11/15 Copelen Street, South Yarra VIC 3141
11/15 Copelen Street, South Yarra VIC 3141
This is a 3-bedroom, 2-bathroom single-level apartment with 2 secure car spaces and a storage cage, positioned in an elevated north-facing aspect within the Copelen Towers complex. The master suite includes a spa ensuite and walk-through robes, and the study functions as a third bedroom. The property is zoned for Richmond Primary School and Prahran High School.
What is competitively strong here is the configuration. Three-bedroom apartments in South Yarra are uncommon, and this one offers genuine separation of space with the master suite on one side and the additional bedrooms on the other. The north-facing terrace and gas fireplace add a layer of liveability that many newer builds lack. The complex itself is established and secure, with a residents’ gym and lift access, which appeals to downsizers and professionals who want low-maintenance living without sacrificing square footage. The hilltop cul-de-sac location is genuinely private, yet minutes from the Yarra River trail and Chapel Street. This property best serves a buyer who values space and quiet over brand-new finishes, and who is looking for a long-term home rather than a quick flip.
The price guide sits below what comparable properties in the area have recently achieved, which may reflect the building’s age and the fact that it is not a new development. The interior finishes are solid but not contemporary, so a buyer should weigh the cost of any cosmetic updates they might want. The complex is well-managed, but older buildings can carry higher body corporate fees or special levies for major works. The property’s value is supported by its rare configuration and location, but the final price will depend on how much a buyer values those factors against the need for potential upgrades. The market for this type of property is steady, not hot, so there is room for measured negotiation.
Detailed Independent Property Report prepared by PropCred Analyst team for 11/15 Copelen Street, South Yarra VIC 3141
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✓
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.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
2.12 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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