1408/39 Park Street, South Melbourne VIC 3205

Corner aspect | high floor | city and park views | premium building amenities | strong rental yield potential This apartment occupies a north-east corner position on a high floor, which is rare in this building and delivers exceptional natural light and dual-aspect city and park views. The configuration is efficient for a two-bedroom, with the main bedroom enjoying its own ensuite and city outlook, while the second bedroom’s Murphy bed adds genuine flexibility for professional couples or downsizers who need a home office. The building’s concierge, pool, gym, and spa are not generic inclusions here,they support a lock-and-leave lifestyle that commands a rental premium in South Melbourne’s tightly held market. For a buyer seeking a property that competes on both lifestyle and investment logic, this unit’s positioning within the building and its view corridor are the primary differentiators. The flood overlay flagged on the building is a known risk that will require due diligence on insurance costs and body corporate history, but it is unlikely to affect day-to-day living or resale in this precinct. The asking range sits at the lower end of recent comparable sales, which creates a negotiation window,particularly given the listing has only been live for a week. The key opportunity is to secure this property below $680,000, where the rental yield approaches 5.5% and the view premium is effectively discounted. Hold this property as a core city-fringe residence or rent it out; either way, the corner aspect and building amenities underpin long-term demand.