1905/41 Bank Street, South Melbourne VIC 3205

South Melbourne | Domain House | Albert Park views | 3-bedroom apartment with two car spaces This apartment sits in a well-regarded development with a layout that is genuinely spacious for its category,104 square metres internally with two car spaces is uncommon in this part of South Melbourne. The full-height glass and orientation toward Albert Park Lake and the bay give it a light-filled, open feel that typically commands a premium over comparable floor plans in the same building or nearby towers. For a buyer seeking a low-maintenance residence with strong owner-occupier appeal, the combination of generous room sizes, timber flooring, and built-in storage positions it well against newer but tighter stock. It suits professionals or downsizers who value proximity to the CBD and parkland without the compromises of a smaller footprint. The flood overlay is a material consideration,while not unusual for properties near the bay, it may affect insurance costs and future lending appetite from certain financiers. The 2024 sale price of $1.52 million provides a recent benchmark, but the current expression of interest campaign suggests the market has not moved decisively upward since then. Rental yield at just over 4 percent is modest for an apartment, so this is best held for capital growth and lifestyle use rather than cash flow. Buyers should verify body corporate fees and any upcoming special levies before proceeding. If the property suits your living needs and you can negotiate close to or below the prior sale price, it offers a solid long-term hold in a tightly held pocket of South Melbourne.