2702/3 Yarra Street, South Yarra VIC 3141
2702/3 Yarra Street, South Yarra VIC 3141
2702/3 Yarra Street, South Yarra VIC 3141 is a 2-bedroom, 2-bathroom apartment with 2 car spaces in a large residential tower lot of 2,168 m². The property was listed for sale as an apartment in South Yarra. It is reported as being on the 27th floor, marketed with floor-to-ceiling glazing, open-plan living/dining, panoramic views, and rare double parking; the listing also indicates it was last sold in 2013 and is currently offered around $850,000–$900,000.
27th-floor double parking rare in South Yarra | panoramic views | flood overlay present | zoned Toorak Primary and Prahran High
This apartment is positioned as a notably rare configuration in South Yarras high-rise market. The combination of two car spaces and a 27th-floor outlook with sweeping views is not commonly found in this precinct, where smaller apartments and limited parking prevail. Floor-to-ceiling glazing and open-plan living support a premium, light-filled interior that suits downsizers or professional couples seeking a lock-and-leave lifestyle close to Chapel Street and the station. The double parking is a strong practical advantage for households with cars, and the high floor provides a sense of separation from street-level activity. It serves owner-occupiers who prioritise views and parking over ground-level garden space, and it may also appeal to investors given the estimated rental return of around $830 per week.
The recorded flood overlay is the most material factor that may affect the propertys value or sale price, potentially influencing insurance premiums or buyer perception of risk. The absence of confirmed detail on internal finishes, balcony size, outlook obstructions, and owners corporation fees means the final price may hinge on inspection-level verification. The properties last sale in 2013 is a distant benchmark, so current market conditions and the quality of the building envelope will play a larger role in shaping an appropriate offer. Buyers should weigh the positioning advantage against any latent costs tied to the overlay or strata.
Detailed Independent Property Report prepared by PropCred Analyst team for 2702/3 Yarra Street, South Yarra VIC 3141
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
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
2
Parking
2
Land
2168m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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