5C Clara Street, South Yarra VIC 3141

Spacious 3-bedroom apartment | city skyline views | premium South Yarra pocket | renovated with practical upgrades The property presents a rare combination of generous floor plan and thoughtful renovation in a tightly held South Yarra location. The three-bedroom configuration with two secure car spaces is increasingly uncommon in this price band, giving a buyer genuine scarcity value. City views and the refurbished deck extend the living space outward, while the study nook and enhanced storage address the practical needs of professional buyers or downsizers. This property best suits someone prioritising immediate move-in quality and long-term lifestyle convenience over future renovation potential. The flood overlay is the primary risk, potentially affecting insurance costs and resale appeal to cautious buyers. It does not appear to have impacted the current valuation materially, but it should be verified with council flood mapping and insurer quotes before proceeding. The price range across listings suggests room for negotiation below the upper Quiet Listings band, particularly given the inconsistent property type classifications across platforms. The rental yield at estimated $1,220 per week supports a hold strategy if circumstances change. Buyers should inspect with attention to the deck condition and strata records, then negotiate from the lower end of the range.