102/687 Toorak Road, Kooyong VIC 3144
102/687 Toorak Road, Kooyong VIC 3144
Rare corner apartment with wrap terrace|First floor light-filled layout|Heritage precinct security|Dual secure parking appeal. This two-bedroom apartment on a 933sqm lot suits downsizers or professionals valuing quiet outdoor access amid urban convenience. Its rear corner position on the northeast delivers whisper-quiet living with abundant natural light flooding the open plan spaces, setting it apart from street-facing units in the block. The expansive wrap-around terrace extends practical living outdoors, ideal for low-maintenance entertaining without the upkeep of a house. Within the building’s heritage overlay, it benefits from preserved character that limits new supply, enhancing scarcity in Kooyong’s boutique apartment scene. Buyers drawn here tend to be affluent couples or retirees seeking dual bedrooms with ensuites, study nooks, and two basement parks- rarities that support flexible home offices or guest stays. Similar two-bedroom units on Toorak Road have traded steadily, often holding value through tram-proximate appeal and proximity to Kooyong Gardens. Long-term, the generous lot allocation per apartment underpins holding strength, as strata titles rarely expand in this established enclave. Double glazing and Miele appliances add modern efficiency to the first-floor ease, positioning it firmly for enduring demand over flashier newcomers. Market signals point to resilient performance for such light-enhanced, terrace-equipped stock.
Detailed Independent Property Report prepared by PropCred Analyst team for 102/687 Toorak Road, Kooyong VIC 3144
Market Insight:
Kooyong is a small but highly prestigious suburb within Melbournes inner-east. Housing demand is dominated by affluent buyers seeking luxury homes near elite schools and the CBD. Property prices rank among Melbournes highest due to extremely limited housing supply. Prestige reputation continues to underpin demand.