SOLD
Sold on 15 Jun 2024 for $4,025,000

8 Penny Lane
South Yarra VIC 3141

Bedrooms: 4
Bathrooms: 4
Car spaces: 2
Floor area: 284m2
Land area: 112m2
Sold By
Brydie Colquhoun
Abercrombys
Jock Langley
Abercrombys
Save

Property Details for 8 Penny Lane, South Yarra

8 Penny Lane, South Yarra is a 4 bedroom, 4 bathroom Unit with 2 parking spaces and was built in 1950. The property has a land size of 112m2 and floor size of 284m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 4 bedroom Unit sold in South Yarra in the last 12 months.

Building Type
Unit
Year Built
1950
Floor Size
284m2
Land Size
112m2
Local Government
Stonnington
Lot/Plan
7/PS339752

Last Listing description (August 2024)

Inspections Strictly by Prior Appointment

At a glance

* Unique lock up and leave, luxurious high-end, light-filled sanctuary nestled in an urban-look cul-de-sac, a few minutes' walk from restaurants, bars, retail, public transport, and theatres.

* Originally designed by acclaimed Australian architect Daryl Jackson
* Versatile Spaces - A bespoke residence, a dynamic home office, or a combination that suits your unique lifestyle.
* High-end fixtures and appliances complement the contemporary design, ensuring both style and functionality.

Abode

Entering 8 Penny Lane is an extraordinary experience you'll never forget. With three soaring staircases seemingly to float, and perfectly lit by the glass roof directly above. As one wanders through the spaces of this creatively designed exceptionally appointed luxurious residence, you are a world from the external environment. The inner opulence is in direct juxtaposition to the grunge style inner city type cul-de-sac.

Every detail of this five level, four ensuited bedroom warehouse conversion, from the custom double-glazed steel windows, exposed lift which covers all levels tell the tale of the building's history and contributes to an atmosphere of urban sophistication.

It's a rarity to find a well-appointed, single titled, lock-up and leave secure residence literally a 3-minute walk to high end restaurants, bars and retail. The amenity is equally impressive with a zinc feature wall spanning four levels, marble kitchen, commercial grade HVAC individually zoned heating and cooling, double glazing throughout, remote entry access, a sophisticated home security with the ability to isolate the top two levels. The functional floorplan is highly efficient providing every member of the family with their own private level and separate living / entertaining areas. For buyers seeking a distinctive, Melbourne residential space, this is a bespoke and acclaimed warehouse conversion.

Area

Perfectly nestled behind iconic Caffe e Cucina and just metres from acclaimed 38 Chairs, this tightly held pocket comes paired with a cosmopolitan lifestyle unlike any other. Endless dining experiences are matched with high-end retail, live entertainment and cinemas. Metres from the train and tram into the city, stroll to elite schools and the banks of the Yarra River.

Property History for 8 Penny Lane, South Yarra, VIC 3141

A timeline of how this property has performed in the market
Last Sold
$4,025,000
15 Jun 2024
Listed for Rent
$380/w
27 Nov 2015
  • 15 Jun 2024
    Sold for $4,025,000
  • 13 Apr 2023
    Listed for Sale Under Offer
  • 16 Oct 2018
    Listed for Sale By Negotiation
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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 25,501 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 69 properties listed for sale, and 45 properties listed for rent in South yarra on OnTheHouse. According to CoreLogic's data, 1064 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.