504/2 Claremont Street, South Yarra VIC 3141

Balcony depth | strata land share | two-bedroom floorplan | South Yarra pocket | owner-occupier appeal The property’s competitive edge rests on a generous balcony and a full two-bedroom floorplan within a building that holds a meaningful share of a 914m² site — rare for a modern apartment in this pocket. The open-plan layout with stone benchtops and integrated appliances supports low-maintenance living, while the secure car space and FTTP connection add convenience. This unit suits a buyer seeking a permanent home or a long-hold rental in a precinct where owner-occupier demand remains firm and rental yields are above the suburb median. The main risk is the building’s high rental skew — 60 percent tenants — which can affect common-area care and resale timing. The 2024 sale price suggests limited short-term capital growth, and the carport rather than a garage may narrow appeal. Opportunity lies in holding for rental income at an estimated $730 weekly, which supports a conservative yield against the $550,000–$600,000 guide. For a buyer, treat this as a stable income property or a comfortable home, not a flip.