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Back 1208/2 Claremont Street
Off Market

1208/2 Claremont Street

South Yarra VIC 3141

2
2
1
Apartment
Last sold for $536,000
Edward CarlileEdward Carlile, last sold this property on 28 July 2026 after 264 days on market.

Overview

High Rental Yield oppurtunity in rental hotspot

Positioned high on the 12th floor of the boutique ELLA Apartments, this well-appointed residence presents an outstanding opportunity for investors seeking a quality asset in one of Melbourne's most consistently sought-after rental markets. Located in the heart of South Yarra, the apartment enjoys exceptional connectivity to South Yarra Station, Chapel Street, Toorak Road, the Yarra River and the CBD. This blue-chip location continues to attract strong demand from professionals, corporate tenants and long-term renters, providing confidence for investors looking to secure a property with enduring rental appeal. The intelligently designed floorplan features a light-filled open-plan living and dining area that extends to a generous balcony with elevated views, while the contemporary kitchen is equipped with stone benchtops, gas cooking, an integrated dishwasher and quality finishes selected for everyday practicality and low-maintenance ownership. Two genuine queen-sized bedrooms with built-in robes, including a main bedroom with private ensuite, are complemented by a second bathroom, European laundry and excellent internal storage. The versatile layout appeals to a broad tenant demographic, from professional couples to quality sharers, helping maximise leasing potential. Further enhancing the investment credentials are secure basement parking (Level B2, Space 1208), a private storage cage, communal bike facilities, video intercom entry and lift access-features that continue to be highly valued by inner-city tenants. With an estimated rental return of $730–$775 per week, annual Owners Corporation fees of approximately $4,747.96, Council rates of $949.45 and Water rates of $666.40, the property offers an attractive balance of rental income and manageable holding costs. Offering approximately 62sqm internally, this is a turnkey investment in one of Melbourne's strongest and most resilient apartment precincts.

Features

2 bedrooms
2 bathrooms
1 carspace
1 open car space
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in South Yarra over the last 12 months, the estimated median property value of 1208/2 Claremont Street is $650k.

Median value
$650k
Estimated value range
$310k - $1.91m
Median days on market
30
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 1208/2 Claremont Street

2026
Sold
$536,000
28 Jul 2026 by Edward Carlile, of Woodards South Yarra
2020
Rented
Undisclosed
Leased on 14 Jun 2020 by Woodards South Yarra
2016
Sold
$540,000
Auction Sale on 01 Apr 2016 by Will Johnson, of Belle Property 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 46 reviews in South Yarra over the last 12 months.

Local market activity for 2 bedroom apartments in South Yarra

In the last 12 months, 306 two-bedroom apartments similar to 1208/2 Claremont Street, have been sold.

This represents a 27% increase in two-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 33 local sales and collected 27 local reviews across the last 12 months.

  •   4.9   (338 reviews)
  •  27 Reviews in South Yarra
  •  33 Sales in South Yarra
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Grant Wallace

Grant Wallace is a recommended agent for South Yarra.  They have 30 local sales and collected 11 local reviews across the last 12 months.

  •   4.9   (278 reviews)
  •  11 Reviews in South Yarra
  •  30 Sales in South Yarra
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Tina Chauhan

Tina Chauhan is an award winning recommended agent for South Yarra.  They have 11 local sales and collected 12 local reviews across the last 12 months.

  •   4.8   (30 reviews)
  •  12 Reviews in South Yarra
  •  11 Sales in South Yarra
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Dion Besser

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

  •   4.9   (105 reviews)
  •  7 Reviews in South Yarra
  •  11 Sales in South Yarra
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