 1.9km to train station and 2km to schools.
Neighbourhood quality — strong owner occupier setting with low-turnover character housing nearby.
Property Snapshot
Core facts, planning controls and ownership history.
Bedrooms
2
Bathrooms
1
Parking
1 off-street
Internal Area
77 m²
Ownership & Value
Last Sold$1.25M
Sold DateFeb 2026
Land Value—
RPD1\PS321068
Planning & Site
Property TypeResidential
AccessSingle Access
Height Limit—
Max Storeys—
Character HousingResidential
Pricing & Valuation
Guide, estimate and broader pricing context.
Market Status
Off Market
2 Bed Median
$1.33M
Growth Since 2026
+$66k
Price Estimate
$1.1MLow
$1.32M
$1.5MHigh
VeryHigh Confidence
+$66k (+5.2%)
Since last sold — $1,255,000 — February 2026
Suburb 2 bed house median price over time
Rental Market
Yield, rental pricing and local leasing landscape.
Median Rent
$737
2 Bed Yield
2.9%
Vacancy
0.7%
Rentals Last 12M
16
Suburb 2 bed house median rent over time
Planning & Risk Overlays
Important due diligence considerations for this property.
Flood Overlay Detected
No flooding known in this area
Other Overlays
Bushfire: Bushfire not available in this area. Please check with local council.. Heritage: Heritage Overlay. Biodiversity: No biodiversity known in this area.
Location & Connectivity
Access to transport, schools and local amenity around 114 Palmerston Crescent.
Train Station
1.9km
Bus Stop
303m
Schools
2km
Road Type
residential
Transport: Easy access to nearby train station and frequent bus routes.
Lifestyle: Walking distance to local shops, parks and nearby dining precincts.
Positioning: Quiet residential street with strong owner occupier presence and limited turnover.
Neighbourhood Profile
Proximity to amenities and local context impacting livability.
Social Housing
11.8%Train Station
1.9kmBus Stop
303mCentre Zone
252mRoad Type
residential (Low Noise)School Catchment
2kmSouth Melbourne Snapshot
Broader suburb metrics that support the local story.
Population
11,548
Owner Occupiers
42%
Social Housing
11.8%
Crime Index
—
Not available
Low Stock on MarketLow Vacancy
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