8 Alexandra Street
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About this property
Unlock exceptional potential with this highly scarce offering: an entire block of nine (9) individually titled apartments in the heart of thriving South Yarra. This is a unique chance for investors, developers, or owner-occupiers seeking significant value-add, immediate income, or strategic landholding in one of Melbourne's most coveted locations. Why This Opportunity Stands Out: 1. Unmatched Scarcity & Scale: Own a complete, low-maintenance apartment block - a rare chance to secure nine titles in one transaction. Immediate potential for $208,696 p.a. gross rental income. 2. Prime Land Value: Positioned on a substantial 500sqm block (approx.) with a commanding 19.85m frontage to Alexandra Street. Strong underlying land value offers exceptional future development potential (STCA). 3. Elite South Yarra Positioning: Enjoy an unbeatable address moments from Melbourne's finest: * Lifestyle: Chapel Street's boutiques, cafes, restaurants & nightlife. Toorak Road shopping. Prahran Market. * Recreation: Fawkner Park (directly opposite), Royal Botanic Gardens, Yarra River trails. * Education: Proximity to Toorak Primary, Prahran High, Melbourne High, Melbourne Girls' College. * Connectivity: Steps from South Yarra Station, Toorak Road/St Kilda Road trams, Punt Road. Effortless access to the CBD & beyond. The Asset: * Three-level, recently renovated apartment building. * Nine (9) individually titled apartments. * 5-6 on-site car spaces. * Walk Score: 98/100 (Walker's Paradise). Everything you need is within a 1km radius. The Potential: * Immediate Strong Rental Income: Secure stable cash flow from a fully leased block. * Value-Add Enhancement: Potential to uplift rents or refurbish for increased returns. * Strategic Landbank: Hold and capitalise on significant future development upside in this tightly held precinct (STCA). * Low-Maintenance Investment: Simplify your portfolio with a single, high-performing asset. Act Now - This Won't Last: South Yarra opportunities of this scale and location are extraordinarily rare. Secure your future in one of Melbourne's most dynamic and desirable suburbs.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 9
- Bathrooms
- 9
- Parking
- 5
- Land Area
- 500 m²
- Listed
- 3 months ago
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Neighbourhood
Living in South Yarra
This 9-bedroom apartment in South Yarra, VIC 3141 sits within reach of public transport, local shops and nearby schools. It is listed 282% above the $1.27m median of 60 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
- Lang Street/Punt Road (bus) — 66 m away
- French Fantasies — 273 m away
- MacFarlan Street Reserve — 133 m away
- Caroline Gardens — 183 m away
- Unnamed — 432 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.
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Suburb market
Suburb price trend
South Yarra price trend
Median sold · Unit 1 bed
Compound growth -1.9% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full South Yarra marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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