12/22A Rockley Road, South Yarra VIC 3141

Character-filled one-bedroom in tightly held South Yarra pocket | renovated kitchen, separate zones | solid brick walk-up with car space | suits first-home buyer or investor seeking 6.2% suburb yield The buying case rests on scarcity and configuration. This is a light-filled, separate-zone one-bedroom in a solid brick walk-up on a quiet, tree-lined street,rare in South Yarra’s newer stock. The renovated kitchen and built-in robes reduce immediate outlay, while the open car space adds practical edge in a suburb where parking is tight. With a 6.2% rental yield and zoning to Richmond Primary and Prahran High, it serves both the first-home buyer wanting move-in certainty and the investor targeting low-maintenance, high-demand stock in a 75% renter building. The risk is the shared lot and older building fabric,body corporate constraints and potential special levies are real costs. No recent comparable sales for this unit or building mean pricing relies on suburb benchmarks, not direct evidence. The opportunity: South Yarra’s 0.7% growth and 60% auction clearance suggest steady, not stellar, capital gain,this is a hold-for-cash-flow property, not a flip. Buy it for the yield and location resilience, not for a short-term price spike.