79/120 Sturt Street, Southbank VIC 3006

79/120 Sturt Street, Southbank VIC 3006
2 bed apartment in secure complex | flood overlay noted | 1 car space | strata living suits urban professionals| This two-bedroom apartment with one bathroom and one parking space in a Southbank complex fits professionals or couples seeking low-maintenance inner-city living near the CBD. The unit delivers practical strata living with NBN fibre and 5G coverage, supporting remote work without the burdens of standalone maintenance. Its position within a residential-zoned block aligns it neatly alongside similar apartments on the street, blending into a walkable area zoned for local schools like South Melbourne Primary. Buyers drawn to such properties often include young professionals or downsizers prioritizing convenience over expansive space, given the shared lot structure typical of these developments. In the local market, comparable two-bedroom units hold steady appeal due to Southbank’s rental demand, with estimates around $680 weekly underscoring reliable income potential for investors. The flood overlay introduces a measured risk factor that discerning buyers factor into long-term holding strategies, yet reliable infrastructure mitigates daily concerns. This setup positions the apartment for enduring value in a market favoring compact, connected residences over larger formats. Overall, its straightforward attributes ensure it remains a pragmatic choice amid shifting urban preferences.

Market Insight:

Southbank is one of Melbourne’s primary high-density residential precincts located immediately south of the CBD. Demand is largely driven by investors, professionals, and international buyers seeking proximity to employment, entertainment, and university precincts. Property prices have experienced periods of volatility due to the large supply of apartments, though demand remains consistent due to the area’s central location. The suburb offers premium lifestyle amenities including the Yarra River promenade, Crown precinct, and arts and cultural venues.

PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

Built

Recent Assessments