804/1 Almeida Cres, South Yarra VIC 3141

804/1 Almeida Cres, South Yarra VIC 3141
2-bed 2-bath in Capitol Grand | hotel-style amenity package | Toorak Road urban village | level 8 with panoramic views | no private land This two-bedroom two-bathroom apartment is considered competitively strong for its combination of size, amenity, and location within the South Yarra market. The newer prestige tower offers a finish and service rarely found in older apartment stock. With two full bathrooms and a generous internal area, it is well suited to professional couples and downsizers seeking low-maintenance living without compromising on space or quality. The amenity package including pool, gym, and concierge adds real lifestyle value, positioning this property above typical entry-level options in the suburb. Its position on a high floor provides a distinct visual advantage over lower-level units in the building. The property’s value may be influenced by its floor level within a taller building, where views and outlook might be partially shared or obstructed above the eighth floor. The urban corner location could introduce more street noise than a quieter residential street. As an apartment without separate land, appreciation is driven more by building quality and demand for premium living than by land scarcity. These factors might moderate long-term growth relative to houses in the area, but the property’s profile remains attractive for its segment.
Detailed Independent Property Report prepared  by PropCred Analyst team for 804/1 Almeida Cres, South Yarra VIC 3141
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ✓
Income Risk ✕ 2
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

2

Parking

1

Land

1.26 acres

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