107/31 Malcolm Street, South Yarra VIC 3141

3-bedroom apartment | South Yarra lifestyle building | below suburb median | flood overlay noted This property presents a rare configuration advantage in South Yarra, where three-bedroom apartments are scarce and typically command a significant premium over the suburb median. The resort-style amenities including pool, gym, and tennis court add lifestyle appeal that strengthens rental demand, particularly for tenants seeking longer stays. The building’s tenure mix shows nearly a third of residents have held for over a decade, suggesting stable occupancy and well-maintained common areas. This unit is best suited to owner-occupiers wanting a larger home in a premium location without paying house prices, or investors targeting the upper end of the rental estimate range. The flood overlay is the primary risk and should be investigated through council records and building insurance history, as it may affect future resale or insurance costs. The price guide sits notably below both the estimated value and the suburb median, which could indicate either genuine value or factors like interior condition, building age, or vendor motivation that require inspection. The high renter proportion in both the suburb and building may affect loan assessments for some buyers, but also supports the rental yield case.