301/38 Cunningham Street, South Yarra VIC 3141

2 bed, 2 bath, 1 car | 2016 build, 76 lots | South Yarra, near Chapel St | Estimated value circa $900k This apartment’s competitive strength lies in its modern 2016 construction and a two-bedroom, two-bathroom configuration with parking, a combination that is increasingly scarce in South Yarra’s inner-city market. The position near Chapel Street, South Yarra Station, and Prahran Market delivers a lifestyle edge that supports both owner-occupier appeal and strong rental demand. The property is best suited to professionals or downsizers seeking low-maintenance living in a high-amenity pocket, where the building’s 76-lot scale suggests manageable owners corporation costs without sacrificing facilities. The estimated value around $900,000 places it within a price band that attracts broad buyer interest, adding liquidity to any future sale. The primary risk is the lack of current sales data, meaning the estimated value is a proxy that may not reflect true market depth for this specific floor plan or aspect. Buyers should verify recent comparable sales within the same complex, as apartment values can vary significantly by level and orientation. The opportunity is in securing a modern, well-configured unit in a location where supply of similar stock is constrained, which provides a buffer against depreciation. This property is best held as a long-term residence or stable rental, with capital growth driven by the enduring appeal of South Yarra’s location rather than short-term speculation.