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42 Darling Street, South Yarra VIC 3141

$7,300,000 - $8,000,000

Search Band Search Visibility Band

$7M - $8M High Confidence Calculated based on strong search observations.

Apartment 24 Beds 12 Baths 12 Cars

Listed: 48 days ago

Updated: 13 days ago

Overview

This unique offering at 42 Darling Street brings together a substantial collection of twelve individually strata-titled two-bedroom apartments in the highly desirable South Yarra area. Presented as a complete apartment building, it offers an enticing opportunity for investors seeking an established income stream, with eleven of the twelve apartments currently leased.

Each residence comprises split-level layouts that blend spacious living and dining areas with kitchens and private balconies, designing a harmonious balance between indoor comfort and outdoor retreat. The double bedrooms feature built-in robes and each apartment benefits from its own undercover car space—an invaluable convenience in this bustling inner-city precinct.

The building's individual titles give the purchaser considerable flexibility to maintain the entire complex as a robust residential investment or to gradually sell apartments individually, catering to various investment strategies or market conditions. This is a distinctive advantage rarely available in larger apartment blocks.

Located within walking distance to South Yarra Station and Toorak Road, residents can easily access extensive dining, retail, and lifestyle precincts. The proximity to the Yarra River, Royal Botanic Gardens, and well-connected transport options underlines the exceptional walkability and tenant demand that this tightly held locale continues to experience.

This property is well positioned to appeal to long-term investors seeking reliable rental income and capital growth prospects in one of Melbourne's most sought after inner-city suburbs, with scope for enhancements or staged sales offering additional potential.

Local Market Insights

In South Yarra, Quiet Listings observed 44 new apartments entering the market over the last 30 days, down from 48 during the previous 30-day period, with an average advertised asking price of $892,159. The property type mix of listed properties is predominantly Apartments at 61%, followed by houses (30%), and commercial properties (4%). The most active agency for apartments in the South Yarra area is currently Belle Property, representing 23% of new listings. 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.