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VIC › South Yarra › Almeida Cres

3701/1 Almeida Cres, South Yarra VIC 3141

For saleApartment

$6,500,000–$7,100,000

For sale

Asking range

4

Bedrooms

4

Bathrooms

4

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $6,500,000–$7,100,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $6,500,000–$7,100,000(Listing record · 2 Apr 2026)
  • CalculationIf it leased at South Yarra's advertised median rent ($664/wk), implied gross yield would be 0.53% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$6,500,000–$7,100,000

Asking range

No recorded sale for this property.

South Yarra at a glance

28,534

People

No data

Median sale

$664/wk

Median rent

No data

Suburb gross yield

See the full South Yarra report →

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$6,500,000
Stamp Duty (Victoria)
$402,500
Transfer/Registration Fee
$3,614
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$6,909,814

$409,814 on top of the price (6.3% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with South Yarra's advertised median rent — not a rent for this listing.

Net yield
-0.97%
Annual cashflow (pre-tax)
$-400,972
Interest cover (DSCR)
-0.19
Annual rent
$34,528
Operating expenses
$97,500
Loan amount
$5,200,000
Annual interest
$338,000
Gross yield
0.53%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$6,500,000–$7,100,000available2 Apr 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $664/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 0.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

South Yarra in one glance

South Yarra at a glance

28,534

People

No data

Median sale

$664/wk

Median rent

No data

Suburb gross yield

See the full South Yarra report →

Keep researching

  • Why South Yarra? Read the area thesis →
  • What else is on the market in South Yarra →
  • Other records on Almeida Cres →

Listing material

Listed by HEAVYSIDE

A 270° Sky-High Masterpiece of Unrivalled Luxury

THE PROPERTY

A breathtaking expression of sky-high luxury, this ultra-exclusive sub-penthouse delivers an unrivalled lifestyle defined by scale, sophistication and uninterrupted panoramic views. Occupying a remarkable 270° vantage point, the residence captures sweeping outlooks from St Kilda Road to the CBD skyline, across Port Phillip Bay to the Yarra Ranges, an ever-changing backdrop to everyday living.

At its heart, an expansive open-plan living, dining and family domain is wrapped in floor-to-ceiling glass, seamlessly connects to a showpiece kitchen adorned with exquisite white marble surfaces and premium Gaggenau appliances, complemented by a fully equipped butler's kitchen and separate pantry for effortless entertaining.

Read the full description

Accommodation is equally indulgent, led by a palatial master retreat with dual ensuites, boutique-style dressing suite and breathtaking bay views, alongside three additional bedrooms, each serviced by luxuriously appointed bathrooms finished in marble and gold accents. Complete with a statement bar, dedicated laundry, smart home automation, heating and cooling, and secure four-car accommodation, this residence sets a new benchmark for elevated inner-city living. Residents enjoy access to an exceptional suite of resort-style amenities designed to elevate everyday living, including a 24-hour concierge, indoor swimming pool, spa, sauna and fully equipped gymnasium. Entertain in style with exclusive dining rooms, a Gold Class-style cinema and alfresco terrace with BBQ facilities, while beautifully curated communal spaces create a true sense of luxury and community within this prestigious complex.

THE FEATURES

• Spectacular 270° panoramic views from bay to ranges

• Four luxurious bedrooms, including opulent master with dual ensuites

• Designer kitchen with Gaggenau appliances plus full butler's kitchen & pantry

• Marble floor-to-ceiling bathrooms with gold fittings and smart toilets

• Expansive open-plan living with full-height glazing throughout

• Custom-built bar and premium finishes including oak flooring and plush carpets

• Smart home system controlling lighting, climate and blinds

• Four secure car spaces plus access to exclusive resident amenities

THE LOCATION

Positioned within one of South Yarra's most prestigious lifestyle precincts, this residence places you at the crossroads of Chapel Street's vibrant dining and nightlife and Toorak Road's high-end retail and café culture. Enjoy effortless access to South Yarra Station with direct CBD connectivity, while the Yarra River trails and the iconic Tan are just moments away for recreation. The nearby sports and entertainment precinct including the MCG adds further appeal, while a selection of elite schooling options, boutique shopping destinations and parklands complete this world-class inner-city address.

Key lifestyle highlights:

- Big W: 200m 6mins

- Coles: 500m 10mins

- Prahran: 800m 15mins

- Woolworths: 150m 5mins

- Fuji Mart : 300m, 10min walk

- Fawkner Park: 250m, 3min walk

- Chapel Street:850m,10min walk

- St Kilda Road trams: 400m, 5min walk

- South Yarra Station: 200m, , 3min walk

- Melbourne Grammar: 650m, 8min walk

- Melbourne High School: 200m, 3min walk

- Royal Botanic Gardens: 1km, 12min walk

- MCG & Melbourne Sports Precinct: 2km

This location is particularly strong for families seeking access to Melbourne's leading schools, parks, sporting precincts, and South Yarra's retail and dining areas, with most key amenities within a 5-15 minute walk.

OC fees: $62,867.06 per annum

Council Rates: $7,156.30 per annum

Rates and Fees Disclaimer

Rates and fees are based on the Contract of Sale and Section 32 statement provided and prepared at the time of the sales campaign.

Please note that the above figures are based on the latest available information and amounts at the time of preparation. They are indicative only and may be subject to change in accordance with any revised or additional assessments, levies, charges or other amounts imposed by the relevant Owners Corporation and/or local council.

Prospective purchasers should make their own enquiries and satisfy themselves as to the current and applicable rates, fees, levies and other associated costs prior to entering into the Contract of Sale.

THE TERMS: 30|45|60 Days

Listing description written by Kristy Wang, HEAVYSIDE — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
  • Gym
  • Pool

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.