5/1-5 The Righi South Yarra VIC 3141
Property Details for 5/1-5 The Righi, South Yarra
5/1-5 The Righi, South Yarra is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 749m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 3 bedroom Unit sold in South Yarra in the last 12 months.
Last Listing description (May 2021)
For reasons that are quite clear Apartment 5/1 The Righi is located in a very tightly held area.
The owners, who purchased the property in 1988, have had generations of family convenience and pleasure living in, and later staying in the apartment as it became their City residence.
From this ideal location you are a short walk to the MCG, Tennis Centre, Melbourne city centre, walks along the river, and around the Botanic Gardens on Melbourne's iconic 4 km. walking and running track known as "the Tan" , and after that invigorating exercise you can enjoy coffee and brunch in leafy Domain Road.
Imagine yourself on completion of any of these famous Melbourne experiences walking into your classic, lovely peaceful apartment, where you can put your feet up and relax while viewing the
sites through the beautiful ghost gum tree outside your balcony, and the city lights in the evening.
The apartment offers a main bedroom with a lovely outlook, ample wardrobe space and ensuite bathroom. The second bedroom is a good size, contains a double wardrobe, and a lovely sunny outlook, and abuts the second bathroom. The spacious living and dining space has a very comforting feeling. The kitchen, which is ideally fitted out, leads to the generous sized sunny north facing balcony: ideal for barbecue afternoons and evenings, enjoying the views.
The apartment offers an undercover secure car parking space, and ample storage throughout.
This property is very suitable for the buyer looking for a permanent living space, secure Town Residence and/or an investment.
Property History for 5/1-5 The Righi, South Yarra, VIC 3141
- 22 Dec 2023Sold for $799,000
- 01 Jul 2021Sold for $800,000
- 17 May 2021Listed for Sale SOLD - Price Withheld
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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.
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