1509/7 Yarra Street, South Yarra VIC 3141
1509/7 Yarra Street, South Yarra VIC 3141
This is a 3-bedroom, 2-bathroom apartment on the 15th floor at 1509/7 Yarra Street, South Yarra, formed by combining two original units. It includes two parking spaces and a balcony with sweeping views. The configuration is rare for the area, and the high floor position commands a premium.
What is competitively strong here is the combination of a rare three-bedroom layout with a prized high-floor position, which is uncommon in South Yarra’s apartment stock. The property was created by merging two units, resulting in more generous proportions than typical builds, and the balcony provides genuine outlook and light. It sits in a prestigious address within a mature high-rise corridor, appealing most to professional couples or investors seeking a lifestyle-oriented property with parking and space. The floor level and aspect give it a distinct advantage over lower-floor or smaller apartments in the same suburb.
What may materially affect value is the lack of disclosed building amenities, which could narrow appeal compared to newer towers with pools or gyms. The combined-unit configuration might also influence resale liquidity, as some buyers prefer original single-unit layouts. Maintenance fees in an older high-rise may be higher than expected, though this is not quantified. The rental yield is supported by strong inner-city demand, but the price guide suggests a premium that requires careful comparison to similar high-floor stock.
Detailed Independent Property Report prepared by PropCred Analyst team for 1509/7 Yarra Street, South Yarra VIC 3141
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1145m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!