708/7 Yarra StreetSouth Yarra VIC 3141
Property Details for 708/7 Yarra St, South Yarra
708/7 Yarra St, South Yarra is a 1 bedroom, 1 bathroom Unit and was built in 2011. The property has a land size of 1146m2 and floor size of 39m2.This Property is currently listed for sale with JWC PROPERTY GROUP
Last Listing description (October 2026)
An outstanding opportunity for investors seeking secure, low-maintenance income in one of Melbournes most sought-after inner-city locations. Positioned in the heart of South Yarra, this recently refurbished property is securely leased to Punthill Yarra, providing consistent rental income backed by an established hotel accommodation operator. Investment Highlights: Price guide: $300,000$330,000
Current rent: $2,037.06 per month
Annual rental income: approximately $24,444.72
Net annual income after owner-paid outgoings: approximately $21,464.03
Net rental yield: approximately 6.5%7.2%
Secure five-year lease
Lease commenced: 5 August 2024
Lease expires: 4 August 2029
Established hotel accommodation operator
No need to source or manage a residential tenant Outgoings Paid by the Owner:
Council rates: $1,149.64 per annum
Water rates: $704.00 per annum
Owners Corporation Maintenance Fund: $1,127.05 per annum Outgoings Paid by the Tenant:
Owners Corporation Administration Fund
General property maintenance
Building insurance This means the owner is not responsible for the Owners Corporation Administration Fund, general maintenance or building insurance under the current lease. The tenancy ledger confirms the current rent of $2,037.06 per month, effective from 5 August 2026. Offering an attractive return, clearly defined owner outgoings and a secure lease, this property is an ideal set-and-forget investment for buyers focused on reliable cash flow and long-term income security. Conveniently located close to Chapel Street, Toorak Road, South Yarra Station and the Yarra River. Private Inspections Only For further information or to arrange a private inspection, please contact Jensen Woo on 0434 262 188.
Property History for 708/7 Yarra St, South Yarra, VIC 3141
- 13 Aug 2026Listed for Sale $300,000-$330,000
- 17 Apr 2021Sold for $309,000
- 07 Apr 2021Listed for Sale Private Sale $300,000 - $320,000
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About 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 26,629 properties. Over the last 5 years, Houses in South Yarra have seen a -18.97% decrease in median value, while Units have seen a -8.00% decrease. As at 30 September 2026:
- The median value for Houses in South Yarra is $2,045,268 while the median value for Units is $590,410.
- Houses have a median rent of $900 while Units have a median rent of $630.
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