This Subaru Impreza WRX Type-R STi Version 3 is a very capable modern classic rally-derived Japanese performance hero, which has been enhanced with several discerning upgrades. Being a two-door coupe, which was a first for the Impreza line and a key feature that makes it so desirable. It's often seen as a precursor to the legendary 22B STi. Within a limited run only 228 cars were produced in this unique and rare Chase Yellow. Under the bonnet sits a turbocharged 2.0-litre ‘EJ20’ flat-four, delivering around 206kW to all four wheels via a five-speed manual transmission. This example was originally a Japan-delivered model, which was recently imported to Australia, where it was first registered in October 2022. It has been with the seller and the second Australian owner for two and a half years. The odometer indicates 69,444 km, which the seller believes to be accurate, though this is not warranted. Build year: 1997 This Impreza WRX Type-R STi Version 3 is finished in the striking and lesser-seen shade of Chase Yellow, over a black cloth and grey synthetic suede-trimmed interior, featuring red stitching, red cloth passenger seat accents, and an embroidered ‘555 Subaru’ logo on the passenger seat back. It rides on a set of 16-inch five-spoke alloy wheels finished in gloss-black, fitted with Bridgestone Potenza Adrenalin RE003 tyres. Equipment includes a black leather-trimmed Nardi steering wheel, gold STi-branded pedal covers, the Driver Controlled Centre Differential (DCCD), automatic air conditioning, an intercooler water sprayer, and electrically operated windows and door mirrors. This example has been modified with the fitment of a Recaro fixed-back driver’s bucket seat, an aftermarket front splitter, a Blitz Dual Turbo Timer, an aftermarket ‘Ballerina’ white gear knob, a Pioneer Carrozzeria CD stereo, a Zero Sports slam panel, an aftermarket intercooler, a Fujitsubo Giken 3-inch exhaust system, and aftermarket adjustable suspension. The car comes with two keys, a spare wheel, a jack, the Japanese owner’s handbooks, the log book, the expired NSW rego document, and a number of Japanese maintenance invoices and shaken reports. Please refer to the photo gallery to assess the exterior and interior condition. Specific notes from the seller include: the car has been repainted in its original factory colour with new decals applied, the alloy wheels have been repainted, the driver’s seat has been replaced with a Recaro unit, there are three tiny holes in the driver’s seat fabric, the passenger seat ‘555’ logo is discoloured, and the ash tray plastic trim cover is discoloured. The car’s last roadworthiness test was conducted in 2022, which is understood to have resulted in a clean pass. This Impreza’s most recent routine maintenance was carried out in May 2025 at an indicated 69,400 km by Flat Four, which consisted of an engine oil change. The rear brake discs were replaced in August 2023. Other notable maintenance includes a ceramic coating being applied. This Subaru Impreza WRX Type-R STi Version 3 is an exciting and versatile modern classic rally-derived Japanese performance hero, which has been enhanced with several discerning upgrades. Presented in a resprayed Chase Yellow finish, with timeless styling, and boasting a lively turbocharged flat-four engine coupled to a surefooted four-wheel drive system, it would make a stand-out addition to any assembly of Japanese modern classics, and an engaging companion for retro daily driving, weekend fun, and car show visits alike.