520/55 Queens Road, Melbourne VIC 3000

2-bed apartment with lake views|secure parking|heritage precinct edge|strong rental yield potential | This two-bedroom apartment with one bathroom, one parking space and shared lot access in a mid-rise complex suits professional couples or downsizers valuing inner-city convenience and parkland proximity. Positioned on the upper floors of the Grosvenor on Queens, it delivers practical living through its balcony outlook across Albert Park Lake, offering a rare green buffer in this dense urban strip. The single bathroom layout supports low-maintenance use for smaller households, while the dedicated car space addresses parking scarcity common along Queens Road. Within the building’s established strata, it stands out for those lake views that enhance daily livability without the premium of frontline positioning. Buyers drawn to similar units here tend to be investors eyeing reliable rental returns around $700 weekly, given the suburb’s professional demographic and transport links. Comparable two-bedroom apartments in nearby towers have shown steady capital growth, bolstered by the heritage overlay that limits new supply and preserves streetscape appeal. Its residential zoning under Port Phillip Council ensures long-term stability, appealing to holders who prioritise lifestyle over rapid flips. The NBN fibre and 5G coverage further solidify its position for remote workers in a market where connectivity drives demand. Overall, this setup promises enduring value in a location where park proximity tempers high-density pressures.