2/105 Osborne Street, South Yarra VIC 3141
2/105 Osborne Street, South Yarra VIC 3141
2 bed flat | 1 car space | 395m² parcel | $675/wk rent est | South Yarra pocket
This is a compact inner-urban apartment with a genuinely useful land component, which is rare for this price range in South Yarra. The 395m² parcel suggests the unit may carry more than just strata airspace, giving it a positional edge over typical flats. It serves best a professional couple or investor seeking walk-to-everything convenience—Chapel Street, Toorak Road, Prahran Market, and Fawkner Park are all within easy reach. The estimated weekly rent of $675 signals solid tenant demand, and the 2/1/1 configuration is the most liquid apartment format in this market. Owner-occupiers wanting low-maintenance living with strong resale appeal would also find this a sensible fit.
Value may hinge on how the 395m² is legally structured—whether it includes private garden, courtyard, or shared title rights—and on the building’s actual condition and era, which remains unconfirmed. The absence of overlay constraints reduces regulatory risk, and the 5G coverage adds practical appeal. A buyer should weigh whether the flat’s finishes and layout justify the asking range, given that older flats on this street have traded at significantly lower prices. Rental yield appears moderate, so capital growth potential, not income, is likely the primary driver. The property’s proximity to transport and lifestyle amenity should support steady demand, but its ultimate value will depend on how it compares to similar flats in better or worse condition nearby.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/105 Osborne Street, South Yarra VIC 3141
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
South Yarra is an inner-Melbourne prestige market driven by professionals, with 47% of owners mortgaged. House prices have declined 4.9% to 13.97% over the past year, leaving medians between $1,880,000 and $2,050,000 and days on market at 33–40. Units are stronger: median prices rose 0.46% to 3.6%, to $547,500–$570,000, with yields of 5.4%–5.9% and rents around $600–$620 weekly. Demand is supported by CBD proximity, lifestyle amenity, and limited new apartment supply, with 142–149 house sales annually. Key risks are affordability, high entry prices, and forecast rate cuts of 0.50–0.75% by early 2026, which may soften rental demand.
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PropCred Estimated Value
Comparable Sales: 9 Osborne St house sold May 2025; 16 Osborne St house listed $800k–$880k | Property Price Band: $700,000–$800,000 | Value Drivers: land parcel size, building condition, layout efficiency, proximity to Chapel Street and transport
Bedrooms
2
Bathroom
1
Parking
1
Land
395m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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