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VIC › South Yarra › Chapel St

U908, 665 Chapel St, South Yarra VIC 3141

For saleApartment

$395,000–$420,000

For sale

Asking range

1

Bedrooms

1

Bathrooms

0

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $395,000–$420,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $395,000–$420,000(Listing record · 4 Aug 2026)
  • CalculationIf it leased at South Yarra's advertised median rent ($664/wk), implied gross yield would be 8.74% — 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

$395,000–$420,000

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
$395,000
Stamp Duty (Victoria)
$18,770
Transfer/Registration Fee
$1,029
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
$418,499

$23,499 on top of the price (5.9% 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
7.24%
Annual cashflow (pre-tax)
$8,063
Interest cover (DSCR)
1.39
Annual rent
$34,528
Operating expenses
$5,925
Loan amount
$316,000
Annual interest
$20,540
Gross yield
8.74%

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$395,000–$420,000available4 Aug 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 8.7%. 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 Chapel St →

Listing material

Listed by Elite Real Estate On Elizabeth Street

Contemporary Living in the Heart of South Yarra

Perfectly positioned within the acclaimed Royal Como, this beautifully designed one-bedroom residence delivers an exceptional lifestyle in one of Melbourne's most coveted inner-city precincts.

Bathed in natural light and finished with timeless contemporary elegance, the intelligently designed floorplan reveals a generous open-plan living and dining domain that extends effortlessly to a private balcony, creating an inviting setting for everyday living and entertaining. Clean architectural lines, engineered timber flooring and floor-to-ceiling glazing enhance the sense of space, while the thoughtfully designed layout offers a level of comfort rarely found in a one-bedroom apartment.

The streamlined stone kitchen is beautifully appointed with quality stainless steel appliances, excellent storage and ample preparation space, complementing the apartment's sophisticated aesthetic. The generous bedroom enjoys excellent separation from the living area and is accompanied by a walk-in robe with additional built-in storage, while the stylish bathroom features extensive mirrored cabinetry and incorporates a concealed European laundry. Additional appointments include split-system heating and cooling, secure video intercom entry, lift access and a private storage cage.

Read the full description

Beyond your front door, Royal Como offers an outstanding collection of resident facilities including a concierge, heated indoor swimming pool, fully equipped gymnasium, elegant residents' lounge, library and private dining room with a catering kitchen, delivering a lifestyle more commonly associated with luxury hotels.

Positioned on Melbourne's iconic Chapel Street, every lifestyle attraction is within easy reach. Enjoy boutique shopping, acclaimed cafés and renowned restaurants, with Vogue Shopping Plaza, the Como Centre, South Yarra Station, city-bound trams, the Yarra River and the Royal Botanic Gardens all just moments away.

Families will also appreciate the proximity to some of Melbourne's most highly regarded schools, including Melbourne High School, Melbourne Grammar School, Melbourne Girls Grammar, Christ Church Grammar School and South Yarra Primary School, adding enduring appeal for both owner-occupiers and investors.

Disclaimer: The photos and floor plans provided are for reference purposes only. Buyers should conduct their own due diligence and verify all information before making a purchase decision. All staging is for display purposes only and is not included in the sale.

Listing description written by David Ye, Elite Real Estate On Elizabeth Street — reproduced as published, not verified by Districts.

Also look at

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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.