36 Park Street South Yarra - James Home Ratings

36 Park Street, South Yarra

James Home Rating: 733
Inspected:3/9/2025

Position

Park Street between the Royal Botanic Gardens and Fawkner Park, you are walking distance to two of Melbourne’s most prized green lungs. This address will always carry weight and long-term value.

Land & Orientation

• Land Size: 234 sqm proportionate to double-front Victorian.
• Orientation: Works comfortably for light and space.
• Access: Rear car parking is a plus for this pocket.

Property

• Facade: American Romanesque Victorian — beautifully detailed. The closer you look, the more impressive it is.
• Condition: Stripped back, ready for renovation.
• Layout: Ceilings and roofline are solid, bathrooms and kitchen are positioned well, so you don’t need to move wet areas.
• Opportunity: Cosmetic renovation required, but easily $1M+ in updates once you start. That’s the reality — but in this location, you won’t be overcapitalising.

Buyer Fit

• Renovators: Ideal for buyers wanting a blank canvas with a period “frame.”
• Families / Couples: Flexible home once modernised; good scale and proportion.
• Investors: Safe long-term hold in a premium park-side position.

Market & Value

• Quote: Top of range $5.35M.
• Context: Factor in $1M+ of renovation. But Park Street supports it — you’re buying position and facade as much as you’re buying a house.
• Summary: A blank canvas with a beautiful frame. Park Street South Yarra. Rear car access. High ceilings. Premium neighbours. If you can stretch to buy it, you can stretch to renovate it.