16/3 Barnsbury Road, South Yarra VIC 3141
16/3 Barnsbury Road, South Yarra VIC 3141
Unit in small strata complex | South Yarra walkable pocket | Compact investor-grade holding | Strong rental liquidity | Mixed heritage character
This unit sits within a small multi-dwelling complex on Barnsbury Road, where the street blends period houses with older apartment stock. It is best suited to an investor or entry-level buyer wanting inner-suburban convenience rather than space or land. The position is genuinely strong: Hawksburn Station, Chapel Street, Prahran Market, and Toorak Village are all within easy walking distance, which supports consistent tenant demand. As a strata unit, it offers a lower-maintenance holding than a house, with secure parking and building amenities likely included in the complex. The compact configuration is typical of investor-grade South Yarra stock, and for that buyer it represents a practical, liquid entry point into an established suburb where detached houses trade at a significant premium.
Value may depend heavily on internal condition and floor level, as these are not confirmed from available evidence. The unit might offer less capital growth potential than nearby houses, given its small land content and the mixed performance of apartment stock in the street. Heritage overlays on some neighbouring properties could also limit future redevelopment in the immediate area, though this is unlikely to affect a strata unit directly. Rental yield is a clear strength, and the absence of major negatives suggests price should be driven primarily by presentation, layout, and complex quality.
Detailed Independent Property Report prepared by PropCred Analyst team for 16/3 Barnsbury Road, South Yarra VIC 3141
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
South Yarra is an inner-Melbourne prestige market driven by professionals, with 47% of owners mortgaged. House prices have declined 4.9% to 13.97% over the past year, leaving medians between $1,880,000 and $2,050,000 and days on market at 33–40. Units are stronger: median prices rose 0.46% to 3.6%, to $547,500–$570,000, with yields of 5.4%–5.9% and rents around $600–$620 weekly. Demand is supported by CBD proximity, lifestyle amenity, and limited new apartment supply, with 142–149 house sales annually. Key risks are affordability, high entry prices, and forecast rate cuts of 0.50–0.75% by early 2026, which may soften rental demand.
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PropCred Estimated Value
Comparable Sales: 17/9–11 Barnsbury Road sold for $290k; 7/9–11 Barnsbury Road sold for $290k | Property Price Band: $300k–$400k | Value Drivers: condition, layout efficiency, complex amenity
Bedrooms
2
Bathroom
1
Parking
-
Land
1134m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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