508/508-A Punt Rd, South Yarra is a 8 bedroom, 3 bathroom House with 2 parking spaces and was built in 1920. The property has a land size of 523m2 and floor size of 96m2.
A rare period legacy in a sought after South Yarra locale, two substantial dwellings on the one title with multiple courtyard gardens and outdoor entertaining areas create a private oasis set on an elevated allotment (approx 522sqm) and located only moments to the Yarra River and Royal Botanic Gardens. This unique city offering is currently configured as two homes and a basement apartment, tried and tested as a successful rental with endless scope to create a versatile and truly remarkable family home or reap the rewards of this diverse investment opportunity on the city fringe. The front home includes an enclosed front porch, entrance foyer, front and rear courtyards, three generous and sunny bedrooms, an expansive central lounge/dining with period detailing, functional bathroom, kitchen with gas cooktop and a sizeable laundry/sunroom. The home to the rear incorporates four bedrooms flooded with natural light, lounge room with study or dining nook, bathroom, laundry plus a large kitchen/meals area opening to the extensive backyard with timber decking. The basement apartment with separate entrance offers a bedroom (BIRs), open plan gas kitchen, lounge, bathroom with WM facilities, separate toilet and a private courtyard. Further attributes include five carspaces between the homes including two separate carports for three cars, under-house storage, dishwasher and ducted heating/cooling.
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 26,618 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:
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