5/17 Como Avenue, South Yarra VIC 3141

South Yarra townhouse | heritage overlay | private deck & garden | zoned for Richmond Primary This three-bedroom townhouse presents a competitively rare offering in a core South Yarra pocket, combining a private outdoor domain with a heritage overlay that constricts new supply, enhancing its long-term scarcity. Its configuration and school zoning suit an owner-occupier seeking entry into a high-amenity location with proven capital growth fundamentals, where the land component and low turnover history signal underlying value. The primary risk is the significant valuation gap between the asking price and automated estimates, demanding immediate, independent appraisal to anchor your bid. The heritage overlay limits renovation scope, a cost for buyers seeking modernisation. Proceed only at a price reflecting its unrenovated condition, targeting a hold period that capitalises on land value inflation in this tightly held precinct.