61/18 Queen Street, Melbourne VIC 3000

Art Deco icon | sixth-floor studio with full-width terrace | boutique 16-apartment block | steps from Flinders Street Station This unit occupies a rare position in a landmark 1930s building with only two apartments per level, giving it a privacy and scarcity profile that most studio apartments lack. The full-width terrace with city views, double-glazed windows, and integrated study alcove make it genuinely livable for a professional who works from home or values outdoor space in a compact footprint. For an investor, the 7.2% suburb rental yield and strong tenant demand near universities and transport support a buy-and-hold strategy with reliable cash flow. The heritage overlay limits structural changes but protects the building’s character, which is a net advantage for resale in this precinct. The absence of parking is a minor constraint for car-dependent buyers but aligns with the target demographic of city workers and students. Given the small lot share and low apartment count, owners should expect modest capital growth tied to the suburb’s 1.2% annual appreciation rather than dramatic uplift. Hold this property for steady rental income or as a lock-and-leave city base, not for speculative gain.