1/97 Mathoura Road Toorak VIC 3142

1920s Toorak apartment | 320sqm on 1033sqm land | dual-aspect layout | rare walk-to-primary-school position The buying case rests on scarcity. A 320-square-metre apartment on a full 1033-square-metre block in Toorak is effectively a house-sized footprint with strata simplicity. The 1920 build signals period proportions and solid construction, not heritage constraints. For a buyer seeking space, privacy, and a blue-chip address without maintaining a house, this is the rare configuration that competes with a terrace or villa. The catchment for Toorak Primary School at 300 metres adds family appeal without sacrificing prestige. Best suited to downsizers or executives wanting lock-and-leave scale in a walkable pocket. Risk is the price gap. The $6.25–6.875 million guide sits 23–36% above the $5.067 million estimated value, meaning the buyer pays a premium for the listing’s scarcity and marketing momentum. The 1033-square-metre land component is valuable but sits under a single apartment, so redevelopment potential is nil unless the strata can be unwound — unlikely. Rental yield at $1,185 per week is below 1%, so this is a hold-for-capital-growth proposition, not an income play. The off-market status on some platforms suggests a motivated seller, which may open negotiation room. Use the valuation gap as leverage, and treat this as a long-term family base or a prestige holding with low turnover risk.