1706/35 Malcolm Street, South Yarra VIC 3141

1706/35 Malcolm Street, South Yarra VIC 3141
High floor north aspect | Vogue complex quality | Tenant secured to 2027 | Above suburb yield The property’s competitive strength lies in its high-floor north orientation within a well-regarded complex, offering rare panoramic city views that are difficult to replicate in this price band. The existing tenant lease through February 2027 provides immediate income security, and the gross yield exceeding 7% outperforms the suburb median by a clear margin, making this suitable for an investor prioritizing cash flow over short-term capital gain. The 61 m² layout with timber flooring and balcony access is efficient for rental appeal. The primary risk is the absence of recent comparable sales data for this specific unit, leaving valuation uncertain against the current price guide. The buyer pays for a premium view and tenant in place, which may compress future capital growth if the market softens. The opportunity is a stable hold with above-market rental return, and the property should be managed as a long-term income asset rather than a flip.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1706/35 Malcolm Street, South Yarra VIC 3141
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk ! 1
Income Risk
Execution Risk ! 1
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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.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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