411/35 Wilson Street, South Yarra VIC 3141

2-bed, 82sqm terrace unit | South Yarra | 35/65 owner-renter split | 8 days on market This unit offers a rare configuration edge: the 82sqm internal area with a substantial partially covered terrace functions as a low-maintenance house-replacement, not a standard apartment. The 35% owner occupancy in the building signals better common-area care and fewer short-term rental issues than the area’s 66% renter norm. For an owner-occupier wanting Chapel Street walkability without sacrificing space or a private outdoor zone, this positions strongly against newer, smaller stock. The $550k-$600k indicative range sits below the $636.5k median for South Yarra two-bed units, giving a buyer room to negotiate toward the lower end, especially given the 37-day average days on market. The main risk is the 2020 sale at $565k and 2015 sale at $630k,price growth has been flat over a decade, suggesting limited capital upside without a renovation or rezoning event. The 7.36% gross yield at $785pw rent makes it viable for investors, but the buyer must accept that this is a hold-for-cash-flow property, not a short-term flip. Opportunity lies in the FTTP and 5G connectivity supporting remote workers, and the balcony/terrace adding lifestyle appeal that commands a rent premium. Hold this unit for steady rental income or as a lock-and-leave base; don’t expect rapid appreciation.