485 Punt Road, South Yarra VIC 3141

Double-fronted Victorian | five-bed park outlook | secure triple garage | heritage facade with contemporary interior This property presents a competitively rare configuration for South Yarra, combining a five-bedroom, three-bathroom family footprint with secure triple garaging—a scarcity in this dense, inner-city locale. Its immediate proximity to Fawkner Park, with bedrooms capitalising on that aspect, and a quiet lane approach for vehicles, creates a compelling proposition for a family seeking space and amenity without compromising on position. The transformation behind the preserved Victorian facade delivers modern utility, aligning with premium buyer expectations. The primary constraint is the heritage overlay, which legally enforces preservation costs and limits alteration potential, embedding a permanent maintenance liability. The internal area, while efficiently planned, is notably compact against typical freestanding houses in the suburb, trading absolute space for land position. For a buyer, the commercial logic is in holding the property as a long-term primary residence to fully capitalise on the park-side living and school zoning; its rental yield does not support a passive investment thesis. Proceed only if the configuration precisely matches a family’s spatial needs for the decade. Recent comparable sales data is limited, but the property’s own sales history is instructive: – 485 Punt Road: Last sold 2021 for $1.701m. – 1/485 Punt Road (adjacent unit): Estimated value ~$948,000. The near-doubling of the price estimate since 2021 reflects both market movement and the capital invested in its transformation, signalling that its current premium is anchored in its recent upgrade and unique attributes rather than general suburb growth alone.