10/273 Williams Road, South Yarra VIC 3141

Prime position in a tightly held block | brand new flooring throughout | elevated rear aspect with natural light | sits well below suburb median for ones | 75% rental stock signals investor weight The buying case rests on configuration and price gap. This elevated rear unit avoids street noise while capturing light,rare in a 26-property block where most units face the road. The new floating timber floor removes an immediate renovation cost, and the security entry adds a layer of appeal for owner-occupiers seeking quiet. At a current estimate roughly $150,000 below the South Yarra one-bedroom median, the property offers a genuine entry point into a suburb where 5.5% rental yields are achievable. It suits a first-home buyer wanting to hold for equity growth or an investor seeking cash flow with modest capital upside. The main risk is the building’s tenant-heavy composition,75% rented,which can mean less consistent common-area maintenance and a higher turnover of neighbours. The February 2025 sale at $390,000 in the same building sets a recent floor, though that unit had a different configuration. Buyers should verify body corporate fees and any upcoming special levies, as older blocks can carry deferred maintenance. The opportunity is to negotiate below the $440,000 estimate given the recent comparable, then hold for three to five years as the suburb’s 3.5% annual growth and strong rental demand work in your favour. Treat this as a solid hold-and-rent proposition.