405/93 Flemington Road, North Melbourne VIC 3051

2-bed, 2-bath inner-city apartment | strong school zone | heritage overlay applies | high rental demand corridor This property presents a rare configuration in a tightly held inner corridor, two bathrooms in a 78sqm footprint being a genuine edge over most comparables in the Flemington Road precinct. The University High School and North Melbourne Primary School catchment is a material advantage for family tenants and owner-occupiers alike, and the furnished status with 5G coverage supports a premium rental position near the $700 per week mark. For a buyer seeking a low-maintenance holding with above-average tenant appeal, this unit competes well against newer stock that often sacrifices second bathroom space. The heritage overlay HO1143/1144 is the primary constraint, limiting external changes and potentially affecting future balcony or window upgrades, while the flood and bushfire overlays require due diligence on insurance premiums and lender appetite. These overlays do not destroy value but they compress the buyer pool and cap renovation upside. The opportunity lies in holding for rental yield rather than flipping, as the location near the CBD, hospitals, and universities ensures consistent demand. Buy this for cashflow and school zone leverage, not for land speculation.