210/88 Kavanagh Street, Southbank VIC 3006

Kavanagh Street, Southbank | 1-bed with car space | premium building amenities | stable ownership profile | flood overlay flagged This property occupies a defensible position in Melbourne’s inner-city apartment market. The inclusion of a car space in a 55m² floorplan is increasingly rare and directly improves exit options against newer, smaller stock. Building facilities,pool, gym, tennis court,lift it above the generic investor-grade towers nearby, making it suitable for both owner-occupier professionals and investors targeting resilient rental demand. The 2003 build date avoids the construction quality concerns of more recent high-density projects, and the long ownership tenure among current residents suggests a well-managed, stable building. The flood overlay is the primary structural risk. It may affect insurance premiums and could narrow the buyer pool for future resale, though it does not appear to have suppressed values within this building historically. Rental demand in Southbank remains strong given proximity to employment and amenity, and the estimated weekly return supports a viable holding cost. Buyers should commission a full strata inspection and verify insurance terms before proceeding. For an investor, this works as a long-term hold with reasonable yield; for an owner-occupier, the amenity and location justify the price point.