42 Darling StreetSouth Yarra VIC 3141
Property Details for 42 Darling St, South Yarra
Last Listing description (September 2026)
Expressions of Interest Closing Tue 6 Oct 3.30pm.
An entire South Yarra apartment building offered as a whole, 42 Darling Street presents an exceptional opportunity to secure twelve individually strata titled, two bedroom apartments in one of Melbourne's most consistently sought after rental locations. Eleven of the twelve are currently leased, providing an established income stream from day one, together with the flexibility to hold, enhance or progressively sell the apartments individually over time.
Each residence follows a split level two bedroom format, with spacious living and dining, kitchen, private balcony, double bedrooms with built in robes and its own undercover car space. The individual titles add another dimension to the investment, giving a purchaser the freedom to retain the building as a substantial residential holding or consider a staged sell down in the future.
South Yarra Station and Toorak Road are within an easy walk, with the Yarra River and its walking and cycling trails, the Royal Botanic Gardens and South Yarra's extensive dining and retail precinct all close at hand. Excellent transport and exceptional walkability continue to underpin strong tenant demand in this tightly held inner Melbourne location.
Hold the twelve, progressively enhance them or sell individually over time. With eleven apartments currently leased, twelve strata titles and a position that continues to attract renters and owner occupiers alike, 42 Darling Street presents a substantial South Yarra investment with income, flexibility and genuine long term potential.
Property History for 42 Darling St, South Yarra, VIC 3141
- 04 Sep 2026Listed for Sale EOI Closing 6 Oct 3.30pm $7,300,000 - $8,000,000
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0About 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 26,711 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:
- The median value for Houses in South Yarra is $1,955,285 while the median value for Units is $579,334.
- Houses have a median rent of $910 while Units have a median rent of $630.
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