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Overview
Located in the highly sought-after South Yarra area, this exceptional 594 square meters (approx.) west-facing parcel of land presents an outstanding development opportunity currently housing three adjoining Victorian residences. The site comes with approved architectural plans and permits to replace the existing structures with two luxurious three-level boutique residences, masterfully designed to harmonize style with functionality.
Each proposed residence is meticulously planned to include three spacious bedrooms and three modern bathrooms, delivering ample room for family and guests. Designed with home entertainment in mind, the homes feature dedicated home theatre spaces where residents can enjoy cinematic experiences in the comfort of their own residence.
The deluxe kitchens are crafted to meet the highest standards, integrating premium fixtures and finishes that cater to both culinary enthusiasts and casual cooks alike. Expansive living and dining areas are designed thoughtfully to encourage social interaction and seamless movement, extending effortlessly to west-facing alfresco terraces ideal for outdoor dining and relaxation at sunset.
Vertical connectivity within these residences is achieved through elegant spiral staircases and convenient lifts providing access to all floors. In addition, the basement includes garages spacious enough for two or more cars, equipped with a practical turntable to maximize parking efficiency and ease of vehicle maneuvering.
Technologically advanced features are integrated into both homes, setting new benchmarks in inner urban design, combining luxury living with smart, functional spaces. The location offers unparalleled convenience with iconic local amenities such as Prahran Market, Commercial Road, and the retail and restaurant precincts of Chapel Street all within walking distance. Proximity to Fawkner Park, Prahran station, tram services, and reputable schools further enhance the appeal of this rare offering.
This is a unique chance to secure a sizable site in one of Melbourne's most desirable neighborhoods, offering an exceptional lifestyle and investment opportunity that should not be overlooked.
Local Market Insights
In South Yarra, Quiet Listings observed 9 new houses entering the market over the last 30 days, up from 6 during the previous 30-day period, with an average advertised asking price of $3,300,000. The property type mix of listed properties is predominantly Apartments at 69%, followed by houses (14%), and units (7%). RT Edgar was the most active agency in this area, representing 21.5% of all new listings in the last 30 days. 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.
Location
South Yarra VIC 3141
Market Insights for South Yarra VIC 3141
Other properties in this postcode
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