304/35 Simmons Street, South Yarra VIC 3141

Treetop park aspect | Rare low-rise floorplan | Strong rental yield suburb | Secure parking included This unit occupies a genuinely uncommon position in South Yarra: a third-floor apartment with a private balcony that extends directly into Dye Works Park, offering treetop privacy and a sense of space rarely found in this price band. The floor-to-ceiling glass, stone kitchen, and separate guest powder room lift the configuration above typical two-bedroom stock, while the secure car space and strong suburb rental yield of 5.2% make it a credible option for both owner-occupiers seeking lifestyle adjacency to Chapel Street and investors targeting reliable cash flow. The buyer who secures this property gains a quiet, well-finished home in a low-rise complex with a park outlook that will hold appeal across market cycles. The flood overlay on title is the primary risk and should be investigated through the Section 32 before any offer; it may affect insurance premiums and resale perception, though the third-floor position mitigates direct damage exposure. The 2014 last sale price is unavailable, so comparable recent sales in the Echo complex are essential to anchor negotiation. The property has been listed only one week, which gives a buyer room to assess without pressure but also signals potential competition at the first open. Hold for steady rental income or occupy for lifestyle; capital growth will track the park adjacency and low-rise scarcity rather than broad market movement.