3a/238 Toorak Rd, South Yarra is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 1 bedroom Unit sold in South Yarra in the last 12 months.
Nestled in one of Melbourne's most prestigious inner-city enclaves, this north-facing apartment offers exceptional potential for immediate enjoyment or future enhancement. Spanning approximately 60 sqm within an intimate block of just 14 residences, it features generous 2.5m high ceilings, soft carpet throughout and remarkably low Owners Corporation fees-delivering a rare combination of space, comfort and affordability in a tightly held building.
Currently leased, the property provides steady income while presenting clear upside for owner-occupiers or investors seeking to unlock its full potential through personal touches or modernisation.
The location is unrivalled: positioned on one of South Yarra's most iconic and historic thoroughfares, steeped in the area's rich heritage of elegant Victorian-era development and evolving into a vibrant lifestyle hub. Enjoy effortless access to the best of inner Melbourne-moments from the designer boutiques, acclaimed cafes and restaurants along Chapel Street (just a short stroll away), while South Yarra Station is only metres from the door for seamless CBD connectivity (approximately 4 km to the heart of the city). Prahran Market, Fawkner Park and the Royal Botanic Gardens are all within easy walking distance, blending timeless prestige with contemporary convenience in one of Melbourne's most sought-after suburbs.
A rare opportunity in a proven blue-chip pocket-ideal for those who appreciate refined living with strong long-term value
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 26,717 properties. Over the last 5 years, Houses in South Yarra have seen a -17.13% decrease in median value, while Units have seen a -9.17% decrease. As at 31 July 2026:
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