903/1 Clara Street, South Yarra VIC 3141

| flood overlay | study nook | gym & steam room | 9 days on market | near Chapel Street | A known flood overlay introduces insurance cost and resale friction. The north-facing balcony with city views captures natural light and reduces reliance on artificial heating, offsetting one risk of Melbourne’s climate. The combination of on-site gym, intercom security, and an enclosed study nook offers genuine live-work advantage over most entry-level apartments. This unit functions best as a low-maintenance owner-occupier hold, less suited for an investor chasing aggressive short-term yield. Competitively, the sleek open-plan layout and stone surfaces are rare in this price band within South Yarra. The proximity to South Yarra Station and the Botanic Gardens provides a locational premium that supports rental demand if circumstances change. This property suits a first home buyer or young professional seeking immediate lifestyle access paired with a defensible floor plan. Arrange a private inspection to assess the flood overlay’s actual risk and confirm the study nook’s dimensions for your work needs. Recent comparable sales: Unit 1202 (two bedroom) at $690,000 and Unit 712 (one bedroom) at $350,000. This unit’s kitchen and bathroom upgrades justify a position above the lower sale, with the balcony and gym improving liveability over the base one-bedroom standard.