101/8 Daly Street, South Yarra VIC 3141
101/8 Daly Street, South Yarra VIC 3141
2 bed, 1 bath, no parking | Lucia building, South Yarra | strong amenity for price | leafy courtyard outlook | sold $450k in 2023 for same spec
This apartment occupies a rare position in South Yarra’s market. The building’s amenity package—heated infinity pool, gym, sauna, steam room, residents’ lounge, and communal gardens—is unusually strong for a property priced under $525,000. The Miele kitchen, stone benches, and floor-to-ceiling mirrored robes lift the interior above entry-level finishes. The leafy courtyard outlook suggests a quieter aspect than many apartments on the busy Chapel Street strip. This property serves best a buyer who values lifestyle convenience over car ownership: first-home buyers, downsizers, or investors targeting the inner-city rental pool. The 2023 sale of a nearly identical unit in the same building at $450,000 provides a recent value anchor, though the market has shifted since.
The no-parking configuration is the primary constraint. It narrows the buyer pool to those who walk, cycle, or rely on public transport—a real but manageable limitation in this location. The single bathroom may also limit appeal for owner-occupiers who plan to share the space long-term. The building’s multi-level tower form means strata fees are likely higher than a low-rise apartment, and the absence of a confirmed build year makes it harder to assess future maintenance obligations. The 2016 sale at $515,000 suggests the current guide sits below that peak, which may reflect broader market conditions or the property’s specific floor level and aspect. Buyers should verify the exact floor and outlook before forming a final price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 101/8 Daly Street, South Yarra VIC 3141
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
South Yarra is a premium inner-city suburb favoured by professionals, with demand anchored by its proximity to the CBD and vibrant lifestyle. Recent market conditions show a divergence, with house prices experiencing a correction while the unit market demonstrates resilience, supported by strong rental demand and limited new supply. Future growth is underpinned by consistent buyer activity and tight rental vacancy, though affordability constraints and sensitivity to interest rate movements present key risks to watch.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
3044m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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