1002/10 Wominjeka Walk, West Melbourne VIC 3003

Corner unit | Hecker Guthrie design | West End precinct | 2 car spaces | 3.1m ceilings | City views This property’s competitive strength lies in its combination of a top-floor corner position with 2 secure car spaces, a rarity in inner-city apartments. The 3.1m ceilings and open-plan layout by Hecker Guthrie offer a spatial quality that typically outperforms standard stock in the West End precinct, making it a strong hold for an owner-occupier seeking genuine livability or an investor targeting tenants who value design and parking. The location within the Melbourne Free Tram Zone and proximity to Southern Cross Station reduces car dependency, while the absence of flood, bushfire, or heritage overlays simplifies due diligence. The key risk is the current asking range sitting below the 2018 purchase price of $1,263,830, which may indicate a softer market or condition-driven discounting. This creates potential for a buyer to negotiate below replacement cost, but also signals that capital growth has not materialised over 6 years. The rental estimate of $1,070–$1,180 per week supports a yield near 5%, which is competitive for the precinct. Hold this property for steady rental income or as a long-term primary residence where design and location outweigh short-term appreciation.