352 Punt Road, South Yarra VIC 3141

352 Punt Road, South Yarra VIC 3141
2-bed, 1-bath with 2 car spaces | Heritage overlay on a large or compact site | South Yarra arterial address | Courtyard and fenced layout | Long-held, character-driven offering What stands out here is the combination of parking, a courtyard, and a fenced ground-level format in a suburb where most stock is high-density apartments without those features. The heritage overlay adds a layer of character and permanence that appeals to buyers wanting something with a sense of place rather than a generic new build. This property likely suits a downsizer, a professional wanting inner-city convenience with private outdoor space, or an investor drawn to steady rental demand. The 2-bed, 1-bath configuration is practical and broadly marketable, and the car spaces are a genuine edge in this pocket. The main factors to weigh are the conflicting land-size figures and the dwelling classification across public records. If the larger site figure is accurate, the heritage overlay might limit redevelopment but could still offer long-term potential. If the smaller figure applies, the property is more conventional for the area. The arterial-road location may introduce traffic noise, which could temper price growth compared to quieter streets. Rental yield appears moderate, so the value case leans more on lifestyle and location than on high returns. Condition and presentation will likely be decisive in how the final price lands. || Comparable Sales: 4/821 Punt Rd sold $640,000 Oct 2024; 7/765 Punt Rd marketed $335k–$355k | Property Price Band: $1.1M–$1.2M | Value Drivers: land size confirmation, heritage character, parking and courtyard layout
Detailed Independent Property Report prepared  by PropCred Analyst team for 352 Punt Road, South Yarra VIC 3141
Checks found:
Value Risk ! 1
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ! 1
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Market Insight

South Yarra is an inner-Melbourne prestige market driven by professionals, with 47% of owners mortgaged. House prices have declined 4.9% to 13.97% over the past year, leaving medians between $1,880,000 and $2,050,000 and days on market at 33–40. Units are stronger: median prices rose 0.46% to 3.6%, to $547,500–$570,000, with yields of 5.4%–5.9% and rents around $600–$620 weekly. Demand is supported by CBD proximity, lifestyle amenity, and limited new apartment supply, with 142–149 house sales annually. Key risks are affordability, high entry prices, and forecast rate cuts of 0.50–0.75% by early 2026, which may soften rental demand.
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PropCred Estimated Value

Comparable Sales: 4/821 Punt Rd sold $640,000 Oct 2024; 7/765 Punt Rd marketed $335k–$355k | Property Price Band: $1.1M–$1.2M | Value Drivers: land size confirmation, heritage character, parking and courtyard layout

Bedrooms

2

Bathroom

1

Parking

2

Land

1605m²

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