14/388 Toorak Road, South Yarra VIC 3141

| No parking on title | Top-floor unit in 1970s walk-up | Rental yield around 7.6% but limited capital growth | No off-street parking is the primary risk The absence of a dedicated car space limits buyer appeal and exit liquidity, typically constraining capital growth to below the suburb median. The 1970s walk-up construction in a prime location offers functional entry-level accommodation but carries deferred maintenance risk that will surface as special levies. For a buyer, this property must be held for cash flow, not short-term appreciation; treat it as a yield play with a hard floor on resale value dictated by the parking deficit. Its competitive advantage is pricing—this unit sits well below the South Yarra apartment median due to the parking omission, making it one of the cheapest freestanding entries into the suburb. The top-floor position in a quiet setback from Toorak Road provides rare natural light and reduced street noise. This works best for a first-home buyer who walks or cycles and prioritises location over car ownership, or an investor seeking a sub-$350k entry point with a verified rental yield above 7%. The pricing is anchored by the undisclosed 2024 sale and consistent rental figures near $400-$440 weekly, confirming liquidity at this level. To move forward, book a private inspection to assess the 1970s building condition and body corporate minutes—the parking risk is known, but deferred maintenance remains the unknown that could change the yield math overnight.