2601/17 Spring Street, Melbourne VIC 3000

Views over Treasury Gardens | Level 26 corner residence | tightly held Paris End address | 240sqm with winter garden This property occupies a genuinely rare position in Melbourne’s residential market. The 240 square metre internal footprint combined with the winter garden creates a floorplate that few new-build apartments can match, and the orientation over Treasury and Fitzroy Gardens guarantees outlook that cannot be built out. The building’s small count of 73 residences across 33 levels means lower density than most CBD towers, and the developer and architect pedigree signals enduring construction quality. This suits an owner-occupier seeking a permanent home rather than a short-term trade, because the size and aspect are what drive long-term value retention in this segment. The primary risk is the seven-year gap since last sale at a price very close to current mid-estimates, which suggests the market has not meaningfully re-rated this address despite inflation in construction costs for comparable new stock. Buyers should test whether the current asking reflects genuine demand or vendor expectations that have not yet adjusted. The absence of recent comparable sales in the immediate building makes valuation dependent on broader prestige apartment benchmarks, which introduces negotiation room if the property has been on market quietly. The school catchment overlay adds practical utility for family buyers but does not command a premium at this price point. Hold this as a long-term primary residence and the scarcity of the configuration will compound; flip within five years and the illiquidity of the high-end apartment market becomes the dominant factor.