607/651 Chapel StreetSouth Yarra VIC 3141
Property Details for 607/651 Chapel St, South Yarra
607/651 Chapel St, South Yarra is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 824m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in October 2014.
Last Listing description (September 2014)
SERVICED APARTMENT - RETURNS UP TO 7.8% AT QUEST ON CHAPEL
Make the most of a prime investment opportunity, with this brilliantly located and excellently maintained serviced apartment in the Quest on Chapel building. This spacious serviced apartment is ideal for investors seeking a prized residence with secure rental return of $25,400 per annum with a further two (2) x five (5) year options. Following the rent review after each term, you will also receive an annual 4% rental increase.
The modern kitchen boasting quality appliances is combined with a large open plan dining and living area which is bathed in light and opens to a private balcony overlooking South Yarra. The generous and bright bedroom suite enjoys a relaxing ensuite. Additional features includes study nook, secure intercom entrance, laundry, and centralized heating and cooling
Enquire today to avoid missing out on this highly rewarding investment opportunity.
Property History for 607/651 Chapel St, South Yarra, VIC 3141
- 08 Oct 2014Sold for $300,000
- 25 Aug 2014Listed for Sale $300,000-$325,000
Recent sales nearby
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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 26,714 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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