2004/35 Malcolm Street, South Yarra, VIC 3141 | Apartment for sale | OnTheHouse
FOR SALE
$705,000 - $725,500

2004/35 Malcolm Street
South Yarra VIC 3141

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Save

ESTABLISHED TURNKEY SHORT-STAY INVESTMENT | PROVEN 5.15% NET YIELD | SOUTH YARRA

ESTABLISHED TURNKEY SHORT-STAY INVESTMENT | PROVEN 5.15% NET YIELD | SOUTH YARRA
Offers over $705,000. Sale for use as a private home may be considered with a strong offer.
An opportunity to acquire a fully operational, professionally managed and completely furnished short-term rental investment in the heart of South Yarra, with a proven multi-year income history and an established management arrangement already in place.
Positioned on Level 20 of the Vogue Building, just off Chapel Street, this spacious two-bedroom apartment combines panoramic Melbourne views, extensive resort-style facilities and a highly successful short-term rental operation.
Unlike an apartment being marketed on projected or theoretical rental returns, this property has an established record of producing consistent net income after all ownership and operating expenses.
PROVEN NET RETURNS - AFTER ALL COSTS
The property has produced the following net income:
2023-24: $35,572 - equivalent to 5.05% at $705,000
2024-25: $36,823 - equivalent to 5.22% at $705,000
2025-26: $36,291 - equivalent to 5.15% at $705,000
See MoreView Statement of Information

Property Details for 2004/35 Malcolm St, South Yarra

2004/35 Malcolm St, South Yarra is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 86m2. The place is currently for sale with For Sale By Owner Australia Pty. Ltd..

Building Type
Apartment
Floor Size
86m2
Commute Calculator

About South Yarra 3141

The size of South Yarra is approximately 3.6 square kilometres. There are 19 parks, covering nearly 19.1% of the total area. The population of South Yarra in 2016 was 25147 people. By 2021 the population was 25028 showing a population decline of 0.5% in the area during that time. The predominant age group in South Yarra is 20-29 years. Households in South Yarra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Yarra work in a professional occupation.In 2021, 35.50% of the homes in South Yarra were owner-occupied compared with 32.60% in 2016.

South Yarra has 26,624 properties. Over the last 5 years, Houses in South Yarra have seen a -19.78% decrease in median value, while Units have seen a -7.48% decrease. As at 31 August 2026:

  • The median value for Houses in South Yarra is $1,876,468 while the median value for Units is $594,082.
  • Houses have a median rent of $905 while Units have a median rent of $625.
There are currently 56 properties listed for sale, and 57 properties listed for rent in South yarra on OnTheHouse. According to Cotality's data, 1210 properties were sold in the past 12 months in South yarra.

Suburb Insights for South Yarra 3141

Market Insights
South Yarra Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Yarra Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agent
agent headshot
For Sale By Owner (VIC)
Show contact details
For Sale By Owner Australia Pty. Ltd.
Preferred contact:
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.