1004/101 Bay Street, Port Melbourne VIC 3207

2-bedroom flat in Port Melbourne | north-facing balcony | secure parking included | strong rental demand in Port Phillip | schools and transport within reach This property positions a buyer well in a sought-after pocket of Port Melbourne where 2-bedroom flats with secure parking are consistently absorbed by both owner-occupiers and investors. The inclusion of built-in robes, floorboards and a balcony lifts it above entry-level stock, while the absence of heritage or flood overlays reduces due diligence friction. It suits a professional couple or downsizer seeking a lock-and-leave base, or an investor targeting the Port Phillip rental market where weekly returns near $695 are achievable. The main risk sits in the strata structure on a 1.09-acre lot, where future special levies or capital works contributions could erode holding returns. The indicative price range suggests the vendor expects a premium for location and condition, so buyers must verify recent comparable sales within the building to avoid overpaying. The ground-floor restaurant tenancy may introduce noise or odour concerns for lower-level units. A pre-purchase building inspection and strata records review are non-negotiable. This flat works best as a medium-term hold in a stable corridor, with rental income offsetting holding costs until capital growth matures.