4/119 Alexandra Avenue, South Yarra VIC 3141
4/119 Alexandra Avenue, South Yarra VIC 3141
4/119 Alexandra Avenue, South Yarra VIC 3141 is a 3-bedroom, 2-bathroom, 2-car apartment in a 591 m² residential lot, in Stonnington. The property was listed for sale as an apartment in South Yarra. Available listing text describes it as a boutique low-rise residence within the LEX complex, with a north-west aspect overlooking the Yarra River, engineered French oak flooring, open-plan living/dining, study nook, full laundry, reverse-cycle heating and cooling, alarm, video intercom, storage cage, and two secure car spaces.
Spacious riverfront apartment | boutique low-rise | three-bedroom with two car spaces | scarce configuration in Stonnington | north-west aspect
This apartment is competitively rare for its combination of size, parking, and riverfront positioning within South Yarra. Most apartment stock in the suburb is smaller, older, or investor-oriented, whereas this unit offers three bedrooms, two bathrooms, and two car spaces in a boutique low-rise complex of only eight residences. The north-west aspect overlooking the Yarra River and plane trees delivers a level of outlook and natural light that is difficult to find in typical apartment buildings. The finishes, including engineered French oak flooring and a main suite with a freestanding bath and twin vanities, are clearly aimed at owner-occupiers who value quality over yield. This property serves downsizers seeking a spacious, single-level home with lift-free access, affluent professionals wanting walkability to Chapel Street and the CBD, or families who need the extra bedroom and secure parking. The LEX complex, designed by Rothelowman with interiors by Stuart Rattle, adds architectural credibility that supports long-term desirability in a market where character and scale matter.
The value of this apartment may be influenced by its position within the building and the floor level. Being one of two units on the second floor in a low-rise building means it avoids ground-level noise but may not offer the same prestige as a top-floor residence. The absence of an elevator in a boutique building might be a practical consideration for some buyers, though it also keeps the complex small and private. The lack of known overlays on the land reduces planning risk, but the property’s riverfront aspect means any future development along the Yarra corridor could alter the outlook, which is a factor a buyer should assess. The two car spaces are a genuine advantage in this pocket, where parking is often constrained, and this may support stronger demand and price resilience compared to similar apartments with fewer spaces. The school catchment zoning to Richmond Primary School and Melbourne Girls College adds appeal for family buyers, though this should be verified directly.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/119 Alexandra Avenue, South Yarra VIC 3141
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
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
3
Bathroom
2
Parking
2
Land
591m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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