North-East Corner Position with Sweeping South Yarra Views

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5/97 Caroline Street, South Yarra VIC 3141

$830,000 - $910,000

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$830k - $872k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 2 Beds 1 Bath 1 Car 79 m² 75 m²

Listed: 15 hours ago

Overview

Located in a boutique 1970s building known for its period-style architecture and traditional windows, this north-east corner apartment enjoys excellent privacy and a front position within the complex. The residence is distinguished by its abundant natural light and expansive views of South Yarra rooftops and leafy surroundings from three sides, offering a rare sense of openness in this established neighborhood.

The living and dining space serves as the heart of the apartment, featuring traditional windows that maintain privacy while framing the vibrant streetscape outside. French doors open onto a private balcony, inviting residents to enjoy the outdoor space and scenic views in a quiet environment.

The kitchen is separate and practical, boasting extensive bench space and ample storage, enhancing daily functionality. Two spacious bedrooms include built-in robes, both positioned conveniently near a centrally located bathroom and separate toilet, enhancing comfort and usability.

Additional benefits include a secure undercover parking space with storage on title, a valuable asset rarely found in apartments of similar age and style. The property's location provides easy access to local attractions such as the Yarra River, Royal Botanic Gardens, and walking trails. Additionally, it is well positioned close to major shopping and dining precincts on Toorak Road and Chapel Street, with South Yarra Station nearby for straightforward connections to Melbourne’s CBD.

Local Market Insights

In South Yarra, Quiet Listings observed 44 new apartments entering the market over the last 30 days, down from 49 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 60%, followed by houses (32%), 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.