South Yarra VIC 3141, Australia
Also written as Unit 1, 48 Macfarlan Street.
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sale | 6 Feb 2025 | $250,000 | — |
| Sale | 15 Apr 2020 | $240,000 | — |
| Sale | 17 Dec 2015 | $220,000 | — |
| Sale | 28 Jun 2011 | $272,000 | — |
| Sale | 27 Nov 1984 | $208,500 | — |
The site comprises approximately 96 m² of land. This compact footprint is ideal for boutique retail, service‑oriented or small‑scale office uses
South Yarra railway station is about 0.3 km away, providing access to the Pakenham, Cranbourne, Frankston and Sandringham lines. Tram stops on Punt Road/Toorak Road are within 0.2 km, and several bus routes run along Commercial Road
The property is situated close to the upscale shopping strips of Chapel Street and Toorak Road, as well as the Jam Factory and Prahran Market. These high‑profile venues attract substantial foot traffic and complement retail or hospitality concepts
Yes – South Yarra is known for its trendy, up‑market retail and dining scene, with a strong concentration of cafes, restaurants and boutique stores along Chapel Street and Toorak Road, making it a vibrant environment for such businesses
The site is located near major thoroughfares including Toorak Road and Punt Road, providing straightforward vehicular access from the surrounding suburbs and the CBD
Longford Cinema is essentially on the same block (0 km), and other nearby attractions such as the Photographers' Gallery (0.4 km) and local hospitality venues add to the area's appeal for customers
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