1111/1 Clara Street, South Yarra VIC 3141
1111/1 Clara Street, South Yarra VIC 3141
Level 11 north-west outlook | city views and light-filled | 2 bed/1 bath/1 car | premium amenity building | cul-de-sac near Surrey Gardens
This unit is positioned on a high floor in a quality mid-rise complex, with a north-west aspect delivering strong natural light and clear city views. The interior specification sits above most South Yarra apartment stock of this size, with a Miele kitchen, marble waterfall benchtops, oak-style flooring, and floor-to-ceiling glazing. Lock-up-and-leave appeal is reinforced by resident facilities, secure entry, lift access, and a basement car space, making it well suited to downsizers, professionals, and investors. A quiet cul-de-sac position overlooking Surrey Gardens, close to the energy of Chapel Street and Toorak Road, further strengthens that appeal. This is a stronger variant of a common product type, differentiated by level, outlook, and finish rather than land.
Value may hinge on how the elevated position is weighed against apartment trade-offs. A Special Building Overlay on the broader street context might affect insurance or risk perception, and strata fees in a large complex may reduce holding returns. Short holding periods suggest frequent re-sale activity, which might keep price growth steady rather than exceptional. These factors should be weighed carefully when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 1111/1 Clara Street, South Yarra VIC 3141
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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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: 1202/1 Clara Street, 2/1/1, sold $690,000 | Property Price Band: $650k–$750k | Value Drivers: Level 11 city outlook, modern interior fitout, building amenities and secure car space
Bedrooms
2
Bathroom
1
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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