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Penthouse/5 Davidson Street, South Yarra$1.34m

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Penthouse/5 Davidson Street

South Yarra, VIC 3141, Australia

$1.29m – $1.40m

2 bed 2 bath 2 car

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Listing description

About this property

Inspect by private appointment Rented until 28/05/2027 Set atop a boutique building in the heart of South Yarra, this exceptional penthouse residence offers a seamless blend of luxury, lifestyle, and location. Featuring two bedrooms, two stylish bathrooms, and two secure car spaces, it delivers elevated living with sweeping views across the Melbourne skyline and MCG. Inside, the expansive open-plan living and dining area is awash with natural light, enhanced by wide oak timber flooring and flowing effortlessly to a private rooftop terracean entertainer's dream and a peaceful retreat with unforgettable city and stadium vistas. The streamlined kitchen balances form and function with sleek stone benchtops, premium Miele appliances, and ample storagean elegant complement to the home's open design. The main bedroom is generously proportioned with built-in robes and a tranquil feel, while the second bedroom offers flexibility and soft natural light ideal as a guest room or home office. Both bathrooms feature contemporary finishes, walk-in tiled showers, and dual vanities for a touch of everyday luxury. Step outside and embrace the South Yarra lifestyle, with boutique shopping and cafés along Chapel Street, the green expanses of Fawkner Park, and the gourmet delights of Prahran Market all nearby. With South Yarra Station and trams just moments away, the CBD, arts precinct, and sporting venues are easily accessible. From sunrise coffees to sunset drinks on the terrace, this penthouse captures uninterrupted views and the essence of effortless, low-maintenance living in one of Melbourne's most exclusive pockets.

Property Details

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

Repayment calculator

$6,521/month

$3,260 /fortnight

Loan $1,076,000 at 6.10% over 30 years

Upfront costs

Deposit$269,000

Stamp duty$73,975

Conveyancing (est.)$2,000

Total upfront$344,975

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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 2-bedroom apartment in South Yarra, VIC 3141 sits within reach of public transport, local shops and nearby schools. It is listed 98% above the $680,000 median of 66 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

Witchwood Close/Punt Road (bus) — 195 m away
South Yarra Finer Fruit — 599 m away
Unnamed — 211 m away
Charles Evans Reserve — 243 m away
Unnamed — 543 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

7 nearby schools

Catchment: South Yarra Primary School

Public transport

10 stops within 1.5km

Nearest: Anderson Street/Alexandra Avenue (0.5km)

Traffic

Moderate congestion

Significant congestion on surrounding arterial roads (Toorak Road, Chapel Street, Punt Road) during 7-9 AM and 5-7 PM weekday peaks. Davidson Street itself remains relatively clear but access routes experience delays during these periods.

Noise

Moderate noise

Nearest: road (0.1km)

Risk & safety

Flood risk

Medium

South Yarra has medium flood risk due to proximity to the Yarra River, which has a documented history of inundation events and is subject to Victoria's standard LSIO mapping. Properties within or near mapped flood extents are subject to planning overlays and floor-level controls. While not all of South Yarra is flood-affected, riverside and low-lying areas warrant careful flood risk assessment prior to purchase or development.

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 remains a high-pressure inner-urban renewal location with concentrated development activity along Chapel Street and major commercial corridors. Current activity reflects strong demand for mixed-use, medium-to-high density residential with retail integration, constrained by significant heritage overlays and established character precincts. Infrastructure and streetscape upgrades support ongoing densification while protecting the suburb's premium lifestyle positioning.

Heritage

Heritage listed

South Yarra is an inner-city Melbourne suburb with substantial heritage character, featuring Victorian and Edwardian residential architecture alongside late-19th-century mansions. The area is largely covered by Heritage Overlay controls, with Chapel Street and surrounds containing numerous individually-listed properties and conservation areas. Strict development restrictions apply to protect the suburb's established architectural and streetscape character.

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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