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Back 12/77 River Street
Off Market

12/77 River Street

South Yarra VIC 3141

1
1
1
Apartment
Last sold for $320,000
Edward CarlileEdward Carlile, last sold this property on 22 July 2026 after 27 days on market.

Overview

High-Yield South Yarra Investment with Low Holding Costs in a Blue-Chip Location

Positioned in the heart of one of Melbourne's most sought-after lifestyle precincts, this exceptional South Yarra apartment presents an outstanding opportunity to secure a high-performing investment with strong rental returns, low holding costs and consistent tenant demand. For interstate investors seeking stronger rental returns than those typically available in other states, this property represents an increasingly rare opportunity to purchase in a blue-chip suburb without the premium price tag. With an anticipated purchase price of approximately $340,000 and an estimated rental return of $500–$550 (approx.) per week. What truly sets this property apart is its exceptionally low holding costs. Owners Corporation fees are under $4,000 per annum (approx.), with total annual outgoings of less than $7,000 (approx.), including council and water rates. For investors, this translates to stronger cash flow, improved net returns and lower ongoing ownership costs-an increasingly important consideration when assessing an investment property. Perfectly positioned within walking distance of Chapel Street, Toorak Road, South Yarra Station, the Yarra River trails and Melbourne's CBD, the apartment sits within one of the city's strongest rental catchments. Young professionals, corporate tenants and students continue to drive consistent demand for quality accommodation in the area, helping minimise vacancy periods and providing confidence in ongoing rental performance. Inside, the apartment has been thoughtfully designed to maximise space, comfort and functionality. A light-filled open-plan living and dining area is complemented by a well-appointed kitchen, generous bedroom accommodation and a modern bathroom, creating a low-maintenance residence that appeals to a broad range of prospective tenants. Its practical layout and lock-and-leave lifestyle also make it an excellent option for owner-occupiers seeking an inner-city base. Investment Highlights Estimated purchase price of approximately $340,000 (approx.) Estimated rental return of $500–$550 (approx.) per week Owners Corporation fees under $4,000 per annum Total annual outgoings under $7,000 (approx.) per annum Low holding costs to help maximise cash flow Consistently strong tenant demand from professionals, executives and students Walking distance to South Yarra Station, Chapel Street, Toorak Road, cafés, restaurants, shopping and the Yarra River

Features

1 bedroom
1 bathroom
1 carspace
1 open car space
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in South Yarra over the last 12 months, the estimated median property value of 12/77 River Street is $385.5k.

Median value
$385.5k
Estimated value range
$135k - $870k
Median days on market
29
Estimated value trend
3%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Yarra. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 12/77 River Street

2026
Sold
$320,000
22 Jul 2026 by Edward Carlile, of Woodards South Yarra

Happy sellers in South Yarra

84%
84% of sellers in South Yarra reported that their sale price either exceeded or met their price expectations.

South Yarra stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 48 reviews in South Yarra over the last 12 months.

Local market activity for 1 bedroom apartments in South Yarra

In the last 12 months, 277 one-bedroom apartments similar to 12/77 River Street, have been sold.

This represents a 18% decrease in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in South Yarra

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Mark Konishi

Mark Konishi is a recommended agent for South Yarra.  They have 34 local sales and collected 29 local reviews across the last 12 months.

  •   4.9   (340 reviews)
  •  29 Reviews in South Yarra
  •  34 Sales in South Yarra
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Tina Chauhan

Tina Chauhan is an award winning recommended agent for South Yarra.  They have 10 local sales and collected 14 local reviews across the last 12 months.

  •   4.8   (33 reviews)
  •  14 Reviews in South Yarra
  •  10 Sales in South Yarra
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Grant Wallace

Grant Wallace is a recommended agent for South Yarra.  They have 31 local sales and collected 11 local reviews across the last 12 months.

  •   4.9   (278 reviews)
  •  11 Reviews in South Yarra
  •  31 Sales in South Yarra
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Dion Besser

Sellers who recommend Dion Besser have praised them for being local expert, clear communication, supportive, dedicated, responsive, reliable and great negotiation

  •   4.9   (109 reviews)
  •  7 Reviews in South Yarra
  •  13 Sales in South Yarra
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