57 Murphy Street South Yarra – James Buyer Advocates
South Yarra shell looking for the right buyer
Murphy Street gives you a blue chip South Yarra position but 57 Murphy Street is not an easy home to love if you own a car. On about 382 square metres with no existing crossover, no off street parking and a power pole and tree right where you would want the driveway, car access becomes the central problem. You can live in it as a Victorian now, but for a five million spend there are far more practical options nearby.
Next door works show you could bulldoze and start again or dig under and create basement parking, but either way this is a serious project. By the time you buy it at the top of the quote and add excavation, engineering, new build and holding costs, you are asking if the end value is really seven or eight million or more. For that money most people want an easy daily life and this is not that in its current form.
So the learning here is that location alone is not enough at this price point. This one suits a deep pocketed buyer who wants a South Yarra address, is comfortable with planning risk and is prepared to solve the parking puzzle properly. If you are weighing up 57 Murphy Street or a nearby alternative, call Mal James on 0408 107 988 or email mal@james.net.au and I can walk you through the true project numbers before you commit.
- Click Address through to Completed James Home Rating
James Home Ratings is a 25 year old, patented, 1500 buy/sells plus 1,000-point scoring system based on the 3 critical drivers of long-term property value:
Three Pillar Value Drivers
- POSITION — “Where money is attracted to”
Street appeal, precinct, orientation, land size, walkability, school zones - PROPERTY — “Where money is spent”
Flow, floorplan, architecture, renovation quality, future potential - PRICE — “What the market rewards”
Relative value vs price paid, cycle timing, agent positioning
Why It Works – Patterns
Because real estate, at its core, is about human behaviour—and history repeats itself.
Each home is scored independently and consistently, based on how it aligns with long-term demand and supply fundamentals for it’s specific area property type—that way you can compare a block of land with an apartment in different areas with different budgets..
A, B, C-Grade – Know the Difference
- A-Grade: Always in demand. Rare, proven, and resilient through market shifts.
- B-Grade: Good, but situational. Can work well when bought or sold smartly.
- C-Grade: Riskier. More emotion-driven, often overhyped, and harder to recover value.
What Others Do | What We Do |
Gut feel and emotion | Science and structure |
Agent spin and hype | Independent, consistent scoring |
Short-term trends | Long-term fundamentals |
Comparing apples to oranges | Same property type, different budgets, objectively assessed |
What the Scores Mean
- 500 – Maybe ok but it has serious issues to consider
- 600 – Average: Typical for many Inner Melbourne homes
- 700 – Above Average: Strong fundamentals, few weaknesses
- 800+ – Exceptional: A-Grade, no obvious dealbreakers, rare and highly sought-after
Know the difference, know your grade before you pay the price buying or selling.