705/8 Garden Street, South Yarra VIC 3141

2-bedroom apartment | 71sqm | Noir complex | South Yarra | Chapel Street edge This property offers a compact but efficient 71sqm floorplan within a well-regarded complex, positioned just off Chapel Street. The engineered timber floors and integrated appliances reduce immediate post-settlement costs, making it suitable for owner-occupiers seeking a low-maintenance start or investors targeting the professional tenant demographic. Its location provides strong rental demand and capital resilience due to proximity to retail, dining, and transport infrastructure. The primary risk is the limited land component relative to the apartment size, which may constrain long-term capital growth compared to houses or larger units in the same suburb. The 2018 sale history indicates a stable but not exceptional price trajectory. Buyers should verify body corporate fees and any upcoming special levies, as these can erode net returns. For an owner-occupier, this is a solid foothold in a desirable postcode; for an investor, it suits a hold strategy with moderate yield expectations.