719/55 Queens Road, Melbourne VIC 3004

1-bed, one-bath, one-car | Grosvenor on Queens | 1.15-acre shared land | heritage overlay | minutes from CBD and Albert Park The property occupies a rare intersection of compact footprint and generous shared land in a sought-after building, which gives a buyer positional leverage most apartments lack. The single-car inclusion and garage space are increasingly scarce in this price band near the CBD, making it a practical holding for a professional or investor targeting steady rental demand. The heritage overlay adds architectural cachet while limiting future high-density competition nearby, reinforcing the unit’s long-term scarcity. The 2007 sale at $469,000 signals the current asking range may offer re-entry below that peak, but the wide valuation gap—$432,000 versus $720,000—demands caution. The lower estimate from property.com.au aligns with the 2007 figure adjusted for market cycles, while the higher one likely reflects aspirational vendor expectations. Without recent rental history, the $580 weekly estimate must be stress-tested against comparable leases. Hold this unit as a core residential or rental holding, but negotiate firmly from the lower end of the range.