8/79 Alexandra Avenue, South Yarra VIC 3141

8/79 Alexandra Avenue, South Yarra VIC 3141
Art Deco riverfront | north-facing botanic outlook | no parking constraint | Howard Lawson pedigree | renovation-ready shell The apartment is positioned within a smaller Art Deco building on the riverfront edge of South Yarra. Its north-facing aspect and outlook over the Royal Botanic Gardens and Yarra River are considered strong location assets. The Howard Lawson design is noted as a distinguishing feature that attracts buyers with an appreciation for architectural heritage. The property’s configuration as a two-bedroom unit without a car space is understood to suit a specific buyer profile—those who prioritise walkability and lifestyle convenience over parking. This unit is best matched to owner-occupiers or investors targeting tenants who value character and a premium address over modern finishes and building amenities. The lack of a confirmed car space may be a material factor in price negotiation, particularly among buyers who require vehicle access. The bedroom count discrepancy between sources might create confusion during marketing and could affect how the property is valued against comparable units. The need for a full renovation introduces uncertainty around the final cost and timeframe, which may be reflected in the sale price. Any heritage restrictions could limit the potential for alterations, so the buyer’s plans should be aligned with the building’s character constraints
Detailed Independent Property Report prepared  by PropCred Analyst team for 8/79 Alexandra Avenue, South Yarra VIC 3141
Checks found:
Value Risk ✓
Liquidity Risk ! 1
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

2

Bathroom

1

Parking

-

Land

796m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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