13/403 Toorak Road, South Yarra VIC 3141

| Toorak Road entry level | Older brick block with double glazing | 1-bed with separate kitchen | Strong rental yield in premium suburb | Low price point for South Yarra | This unit offers a rare entry point into South Yarra at a price that sits below recent comparable sales in the same building, which have ranged from $305,000 to $360,000. The double glazing and split-system air conditioning are not standard in older brick blocks, and they meaningfully improve liveability and noise insulation for a Toorak Road position. The separate kitchen with breakfast bar and the large bedroom with mirrored robes give it a functional layout that suits first-home buyers or investors seeking a 6–8% gross rental yield, supported by the nearby unit achieving $525 per week. The main risk is the building’s high turnover—50% of owners have held for less than three years—which may signal underlying issues with owner-occupier satisfaction or body corporate costs. The lack of dedicated parking is a constraint for car-dependent buyers, though the tram and Hawksburn station proximity mitigates this. The opportunity lies in the Expressions of Interest process testing the upper guide: a bid near $330,000 still leaves room for modest capital growth given South Yarra’s long-term demand. Hold for steady rental income or as a low-maintenance city-fringe base.