1717/8 Daly Street, South Yarra VIC 3141

South Yarra multi-unit building | 1 bed, 1 bath apartment | No bushfire/heritage overlays | Building on large 3044m² lot This unit presents a streamlined entry into a high-density, established South Yarra location, with the underlying building lot size offering a potential point of differentiation from typical strata developments. The absence of noted bushfire or heritage overlays simplifies due diligence. This configuration primarily serves the budget-conscious investor or first-home buyer targeting the core apartment market, where convenience outweighs space. The primary risk is valuation ambiguity due to sparse, conflicting listing status and a lack of precise comparable sales data, which can lead to overpayment. The opportunity lies in securing a functional unit in a consistent rental precinct, provided purchase price reflects the basic offering. Proceed only with a disciplined bid anchored to verified recent sales. Our report would pressure-test the estimated values against true market movements and detail strata health, isolating locality risks for a secure purchase. Recent comparable sales data is limited, but provides a directional range: – 117/8 Daly Street (same building): 1 bed, 1 bath, estimated value ~$580,000. – 8 Daly Street (variant): 2 bed, 2 bath, 1 car, estimated value ~$627,000. This suggests the subject property should transact notably below the $627k benchmark, given its smaller size and likely absence of a car space, anchoring its value proposition firmly in the lower band.