2317/3 Yarra Street, South Yarra VIC 3141

2317/3 Yarra Street, South Yarra VIC 3141
1 bed + car space in South Yarra | Rooftop amenity | Flood overlay noted | Rental yield potential This property competes on configuration rarity. A one-bedroom apartment with a dedicated car space in a central South Yarra location is increasingly uncommon, and that combination strengthens both owner-occupier appeal and investor demand. The rooftop amenity adds lifestyle value without the cost of a larger floorplan, and the rental estimate of around $605 per week suggests a yield that holds up against comparable stock. It suits a first-home buyer wanting a foothold in the suburb or an investor seeking a low-maintenance holding with solid tenant appeal. The flood overlay is the primary risk—it may affect insurance premiums and lender appetite, so this must be verified before proceeding. The variation in value estimates across platforms signals that recent comparable sales are the only reliable benchmark; relying on automated figures could misprice your offer. The NBN FTTP and 5G coverage are supporting conveniences, not value drivers. If the strata records are clean and the flood risk is manageable, this property functions best as a long-term hold with stable rental income and moderate capital growth tied to the suburb’s enduring demand.
Detailed Independent Property Report prepared  by PropCred Analyst team for 2317/3 Yarra Street, South Yarra VIC 3141
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ✕ 2
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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

1

Land

2168m²

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