1115/268 Flinders Street, Melbourne VIC 3000

1 bed apartment in established CBD tower | 2005 build with gym access | Flood/heritage overlays noted | Shares 2018m² lot with peers. This one-bedroom apartment in a 2005-built complex on a 2018sqm lot suits single professionals or investors seeking affordable CBD entry. Positioned within a high-density tower on Flinders Street, it delivers straightforward urban living with gym facilities and 5G coverage, practical for those prioritizing convenience over space. The shared lot size underscores its strata nature, where individual units like this compete directly with dozens of similar one-beds in the same building and street. Buyers drawn here typically include first-home investors or downsizers eyeing steady rental yields around $470-570 weekly in this pocket. Comparable apartments in the tower and nearby Franklin Street listings move briskly under $200,000, reflecting a market segment resilient to broader fluctuations due to low entry costs. Heritage and flood overlays add regulatory layers but haven’t deterred demand for these post-2000 builds. Long-term, its central zoning near schools like Carlton Gardens Primary supports holding value as Melbourne’s core remains a rental hub. That said, performance ties closely to tower management and upkeep, common variables in such complexes.