13/36 Grange Road, Toorak VIC 3142

Private rear position | tightly held Mayfair Gardens | strong owner retention | renovation upside in blue-chip Toorak This one-bedroom unit in a boutique 25-property complex offers a rare entry point into Toorak, where low turnover signals desirability and limited supply. The rear positioning provides genuine privacy and reduced street noise, a competitive edge over front-facing apartments. It is best suited to a renovator or investor seeking value-add in a premium postcode, with comparable sales between $530,000 and $662,500 confirming a broad price floor depending on condition and outlook. The primary risk is the interior likely being original, requiring a budget for updating that should be weighed against the building’s age and owner corporation fees. However, the upside lies in capturing the gap between an unrenovated price and the higher end of comparable sales, especially as the complex is tightly held. A buyer should treat this as a medium-term hold, renovating to lift rental appeal or resale value, and avoid overpaying for a property that demands capital outlay.