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29/16 Kensington Road, South Yarra, VIC 3141

Vendor Details: 0488 847 018 Enter Phone Code when prompted.
Price: $600,000 - $660,000
Vendor Details: 0488 847 018
Enter Phone Code when prompted.

Boutique block - An ideal first home & a perfect cashflows positive investment property

Spacious unit in a boutique block, rear of complex. Owner occupied, well kept, top floor, great views, just move in with your suitcase! A spacious, bright and sunny two bed rooms sub-penthouse to sell in South Yarra! 5 to 10 minutes walk to tram, train station, restaurants, shopping on Chapel street and parks! Only 6 minutes train ride away to the city!

North facing with large windows throughout the whole flat, the spacious lounge outlooks beautiful low-rise heritage houses and verdant greenery! Lots of happy sun in the daytime! Peaceful, quiet and very secured! Located on one of the best streets in South Yarra and in the most tightly held and privileged pocket!

At the rear of a well maintained, security building, this top floor sub penthhouse offers refreshed interiors, a spacious lounge/dining with beautiful hardwood timber floors throughout, large size separate kitchen comes with high quality stainless steel appliances, dishwasher, breakfast bar and concealed laundry, large size master bedroom with built in robes and outlooks beautiful gardens and trees, generous sized second bedroom with built in robes, generous bathroom with separate bath and oversized shower plus a separate toilet room. Cleverly designed with plenty of storage space, it also includes heating, aircon, linen storage and a lock up garage on title making it a great first home and an ideal investment opportunity! Within walking distance of South Yarra train station, trams, boutique shops, nightlife, great coffee and restaurants as well as Rockley Gardens, Como Park and the Yarra River.

Within walking distance to some of the coveted best schools in Victoria ie: Melbourne High School, Melbourne Girls Grammar, Melbourne Grammar School, Toorak Primary School etc.

Floor area: 70sq, Land area: 1890sq.
Strata, insurance, sinking funds all in $907.74/quarter
Council rates: $233/quarter.

High rental income: AUD600/week for the whole unit.
If you sub-rent the spare room, expected rental income is about AUD350/week/per room and the undercover carspace is AUD200/week, total rental income AUD550/week while you are living in and collecting side income!

This is a strong cash flows positive property! A great starting point for first home buyers and investors!

Toorak Primary School~ 18 min walk
Melbourne High School~ 13 min walk
Woolworths South Yarra ~ 7 min walk
Woolworths Toorak ~ 11 min walk
claremontsouth yarra ~ 11 min walk
IGA Toorak Rd Plus Liquor ~ 12 min walk
IGA Xpress South Yarra ~ 16 min walk

Owner occupied, open for inspection on every Sunday between 10:30am - 12 noon, or please contact me for a private inspection if you need to view it urgently! This property won't last long, inspection is a must! Agents are welcome.

Terms 10% deposit, balance 30/60/90 days.

The Phone Code for this property is: 76729. Please quote this number when phoning or texting.


For Sale By Owner ( is a national service for property owners who are looking to sell or rent out real estate without paying any commission. Whilst every care has been taken to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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Open Times
  • Sunday 21 Jul 2019
  • 10:30 am - 12:00 pm

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