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

1009/7 Yarra Street, South Yarra VIC 3141

$325,000

Search Band Search Visibility Band

$325k - $341k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 1 Bed 1 Bath 1 Car 51 m² 43 m²

Listed: 7 days ago

Updated: 5 hours ago

Overview

This impeccably refurbished one-bedroom serviced apartment resides in the prestigious South Yarra Grand complex, presenting a prime investment opportunity in one of Melbourne's most sought-after locations.

Recently modernised with new carpeting, fresh paintwork, and updated window furnishings, the apartment delivers a contemporary aesthetic aligned with premium serviced accommodation standards. The property includes the valuable addition of secure parking, enhancing its appeal and functionality.

Currently tenanted by a reputable operator within Veriu, this asset ensures consistent, hands-off income with an annual rental return of approximately $27,333, augmented by CPI annual increases. A lease secured until August 2029 with options for extension reinforces the stability and potential long-term return of this property.

The apartment's locale is a defining feature, positioned minutes from vibrant hubs including Toorak Road and Chapel Street, with excellent public transport connectivity. This accessibility supports strong demand and underpins the apartment's investment quality in a tightly held neighbourhood.

Additional investment considerations include tenant responsibility for owners corporation administration, maintenance, and insurance, while the owner’s approximate outgoings cover maintenance, council, and water rates. Together, these factors create a well-structured and transparent holding cost profile.

Ideal for investors seeking a low-maintenance, high-yield opportunity in a premium serviced apartment environment, this property leverages location, lease security, and refurbishment to offer a compelling income stream within Melbourne’s established South Yarra precinct.

Local Market Insights

In South Yarra, Quiet Listings observed 37 new apartments entering the market over the last 30 days, down from 46 during the previous 30-day period, with an average advertised asking price of $681,757. The property type mix of listed properties is predominantly Apartments at 61%, followed by houses (28%), and duplexes (3%). The most active agency for apartments in the South Yarra area is currently Woodards Real Estate, representing 22% of new listings, followed by Belle Property with 16%. 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.