32A Hardy Street, South Yarra VIC 3141

Refurbished townhouse, quiet street, east-facing courtyard | Walk to South Yarra station, shops, park | Auction May 30, agent Marshall White | Fits downsizer or professional couple This two-bedroom townhouse with a third room used as a home office offers a rare combination of a private east-facing courtyard and a heritage streetscape in South Yarra, where most stock is apartments. The floating timber stairs, stone kitchen, and oak floors signal a recent refurbishment that removes the need for immediate capital outlay. For a buyer seeking a lock-and-leave residence with strong walkability to Fawkner Park, Chapel Street, and the station, this property competes well against dated terrace stock and newer apartments lacking outdoor space. The primary risk is the absence of recent comparable sales data for the street, making the price guide a test of vendor expectation rather than market evidence. The heritage overlay restricts external changes, which may limit future expansion or renovation upside. Rental yield at approximately $835 per week is moderate for the price bracket, so the property suits an owner-occupier more than a pure investor. Hold for lifestyle and scarcity; any capital growth will come from land value and street amenity, not from structural improvement.