SOLD
RECENT ADVICE
Sold on 22 Aug 2024 for $666,000

4/1-5 The Righi
South Yarra VIC 3141

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 80m2
Land area: 749m2
Sold By
Woodards South Yarra
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Property Details for 4/1-5 The Righi, South Yarra

4/1-5 The Righi, South Yarra is a 2 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 749m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in South Yarra in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
80m2
Land Size
749m2
Local Government
Melbourne
Lot/Plan
4/RP3845

Last Listing description (September 2024)

Inspections by appointment

Here lies the ingredients for what could be an astonishing property should someone have the time and skillset to convert this diamond in the rough into a shining jewel atop Domain hill. Before embarking on a quest to renovate a property to your own style and taste you need to start with good bones to work with and there is nothing better than solid brick walls and oversized rooms. Scarcity, space, amenities, and orientation are the things you can't change but luckily you have hit the jackpot in the Righi being in a boutique complex of 9 units, north facing, outdoor space and secure undercover parking.

Living is easy with the big entrance hall and functional floorplan which would make it easy for two singles to live with both bedrooms on opposite sides of the unit. Not as much work needs to be done in the kitchen that has been updated with Westinghouse appliances and plenty of storage for those that cook. Taking in the views of Melbourne and the MCG is as easy as walking out on to the undercover balcony. Other benefits include the security intercom, communal bike storage and visitor car parking.

Being a part of the prestigious Domain Precinct of South Yarra means you are stone's throw away the Botanic Gardens, Yarra River Trails, Fawkner park and walking distance to the MCG and AAMI Park. Have your pick for a morning coffee or afternoon drink along the Domain Road shopping strip or take a skip and a hop down Toorak Road or Chapel Street.

Property History for 4/1-5 The Righi, South Yarra, VIC 3141

A timeline of how this property has performed in the market
Last Sold
$666,000
22 Aug 2024
  • 22 Aug 2024
    Sold for $666,000
  • 15 Jan 2024
    Listed for Sale Not Disclosed
  • 20 Apr 1990
    Sold for $160,000
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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 25,493 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 51 properties listed for rent in South yarra on OnTheHouse. According to CoreLogic's data, 1076 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.