1208/2 Claremont Street

South Yarra VIC 3141

Apartment

Currently for sale - view listing

Overview

High Rental Yield oppurtunity in rental hotspot

Positioned high on the 12th floor of the boutique ELLA Apartments, this well-appointed residence presents a compelling opportunity to secure a blue-chip Melbourne investment in one of the city's most consistently performing inner-city markets. Located in the heart of South Yarra, the apartment benefits from strong and ongoing tenant demand driven by proximity to Melbourne's premier lifestyle, transport and employment hubs. Walking distance to Toorak Road cafés, Chapel Street retail, multiple tram routes, South Yarra Station and the Yarra River trails ensures broad rental appeal to professionals, corporate tenants and long-term renters. The intelligently designed floorplan features a light-filled open-plan living and dining area extending to a spacious balcony with elevated district views - a highly sought-after feature supporting tenant retention. A contemporary kitchen includes gas cooking, integrated dishwasher and quality finishes designed for durability and low ongoing maintenance. Two genuine queen-sized bedrooms offer built-in robes, with the main bedroom complemented by a private ensuite. A second central bathroom, European laundry and excellent internal storage enhance everyday functionality - key considerations for investors seeking reliable leasing outcomes. Secure basement parking, a storage cage, communal bike facilities and video-intercom entry with lift access provide the convenience and security expected in a premium investment asset, making the property ideally suited to interstate ownership. Offering an estimated rental return of approximately $700–$750 per week, the property represents strong yield potential within Melbourne's inner-city apartment market.