South Yarra VIC 3141, Australia
Also written as Unit 3, 40 Marne 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 | 27 Feb 1999 | $375,000 | — |
3/40 Marne Street is a unit situated in South Yarra. It offers a low‑rise living style within an inner‑city suburb
The unit features two bedrooms and one bathroom, providing comfortable accommodation for small households or couples
The property sits on a land parcel of approximately 896 m², giving it a generous footprint for a unit in this part of the city
South Yarra is located about 4 km south‑east of Melbourne’s Central Business District, making it very close to the city centre
Within a few hundred metres you’ll find Chapel Street’s fashionable shops and cafés, the Royal Botanic Gardens (≈0.5 km), and historic sites such as Christ Church and the Airlie historic house. The Jam Factory and Como Centre are also nearby for shopping and entertainment
The property is close to tram stops at Walsh St/Toorak Rd (≈0.2 km) and Punt Rd/Toorak Rd (≈0.3 km). South Yarra also has train stations serving the Pakenham, Cranbourne, Frankston and Sandringham lines, providing easy access to the wider metro network
South Yarra recorded a population of about 25,028 at the 2021 census. Over half of residents were born in Australia, with notable communities from China, England, New Zealand, India and Malaysia, and a mix of languages spoken at home
Originally inhabited by the Yalukit‑willam clan, South Yarra was settled by British colonists in the late 1830s and became a fashionable suburb for wealthy Melburnians in the 1840s. Over the 20th century, the area saw the development of flats, apartments and a vibrant nightlife, becoming one of Melbourne’s most densely populated inner‑city suburbs
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