Unit 705 (Lot 5) /9 Balmoral Street South Yarra

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Unit 705 (Lot 5)/9 Balmoral Street, South Yarra VIC 3141

$280,000

Search Band Search Visibility Band

$280k - $294k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 1 Bed 1 Bath 1 Car 47 m²

Listed: 7 days ago

Updated: 33 minutes ago

Overview

This ground-level one-bedroom unit offers a compact yet functional living environment with 47 sqm of internal space paired with a 12 sqm external area. Its open-plan living and dining area integrated with the kitchen capitalises on the apartment's southerly aspect, ensuring consistent natural light and a calm ambiance. The bedroom is comfortably sized and provides built-in wardrobes, servicing efficient storage needs. Adjacent to this is a well-appointed bathroom, complemented by a separate laundry and additional storage cupboard, enhancing the unit's practical appeal.

Split system heating and cooling supports comfortable living throughout the year, while the unit benefits from secure building access and one designated secure car space on title—a significant advantage in the sought-after South Yarra locale.

The property represents a solid investment opportunity rather than owner occupation, with a secure long-term tenant in place under Quest, offering steady rental income with reduced outgoings. The lease term extends to July 2029, with additional options, providing income security and potential for future growth.

Located in the vibrant heart of South Yarra, the unit is situated close to the bustling Chapel Street and Commercial Road precincts, offering an array of restaurants, cafes, and the renowned Prahran Market. This setting is ideal for investors seeking reliable returns backed by location, tenant stability, and the secondary benefit of limited owner use, up to 60 nights annually under certain conditions.

Local Market Insights

In Melbourne - Inner, Quiet Listings observed 138 new units entering the market over the last 30 days, down from 142 during the previous 30-day period, with an average advertised asking price of $753,569. The property type mix of listed properties is predominantly Houses at 39%, followed by apartments (36%), and townhouses (11%). The most active agency for units in the Melbourne - Inner area is currently Jellis Craig, representing 19% of new listings, followed by Ray White with 15%. 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.