2106/229 Toorak Road, South Yarra VIC 3141

2106/229 Toorak Road, South Yarra VIC 3141
21st-floor bay views | oversized balcony | one secure car space | resort amenities in Stonnington This apartment occupies a rare position in the South Yarra market: unobstructed bay views from a high floor with a protected balcony that extends usable living space year-round. The single car space is a genuine differentiator in a precinct where parking is often stacked or absent. For a professional or downsizer who values amenity over square metres, the building’s indoor pool, gym, and rooftop garden replace weekend memberships. The floor-to-ceiling glass and open layout make the one-bedroom feel larger than its footprint, while the study nook adds functional flexibility for remote work. The primary risk is the narrow buyer pool for a one-bedroom in a high-rise, which may lengthen holding periods if resale is needed quickly. Strata levies in a full-service tower will be material and should be verified before proceeding. The opportunity lies in rental demand: furnished yields near $725 per week are strong for the price band, and the location near transport and retail supports consistent occupancy. Hold this property as a city-adjacent base or income-producing asset; its view and parking give it a competitive edge over nearby units without those features.
Detailed Independent Property Report prepared  by PropCred Analyst team for 2106/229 Toorak Road, South Yarra VIC 3141
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✕ 2
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Market Insight

South Yarra is a premium inner-city suburb favoured by professionals, with demand anchored by its proximity to the CBD and vibrant lifestyle. Recent market conditions show a divergence, with house prices experiencing a correction while the unit market demonstrates resilience, supported by strong rental demand and limited new supply. Future growth is underpinned by consistent buyer activity and tight rental vacancy, though affordability constraints and sensitivity to interest rate movements present key risks to watch.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

3207m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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