SOLD
Sold on 11 May 2024 for $2,000,000

27 Palermo Street
South Yarra VIC 3141

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 120m2
Land area: 201m2
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Property Details for 27 Palermo St, South Yarra

27 Palermo St, South Yarra is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 201m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom Unit sold in South Yarra in the last 12 months.

Building Type
Unit
Year Built
2000
Floor Size
120m2
Land Size
201m2
Local Government
Stonnington
Lot/Plan
1/PS517879

Last Listing description (August 2024)

Enjoying immediacy to a vast array of attractions and amenities, this exceedingly spacious residence promotes clever versatility and seamless entertaining among Melbourne's premier shopping and lifestyle precinct.

Surrounded by heritage homes in an esteemed and exclusive South Yarra street, a perfectly worked plan spans two superb storeys, with a considerable front lounge providing a tranquil space to unwind or repurpose for use as a professional's base. Replete with storage, an enthusiast's wraparound kitchen features premium appliances and high-grade granite surfaces, while extensive glass and a clever light court see passive light enliven a magnificent living/dining section. Met with effortless flow, a peaceful, north-facing backyard displays vibrant plant life, providing a sun-splashed retreat for afternoons in the company of friends.

Gifted depth and dimension by soaring, vaulted ceilings, a fluent second storey features a trio of generous bedrooms, together served by scenic northern and southern balconies, a lavish ensuite to luxe main bedroom, and stand-out central bathroom with bath, shower, and separate WC. Wonderfully bright and endlessly practical, additional highlights include heating and cooling, premium woollen carpets, hardwood floors, a ducted vacuum, downstairs powder room, full-size laundry, and double garage accessed via a wide laneway at rear.

Seconds from the world-class coffee, thriving restaurants, animated nightspots, and boutique retail synonymous with Chapel Street, it's mere steps from Como and Jam Factory cinemas, picturesque Como Park, and the meandering Yarra trail, with trains and trams ensuring quick access to various leading schools, the blissful Botanic Gardens, and bustling city centre.

Property History for 27 Palermo St, South Yarra, VIC 3141

A timeline of how this property has performed in the market
Last Sold
$2,000,000
11 May 2024
Listed for Rent
$995/w
09 Sep 2020
  • 11 May 2024
    Sold for $2,000,000
  • 18 Apr 2024
    Listed for Sale Sold: $2,000,000
  • 16 Jun 2020
    Listed for Rent $995 / week
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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 25,489 properties. Over the last 5 years, Houses in South Yarra have seen a 6.39% increase in median value, while Units have seen a -3.84% decrease. As at 31 October 2024:

  • The median value for Houses in South Yarra is $2,115,046 while the median value for Units is $599,695.
  • Houses have a median rent of $725 while Units have a median rent of $588.
There are currently 73 properties listed for sale, and 47 properties listed for rent in South yarra on OnTheHouse. According to CoreLogic's data, 1075 properties were sold in the past 12 months in South yarra.

Suburb Insights for South Yarra 3141

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.