706/58 Jeffcott Street West Melbourne VIC 3003

North-facing | level 7 | 99m² | one car space | city-edge | heritage overlay zone | high rental confidence The buying case rests on an uncommon combination: a genuinely large three-bedroom apartment with a north aspect and a dedicated car space, within walking distance of the Melbourne CBD. For a buyer seeking a permanent home or a high-yield rental, the 99m² floorplate and secure complex positioning provide a rare alternative to smaller, carless new-build stock. The property best suits an owner-occupier wanting city convenience without a tower footprint, or an investor targeting stable, above-median rent from a professional tenant pool. The estimated rental midpoint of $840 per week, against a purchase range below $830,000, signals a gross yield near 5.3%—strong for inner Melbourne. The heritage overlay adds a layer of approval risk for any future external alterations, but it also protects the area’s character and limits oversupply. The main cost to the buyer is the gap between the asking price and the estimated value range of $720,000–$768,000; paying at the top end requires confidence that the north-facing layout and car space will command a premium at resale. The opportunity lies in negotiating toward the lower end of the range, where the rental return and scarcity of the configuration create a buffer. Hold this property as a long-term residential investment or primary residence—its size and parking will retain demand when smaller units do not.