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32/100 Commercial Road, South Yarra$705,000

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32/100 Commercial Road

South Yarra, VIC 3141, Australia

$690,000 – $720,000

3 bed 2 bath 1 car

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Listing description

About this property

Set within the established and tightly held South Yarra Square complex, this expansive three-bedroom plus study residence delivers house-like proportions, timeless character, and a level of space rarely found in apartment living. Recently refreshed with tasteful cosmetic updates, the home presents beautifully with a light, modern feel. A generous open-plan living and dining zone forms the heart of the residence, flowing seamlessly to a private balcony that captures a pleasant outlook across the surrounding streetscape and towards the skyline. The well-appointed kitchen is functional and spacious, complemented by ample storage and a practical layout suited to both owner-occupiers and investors alike. Accommodation is substantial, comprising three well-sized bedrooms, including a master with ensuite, while a separate study provides the flexibility for a home office or potential fourth bedroom. A central bathroom with integrated laundry further enhances everyday convenience. Complete with secure basement car parking, this is an exceptional opportunity to secure a large-format apartment in a location that continues to outperform. Location highlights: Moments from Chapel Street's dining, shopping and nightlife Easy access to South Yarra Station and multiple tram routes Close proximity to Prahran Market and Fawkner Park Surrounded by some of Melbourne's most vibrant lifestyle amenities Disclaimer: Certain photos may have been enhanced using virtual staging techniques, including the addition of furniture, fixtures, or decorative elements that are not physically present in the property. These images are for marketing and visualization purposes only and should not be relied upon as an exact representation of the current condition. Prospective buyers should verify all information independently.

Property Details

Property Type: apartment
Listing Type: For Sale
Bedrooms: 3
Bathrooms: 2
Parking: 1
Listed: 2 months ago

Repayment calculator

$3,418/month

$1,709 /fortnight

Loan $564,000 at 6.10% over 30 years

Upfront costs

Deposit$141,000

Stamp duty$37,370

Conveyancing (est.)$2,000

Total upfront$180,370

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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in South Yarra

This 3-bedroom apartment in South Yarra, VIC 3141 sits within reach of public transport, local shops and nearby schools. It is listed 1% below the $715,000 median of 59 comparable apartmentswithin 5 km.

Schools near South Yarra

Kamarukacombined · 2-10 · Boys
Kamaruka - Primary Campuscombined
Melbourne Girls Grammarcombined · Prep-12 · Girls
Melbourne Girls Grammar - Morris Hall Campuscombined
Christ Church Grammar Schoolprimary · Prep-6 · CoEd
South Yarra Primary Schoolprimary · Prep-6 · CoEd

What's nearby

Pasley Street South/Punt Road (bus) — 218 m away
Pista Bikes — 804 m away
Connell Reserve — 377 m away
Unnamed — 417 m away
Unnamed — 448 m away

South Yarra at a glance

Full suburb profile

Population: 25,028
Median age: 33
Household income: $2,063/wk
Median rent: $415/wk
Median mortgage: $2,100/mo

Source: ABS Census.

Due diligence

Property Report

Lifestyle & access

Schools

8 nearby schools

Catchment: South Yarra Primary School

Public transport

10 stops within 1.5km

Nearest: Commercial Road/Punt Road (0.0km)

Traffic

Moderate congestion

Peak hour traffic (7-9am and 5-7pm weekdays) significantly increases congestion on Commercial Road and Chapel Street due to commuter traffic and retail access. Weekend traffic peaks around midday due to shopping activity at South Yarra precinct. Right-turn conflicts at traffic lights notably slow flow.

Noise

High noise

Nearest: road (0.1km)

Risk & safety

Flood risk

Medium

South Yarra is situated within or adjacent to the Yarra River floodplain and is subject to VIC's Land Subject to Inundation Overlay (LSIO). Properties in low-lying areas near the river or tributary catchments face elevated flood risk from Yarra River overbank flooding, particularly during high rainfall events. Planning approval and flood impact assessment are typically required for development in affected zones.

Bushfire risk

Low

BAL: BAL-LOW

Crime profile

above average

Trend: stable

Planning & context

Zoning

GRZ1 — General Residential Zone Schedule 1

Stonnington Planning Scheme

Nearby development

6 projects nearby

South Yarra is experiencing sustained development pressure as an inner-east growth precinct, with major mixed-use intensification along Domain Road and Chapel Street, strong apartment development activity, and council-backed infrastructure improvements. The suburb continues to attract significant DAs targeting residential densification and commercial activation, reflecting its status as a premium inner-city location with established transport links and lifestyle amenity.

Heritage

Heritage listed

South Yarra is an inner-city suburb with substantial heritage significance, featuring numerous Victorian and Edwardian-era mansions, historic churches, and commercial streetscapes. Much of the suburb is covered by heritage overlays and conservation area controls through the Victorian Heritage Register and local council mechanisms. Properties within the heritage overlay are subject to strict controls regarding external changes, demolition, and new development.

Sources: Australian Gov open data, OpenStreetMap + StMate AI

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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