1606/250 Elizabeth Street, Melbourne VIC 3000

High-floor CBD apartment with rare study space | Strong rental yield and suburb growth | Flood overlay noted | Premium Melbourne location with walkability This property offers a compelling entry into Melbourne’s CBD market, primarily due to its high-floor positioning with unobstructed views and a dedicated study area,a feature uncommon in apartments of this size and price point. The 74-square-metre internal area is generous for a two-bedroom, and the inclusion of a secure car space, gym, and indoor pool adds tangible lifestyle value. For a buyer seeking a home or an investment with strong rental demand, this unit is well-positioned to serve professionals, couples, or students attending nearby RMIT or University High. The balcony and natural light further enhance its appeal as a liveable inner-city residence. The detected flood overlay is a specific risk that may affect insurance premiums and could narrow the buyer pool at resale, though it has not prevented the property from being actively listed. The asking price sits above some automated valuations, which suggests room for negotiation,particularly given the property has been on market for only eight days. The suburb’s 4% growth and 6% rental yield support a buy-and-hold strategy, and the study space offers a clear advantage for remote workers. This property is best held as a long-term home or investment, with potential to outperform if purchased at or below the lower end of the price guide.