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This property has been sold on 8 July 2026

42 days on market

Market context at sale

Suburb cycle phase
Balanced
RBA cash rate
4.35%
Suburb median (July 2026)
$1,650,000

Listing journey

Essentials

This property went through 1 price reduction over 42 days on market. See what it first asked, every reduction along the way, and what it finally sold for.

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43 Stead Street, South Melbourne, VIC, 3205

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Asking Price

$1,750,000 - $1,850,000

3 Beds2 Baths
Land: 153 m2
Floor: 141 m2

Property overview

This 3-bedroom house at 43 Stead Street in South Melbourne, VIC 3205 sold in July 2026, with 2 bathrooms. It offers a 153 m2 block and 141 m2 of internal living space. South Melbourne sits about 2.3 km from the CBD, where the median house price is $1.6M. Council data records flood and heritage overlays on the site. There are 98 schools within roughly 5km, and the area scores 99 for walkability and 100 for transit out of 100.

For sale now

Recently sold nearby

Signal summary

A plain-language read on this listing (Strong, Monitor or Caution) drawn from its asking price, valuation gap, yield and suburb trend.

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Based on $1,850,000 asking signal.

Signals use available listing and suburb data. They are not personal financial advice.

  • Planning overlay risk

Listed

Updated

Days on market

42

Latest price change

Listed at $1,850,000

Investment Score

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South Melbourne at a glance

House market signals | VIC 3205

Full suburb profile

Median

$1.6M

Market signals

To CBD

2 km

Flood zone

Est. Valuation

$1,491,212

Potential Sell Price

Est. Rent/wk

$879

Potential Gross Yield

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Addresses, sold dates, days on market, sold vs asking spreads, plus the subject vs median verdict for each row.

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Key Highlights

Priced 19% above suburb median
Vacancy rate 1.1%
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Planning Overlays

Overlays Detected

Subdivision & Development Potential

NRZ1Neighbourhood Residential Zone 1

Indicative assessment only. Consult your local council planning department for definitive subdivision information.

Total Cost to Purchase

Purchase Price
$1,850,000
Stamp Duty (Victoria)
$101,750
Transfer/Registration Fee
$2,500
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Total Cash Required
$1,956,950

Estimates only. Assumes investment property, standard rates. Verify with your conveyancer.

Listing Details

Listed
Last Updated
Postcode
3205

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