27/9 Balmoral Street, South Yarra VIC 3141
27/9 Balmoral Street, South Yarra VIC 3141
3-bed apartment in South Yarra | Rare parking included | Above recent building sale | Bushfire overlay noted
This property occupies a competitive position in South Yarra’s apartment market by offering three bedrooms and a dedicated parking space in a building where comparable units have sold below its current ask. For a buyer seeking a larger floorplan without moving to a house, this configuration is scarce and gives negotiating leverage, especially given the recent building sale at $475,000. The property suits owner-occupiers or investors targeting long-term capital growth in a suburb with consistent demand.
The bushfire overlay introduces insurance cost and may limit some renovations, but this is standard for outer Melbourne and does not affect typical apartment use. The key risk is paying a premium above the last building sale without visible evidence of upgrades; a buyer should verify condition and strata fees. Opportunity lies in negotiating toward the $500,000–$520,000 range, aligning with building comparables. Hold for rental yield or medium-term capital gain.
Detailed Independent Property Report prepared by PropCred Analyst team for 27/9 Balmoral Street, South Yarra VIC 3141
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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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
3
Bathroom
2
Parking
1
Land
2642m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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