404/8 Daly Street, South Yarra VIC 3141

Flood overlay risk | Complex of 3000m²+ land (no direct title) | Smaller floorplan at 64m² | Rental mid-point of $795/week holds yield clarity The flood overlay is the primary risk mechanism here as it may restrict future renovation depth and push insurance costs higher by an estimated $400–$600 annually, a cost the buyer must absorb. The opportunity lies in the strong rental yield potential near 6.3% based on the $795/week midpoint against the lower end of the value range, which supports a hold-for-income strategy. This property functions best as a steady rental hold or a short-term entry point into South Yarra, not a renovation play. The competitively rare feature is the secure parking and building amenities like pool and gym in a tight South Yarra pocket, giving buyers an edge over older walk-ups that lack both. The open-plan layout and private balcony appeal most to professional couples or downsizers wanting low-maintenance living with reliable 5G and NBN FTTP connectivity as a supporting convenience. To secure an objective position on this property, request a full flood overlay report and compare three recent insurance quotes before making your offer.