311/65 Coventry Street, Southbank VIC 3006
311/65 Coventry Street, Southbank VIC 3006
compact 1-bed apartment | Sunday complex 2014 | park-adjacent Southbank location | building pool and spa | flood overlay constraint
Positioned within the Sunday complex, this compact one-bedroom apartment is served by a strong amenity package including pool, spa, and landscaped common areas. The park-adjacent location is set close to the Royal Botanic Gardens and St Kilda Road trams, placing it in a quieter Southbank pocket while retaining walkable access to the arts precinct and South Melbourne shops. Industrial-style finishes and a 6-star energy rating are added qualities. This property is best suited to investors, or a single or couple wanting a low-maintenance urban base with solid building credentials.
The lack of a car space and the compact layout may limit appeal for owner-occupiers needing more room, while the flood overlay might influence insurance and risk perception. Floor level and orientation, not confirmed for the exact unit, can materially affect light, views, and resale value. Slower market conditions in Southbank may require patience, so these factors should be weighed when forming a view on price.
>> Comparable Sales: 712/65 Coventry (1 bed, no car) sold at $310k; 611/65 Coventry (2 bed, 1 car) sold at $618k | Property Price Band: $300K-$400K | Value Drivers: condition, floor level, outlook, parking availability
Detailed Independent Property Report prepared by PropCred Analyst team for 311/65 Coventry Street, Southbank VIC 3006
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Southbank’s inner-Melbourne position and transport links around St Kilda Road and Southbank Boulevard underpin activity, but the market is overwhelmingly a unit market: 596 unit sales against 7 house sales in the past year. Unit demand is driven by renters and investors, with median weekly rents holding at $695 for both houses and units and units averaging 45 days on market. Price signals are mixed: unit medians range from $501,850 to $555,000, with annual growth between -2.55% and -18.2%; house data is unreliable, with medians of $450,500 and $862,000 and growth of -64.3% on just 2-7 transactions. Infrastructure and rental stability support future demand, but thin house supply, softening unit prices, and 45-55 day selling periods are constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
123m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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