505/657 Chapel St, South Yarra is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1994. While the property is not currently for sale or for rent, it was last sold in March 2023.
Situated in this landmark building, this three bedroom corner apartment combines space, light and views in the heart of South Yarra's vibrant retail and caf precinct, while being only moments to the Yarra River walking trails.
This oversized apartment, with balconies and an expansive terrace, has a versatile floorplan which delivers light-filled living and dining with bay window and views over South Yarra.
Off the living zone, the central kitchen has stone benchtops, stainless steel appliances and French doors to a Juliet balcony overlooking Chapel Street, while the corner balcony provides long views of the street and urban landscape.
The first bedroom, with a fitted walk-in robe and stone ensuite, is accompanied by two more bedrooms, which are served by a central bathroom. The larger of these, set at the rear of the apartment, includes a wall of storage and opens through glazed doors to a generous, airy terrace with rooftop vistas.
Newly painted, it includes new bedroom carpets, heating, cooling, powder room, Euro laundry, security entrance, 2 car parks and storage cage.
Offering an enviable inner city lifestyle, this apartment's broad appeal is likely to range from busy professionals to small families or anyone wanting to take advantage of this prime position, just steps to 670 Chapel, cafes, boutiques, the Como Centre, Toorak Rd and Chapel St trams, South Yarra station and the Yarra River parklands.
Melbourne Boys' High School is around the corner, while many of Melbourne's most desirable private schools are a short commute away.
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 26,713 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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