308/3 Victoria Street, Windsor VIC 3181

1 bed, 1 bath, 1 car | Windsor edge near station and Chapel Street | 70% owner-occupied building | $470k estimated value, $560pw rent This one-bedroom unit in a modern, well-maintained building at 3 Victoria Street offers a rare combination of a secure car space and a location that steps directly into Windsor’s prime dining and transport corridor. The 70% owner-occupier ratio signals stable neighbours and limited rental churn, which supports capital preservation. At an estimated $470,000, it sits above the Windsor one-bed median of $392,500, but the car space and building quality justify the premium. It best suits a first-home buyer seeking a liveable foothold with strong rental backup, or an investor wanting low-effort yield near 6.2%. The primary risk is the Heritage overlay, which may constrain future redevelopment or external alterations, though this is a minor concern for a single unit in a strata scheme. The 2017 sale price is not disclosed, but the $340,000 sale of unit 305/3 in 2023 (a 2-bed) suggests some units in the complex have traded at a discount, possibly due to condition or aspect. Buyers should inspect for noise from Victoria Street and verify the body corporate fees. The rental estimate of $560 per week provides a solid buffer. Hold this property as a long-term urban base or a steady rental; it is not a flip candidate.