OFF MARKET

18/9 Balmoral Street
South Yarra VIC 3141

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 56m2
Land area: 2642m2
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Last updated 10 Mar 2025
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Property Details for 18/9 Balmoral St, South Yarra

18/9 Balmoral St, South Yarra is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 2642m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in November 2023.

Building Type
Unit
Year Built
1999
Floor Size
56m2
Land Size
2642m2
Local Government
Stonnington
Lot/Plan
18/PS418995

Last Listing description (June 2023)

Your fabulous two story, two-bedroom, two-bathroom investment apartment plus car park awaits

Positioned with South/Easterly aspect, the apartment's lower level features an open plan living area consisting of lounge room leading to Juliette balcony, dining and kitchen area with separate laundry; while the second level offers two bedrooms with BIR's and two bathrooms - one as ensuite to the main bedroom. Split system heating and cooling, good security and one secure carpark is also on title.

Your investment apartment has Quest as a secure long-term tenant offering a continuous income stream with substantially reduced outgoings and currently an impressive $625 pw rental return.

Owners have the added advantage of an option to stay up to 60 nights per year in their apartment (conditions apply)

Located in the heart of South Yarra, in the midst of fashionable Chapel Street and Commercial Road, behind the Prahran Market and the myriad of fantastic restaurants and cafes that the precinct has to offer, this Blue Chip investment opportunity is surely worthy of consideration for your property portfolio.

NB THIS IS FOR THE ASTUTE INVESTOR ONLY NOT FOR OWNER OCCUPATION.

IMPORTANT INFORMATION:

RENT: $32,505 pa ($625 per week approx.)

INCREASE: CPI increase from 3rd year of each lease term (Between Market Reviews)

RETURN: 6.4% Gross
(6% Nett)

LEASE: Currently leased until July 2024

OPTIONS: 6 x 5 years

OUTGOINGS:

TENANT (Quest) PAYS:
Owner's corporation Admin fees

OWNER PAYS:
Council Rates: $1,460 pa
Water Rates: $560 pa
Maintenance Fund: $398 pa

Inspection is by private appointment.

For further details please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists.

M: 0438 557 885
P: (03) 9682 6222
E: nick@kingsfordproperty.com.au

Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent

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Property History for 18/9 Balmoral St, South Yarra, VIC 3141

A timeline of how this property has performed in the market
Last Sold
$487,500
23 Nov 2023
  • 23 Nov 2023
    Sold for $487,500
  • 01 Apr 2023
    Transferred
  • 16 Mar 2023
    Listed for Sale $505,000

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About South Yarra 3141

The size of South Yarra is approximately 3.6 square kilometres. It has 19 parks covering nearly 19.1% of total area. The population of South Yarra in 2011 was 19,134 people. By 2016 the population was 25,143 showing a population growth of 31.4% 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 2011, 36.8% of the homes in South Yarra were owner-occupied compared with 32.6% in 2016.

South Yarra has 25,827 properties. Over the last 5 years, Houses in South Yarra have seen a 0.67% increase in median value, while Units have seen a -8.29% decrease. As at 28 February 2025:

  • The median value for Houses in South Yarra is $2,139,474 while the median value for Units is $581,032.
  • Houses have a median rent of $680 while Units have a median rent of $600.
There are currently 69 properties listed for sale, and 45 properties listed for rent in South yarra on OnTheHouse. According to CoreLogic's data, 1127 properties were sold in the past 12 months in South yarra.

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