17 Coolullah Avenue, South Yarra VIC 3141
17 Coolullah Avenue, South Yarra VIC 3141
Leafy cul-de-sac | character-rich stock | boutique scale | strong walkability | two distinct buyer pools
This property sits within one of South Yarra’s quieter, more established pockets, where the street itself carries a genuinely rare combination of low-rise character and immediate access to Hawksburn, Toorak Road, and the Yarra trails. The surrounding stock is a mix of interwar apartments and substantial period houses, which means the immediate streetscape feels settled and private rather than transient or high-density. For a buyer seeking a home with architectural personality, a green outlook, and the convenience of village living without the noise, this location delivers a level of everyday amenity that is hard to replicate. It suits owner-occupiers who value charm and walkability over new-build finishes, and who are prepared to trade modern uniformity for something with more texture and history.
The value picture here may be shaped by how the property sits within the street’s two very different sub-markets. If it is an apartment, its boutique scale and leafy setting could support a premium over more generic flats nearby, but the absence of newer building amenities might cap that advantage. If it is a house, the land component becomes the dominant factor, and the potential for heritage controls or limited parking could influence how much upside a buyer can extract. The rental profile for smaller units on the street suggests steady tenant demand, which may offer some comfort for investors, though the entry price for anything on this avenue will likely reflect the suburb’s broader prestige.
|| Comparable Sales: 11 Coolullah Ave sold around $3.5M–$4.8M range; 13 Coolullah Ave transacted in 2016 | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, period character, quiet cul-de-sac position
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Coolullah Avenue, South Yarra VIC 3141
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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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: 11 Coolullah Ave sold around $3.5M–$4.8M range; 13 Coolullah Ave transacted in 2016 | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, period character, quiet cul-de-sac position
Bedrooms
3
Bathroom
2
Parking
1
Land
1211m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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