1505/665 Chapel Street, South Yarra VIC 3141

Corner apartment | high floor | abundant natural light | inner-city lifestyle This unit presents a competitively strong proposition due to its high-floor positioning and corner aspect, which directly deliver superior natural light and privacy—rare attributes that enhance liveability in a dense urban setting. It serves the buyer seeking a low-maintenance, sun-filled residence in a premier location, with the configuration offering a tangible quality-of-life premium over standard floorplans. The primary risk is valuation, with the listed estimate notably above recent comparable sales and the suburb median, demanding a premium the local market has not recently supported. The opportunity lies in securing a well-positioned unit if priced within a rational band, given its inherent advantages. This property is best held as a long-term primary residence to fully capitalise on its lifestyle benefits, rather than for near-term capital growth. Nearby comparable sales indicate a market context that buyers must weigh: – 1506/665 Chapel Street sold for $592,500 in April 2016. – South Yarra unit median price is $590,000. These figures establish that the current price estimate for 1505 requires a significant premium, justified only by its superior floor level, aspect, and the passage of time since the last comparable sale. This gap must be scrutinised during negotiation.