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VIC › South Yarra › Toorak Rd

U505, 243 Toorak Rd, South Yarra VIC 3141

For saleApartment

$595,000

For sale

Asking

1

Bedrooms

1

Bathrooms

0

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $595,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $595,000(Listing record · 23 July 2026)
  • CalculationIf it leased at South Yarra's advertised median rent ($664/wk), implied gross yield would be 5.80% — 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

$595,000

Asking

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

Purchase Price
$595,000
Stamp Duty (Victoria)
$30,770
Transfer/Registration Fee
$1,497
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
$630,967

$35,967 on top of the price (6.0% 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

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

Net yield
4.30%
Annual cashflow (pre-tax)
$-5,337
Interest cover (DSCR)
0.83
Annual rent
$34,528
Operating expenses
$8,925
Loan amount
$476,000
Annual interest
$30,940
Gross yield
5.80%

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$595,000available23 July 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. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 5.8%. 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 Toorak Rd →

Listing material

Listed by Amity Property Group Melbourne

Exquisite 1-Bedroom Apartment with Ensuite

Currently leased until 11 July 2027 at $700 per week ($3,042 per calendar month), this exceptional apartment offers immediate rental income in one of Melbourne's most prestigious residential developments.

Private inspections available by appointment. Contact Tina Chauhan on 0481 048 011.

Experience the coveted lifestyle embraced by the sophisticated residents of South Yarra. Located within the iconic Capitol Grand, Melbourne's landmark 6-star development, this beautifully appointed one-bedroom residence presents an outstanding opportunity to secure a premium investment today while enjoying the flexibility of future owner occupation.

Read the full description

Positioned moments from Chapel Street, Toorak Road, South Yarra Station and The Tan, you'll enjoy one of Melbourne's most desirable lifestyle locations, where boutique shopping, renowned restaurants, cafés, parklands and public transport are all just a short stroll away.

Designed with a superlative layout and an elegant light colour palette, this luxury apartment showcases premium finishes and exceptional attention to detail throughout.

Apartment Features

- Secure lease returning $700 per week until 11 July 2027

- Premium Gaggenau kitchen appliances including cooktop, self-cleaning oven and integrated dishwasher

- Stone benchtops and full-height stone splashbacks

- Spacious open-plan living and dining with elegant timber flooring

- Floor-to-ceiling windows flooding the apartment with natural light

- Generous bedroom featuring luxurious wool and viscose carpet, extensive built-in robes and direct ensuite access

- Designer bathroom with full-height tiling and heated towel rails

- Large south-facing balcony overlooking vibrant Toorak Road

- Secure lockable storage cage

- World-Class Resident Amenities

As Melbourne's pioneering 6-star residential development, Capitol Grand offers residents an unrivalled lifestyle with exclusive access to:

- 24-hour concierge and front desk service

- Indoor swimming pool

- Spa, sauna and steam room

- Fully equipped gymnasium

- Private cinema

- BBQ pod entertaining areas

- Private dining facilities

- Resident library and lounge

- Games room

- Beautifully appointed communal spaces

Whether you're seeking a premium investment with immediate income or securing a future home in one of Melbourne's most exclusive addresses, this residence delivers luxury, convenience and outstanding long-term appeal in the heart of South Yarra.

Lease Details

Lease Expiry: 11 July 2027

Rental Return: $700 per week

Monthly Rent: $3,042 per calendar month

Private inspections available by appointment. Contact Tina Chauhan on 0481 048 011.

Listing description written by Tina Chauhan, Amity Property Group Melbourne — reproduced as published, not verified by Districts.

Also look at

Also for sale in South Yarra

  • 28/380 Toorak Rd, South Yarra VIC 3141

    3-bed apartment. Currently listed.

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  • 20/174W Toorak Rd, South Yarra VIC 3141

    1-bed apartment. Asking $290K–$320K.

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  • 2107/229 Toorak Rd, South Yarra VIC 3141

    3-bed apartment. Asking $1.6M.

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  • U304, 200 Toorak Rd, South Yarra VIC 3141

    1-bed apartment. Asking $399K.

    For sale
Districts

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.