21/213 Williams Road, South Yarra VIC 3141
21/213 Williams Road, South Yarra VIC 3141
Rear top-floor corner | north-west aspect | quiet rear position | stable block with 60% owner-occupied | walkable to station and market.
This unit’s rear top-floor corner placement with north-west aspect is a competitive advantage in a 1970s block, delivering natural light and street-noise reduction that similar units lack. The 60% owner-occupied block signals lower turnover and more stable common-area management, reducing buyer risk. For a first-home buyer or investor, the walkable proximity to Hawksburn Station, Prahran Market, and Fawkner Park supports both lifestyle appeal and rental demand at comparable yields near 6%. The functional layout offers immediate liveability without forced renovation.
The older build and modest historical growth in comparable units—ranging from flat to slightly negative annual returns—means capital appreciation is not a near-term driver. A building and strata inspection is essential to assess sinking fund health and potential special levies. The opportunity lies in holding for steady rental income or adding value through mid-century renovation, not flipping. Use this property as a long-term hold for yield and location convenience.
Detailed Independent Property Report prepared by PropCred Analyst team for 21/213 Williams Road, South Yarra VIC 3141
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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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
1
Bathroom
1
Parking
-
Land
1014m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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