1205/555 Flinders Street, Melbourne VIC 3000

1 bedroom + 1 car space | Level 12 | CBD address | 50 sqm with parking | Strong rental appeal This unit offers a rare configuration for a one-bedroom in a central Melbourne complex: a dedicated car space on a high floor with 50 square metres of internal area. That combination positions it well above the entry-level studio or no-parking unit in terms of buyer demand and rental resilience. The primary competitive strength is the parking, which significantly narrows the pool of comparable stock and attracts professionals who need a car but want a city base. It suits an owner-occupier seeking convenience or an investor targeting the upper end of the one-bedroom rental bracket, where parking commands a clear premium. The key risk is the building’s age and size, which can mean higher owners corporation fees and less capital growth than boutique or newer complexes. The purchase price likely reflects that discount, which is not necessarily a flaw if the buyer holds for income rather than short-term appreciation. The opportunity is in the rental yield: a one-bedroom with a car space on level 12 should achieve above-market rent and lower vacancy risk. The property should be held for steady cash flow, not flipped for a quick gain.