609/94 Stanley Street, West Melbourne VIC 3003

609/94 Stanley Street, West Melbourne VIC 3003
Spacious 3-bed apartment | 2-car parking rare in inner-city | Strong rental yield above 5% | Premium finishes in The Marker development This apartment stands out in West Melbourne for its generous 107-square-metre internal area and two-car parking, both uncommon for an inner-city unit. The three-bedroom, two-bathroom configuration with modern finishes like floorboards, air conditioning, and an alarm system positions it well for professionals, downsizers, or small households seeking more space near the CBD. Its rental yield of over 5.5% signals strong tenant demand, making it equally suitable for an investor targeting reliable income from a larger apartment in a well-regarded development. The property’s sale price may be influenced by its last sale in 2019 for over $1 million, which could set a reference point for current expectations. The absence of confirmed floor level or aspect means potential outlook or noise exposure should be verified in person. Its estimated value range suggests room for negotiation, and the high asking rent indicates ongoing rental appeal, but buyers should assess how the apartment’s size and parking premium compare to other offerings in the area.
Detailed Independent Property Report prepared  by PropCred Analyst team for 609/94 Stanley Street, West Melbourne VIC 3003
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ! 1
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Insight: West Melbourne VIC 3003

West Melbourne offers a compelling entry point within the broader metropolitan market, characterised by a distinct divergence between its house and unit segments. Strong buyer engagement is fuelling robust capital growth for houses, reflecting demand for more affordable options in the city’s west. Conversely, the unit market faces headwinds with softening values, indicating segment-specific challenges. Future performance remains sensitive to broader interest rate movements, though stabilisation could further support sentiment, while the persistent underperformance of units presents a key market risk.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

6/35 Fitzgerald Street, South Yarra VIC 3141

Buyers looking at South Yarra would see a one-bedroom, one-bathroom apartment with one parking space and a recorded land size...

2/55 Chester Road, Ingleburn NSW 2565

This is a two-bedroom, one-bathroom apartment with one parking space and a recorded land size of 1506m² in Ingleburn. It...

88 Richard Street, Bridport TAS 7262

Buyers looking at Bridport would see a five-bedroom, two-bathroom home with three parking spaces on 1012m². Notable features include compact...

14/47 Abbeywood Street, Taigum QLD 4018

With four bedrooms, two bathrooms and two parking spaces and on 169m², this townhouse in Taigum has a practical base....

10 Parade Square, Maribyrnong VIC 3032

10 Parade Square, Maribyrnong VIC 3032 is a two-bedroom, two-bathroom townhouse with one parking space on 1.48 acres. Specific highlights...

4/16 Westminster Avenue, Dee Why NSW 2099

The core facts are simple: one bedroom, one bathroom and one parking space plus a recorded land size of 714m²...

18/50 Morang Road, Hawthorn VIC 3122

This apartment in Hawthorn is configured with two bedrooms, one bathroom and one parking space plus a recorded land size...

6 Murawa Street, Frankston VIC 3199

A three-bedroom, two-bathroom home with one parking space in Frankston, this property is recorded as sitting on 585m². The property...

55 Portmarnock Circuit, Connolly WA 6027

Connolly is the setting for a four-bedroom, two-bathroom home with two parking spaces on 808m². Notable features include 808 m²,...

4/16 White Avenue, Bayswater North VIC 3153

The layout provides two bedrooms, one bathroom and one parking space plus a recorded land size of 184m² in Bayswater...

2/50 Greber Road, Beerwah QLD 4519

With two bedrooms, one bathroom and two parking spaces, this duplex in Beerwah has a practical base. For day-to-day use,...

9 Vault Road, Southern River WA 6110

With five bedrooms, three bathrooms and two parking spaces and on 450m², this home in Southern River has a practical...