12/77 River Street, South Yarra

Positioned in the heart of one of Melbourne's most sought-after lifestyle precincts, this exceptional South Yarra apartment presents an outstanding opportunity to secure a high-performing investment with strong rental returns, low holding costs and consistent tenant demand.

For interstate investors seeking stronger rental returns than those typically available in other states, this property represents an increasingly rare opportunity to purchase in a blue-chip suburb without the premium price tag. With an anticipated purchase price of approximately $340,000 and an estimated rental return of $500–$550 (approx.) per week.

What truly sets this property apart is its exceptionally low holding costs. Owners Corporation fees are under $4,000 per annum (approx.), with total annual outgoings of less than $7,000 (approx.), including council and water rates. For investors, this translates to stronger cash flow, improved net returns and lower ongoing ownership costs-an increasingly important consideration when assessing an investment property.

Perfectly positioned within walking distance of Chapel Street, Toorak Road, South Yarra Station, the Yarra River trails and Melbourne's CBD, the apartment sits within one of the city's strongest rental catchments. Young professionals, corporate tenants and students continue to drive consistent demand for quality accommodation in the area, helping minimise vacancy periods and providing confidence in ongoing rental performance.

Inside, the apartment has been thoughtfully designed to maximise space, comfort and functionality. A light-filled open-plan living and dining area is complemented by a well-appointed kitchen, generous bedroom accommodation and a modern bathroom, creating a low-maintenance residence that appeals to a broad range of prospective tenants. Its practical layout and lock-and-leave lifestyle also make it an excellent option for owner-occupiers seeking an inner-city base.

Investment Highlights

Estimated purchase price of approximately $340,000 (approx.)

Estimated rental return of $500–$550 (approx.) per week

Owners Corporation fees under $4,000 per annum

Total annual outgoings under $7,000 (approx.) per annum

Low holding costs to help maximise cash flow

Consistently strong tenant demand from professionals, executives and students

Walking distance to South Yarra Station, Chapel Street, Toorak Road, cafés, restaurants, shopping and the Yarra River