410/470 St Kilda Road, Melbourne VIC 3004

Park-facing | lock-and-leave | flood overlay noted | stable building tenure The case for this unit rests on its rare park-facing position within a well-established building, offering uninterrupted views over Albert Park Golf Course that are unlikely to be built out. The open-plan layout with full-height glazing captures natural light from east and south aspects, and the inclusion of secure parking plus a carport adds practical value in a dense inner-city location. This property suits an owner-occupier who prioritises outlook and privacy, or an investor targeting the suburb’s 6% rental yield with strong weekly rent estimates between $695 and $855. The flood overlay is the primary risk and should be investigated through building records and insurance quotes before proceeding. The building’s ownership tenure shows 37% of owners have held for over ten years, suggesting stable management and limited forced sales. The unit last traded in 2010, and while no prior price is available, the current asking range sits below the estimated $712,000 value, offering potential upside for a buyer prepared to act on the price gap rather than wait for further reductions.