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.
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.
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:
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