21/530 Toorak Road, Toorak VIC 3142
21/530 Toorak Road, Toorak VIC 3142
A two-bedroom, one-bathroom apartment with one secure car space, spanning approximately 87 square metres internally, located within a low-rise residential complex on a substantial 3,281 square metre lot in Toorak. The unit has been renovated and includes floorboards, split-system air conditioning, built-in robes, a dishwasher, a balcony, and an outdoor entertainment area.
This renovated unit is competitively positioned within Toorak by offering a turnkey living solution in a suburb where original or unrenovated stock is common. The inclusion of a balcony and a dedicated outdoor entertainment area is a rare feature for a two-bedroom apartment in this price bracket, directly appealing to professionals or small families who value indoor-outdoor flow without the maintenance of a full house. The property sits within a well-established, low-rise compound on a large lot, providing a sense of space and garden outlook that newer developments often lack. It best serves buyers seeking a quality, low-maintenance home in a top school zone, where immediate move-in condition and amenity are prioritised over raw size.
The property’s value may be influenced by its single bathroom configuration, which, while standard for its era, could be a constraint for buyers accustomed to modern two-bathroom layouts. The relatively compact internal area of 73 to 87 square metres might also be a factor for those comparing against larger apartments in the area. The recent renovation lifts the property above much of the older stock, but the sale price will ultimately reflect how the market weighs these upgraded finishes against the unit’s modest footprint and classic layout. A buyer should consider whether the premium for the renovation and outdoor space aligns with their own priorities.
Detailed Independent Property Report prepared by PropCred Analyst team for 21/530 Toorak Road, Toorak VIC 3142
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Toorak is a prestigious, established suburb with a high owner-occupier presence, primarily driven by affluent, professional households. Recent market conditions show a divergence, with house prices experiencing a correction while the unit segment demonstrates relative resilience. Future growth is underpinned by its enduring appeal and proximity to the city, though the market faces headwinds from reduced sales volumes and sensitivity to broader economic factors.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
3281m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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