313/201 High Street, Prahran VIC 3181

North-facing balcony in Trilogi | walk to Chapel Street | secure storage cage included | flood overlay flagged in council data This unit occupies a rare intersection of new-build quality and genuine walkability, with the north-facing orientation and floor-to-ceiling glass delivering natural light and passive temperature control that most apartments in this price bracket lack. The secure storage cage and building amenities—gym, landscaped terraces, rooftop media room—add tangible utility for a first home buyer or investor targeting the professional rental market near Chapel Street. The kitchen and bathroom are finished to a standard that should hold appeal for another five to seven years without major refresh, which strengthens the buyer’s negotiating position relative to older stock in the same postcode. The flood overlay is the primary structural risk and should be investigated through a qualified inspector and council flood mapping before any offer is made—this may affect insurance premiums and resale appetite among cautious buyers. The property is strata titled within a larger complex, so body corporate fees and any special levies for common area maintenance or insurance need to be confirmed early. For an investor, the rental yield near $485 per week against a likely purchase price in the low-to-mid three hundreds is competitive for inner Melbourne, and the FTTP connection supports remote workers. Hold this property for medium-term capital growth driven by Prahran’s infill demand and transport connectivity, not for short-term flipping.