10/28 Park Road, Middle Park VIC 3206

Top-floor position | renovated Miele kitchen | meters from beach | secure car space The top-floor position and recent renovation give this apartment a clear advantage over older stock in Middle Park’s tightly held beachside pocket. The open-plan layout with Miele appliances and wine storage raises everyday liveability and appeals to professionals or downsizers who value walkability over square meters. The off-street car space, secure intercom, and bike storage are rare in this price tier and strengthen its rental appeal, with median rents near $480 per week covering holding costs comfortably. The heritage and flood overlays limit future redevelopment potential and may raise insurance costs, but the block’s 705m² land component offers long-term repositioning optionality if the building ever permits. The 2012 sale at $298,000 suggests capital growth has been moderate, though the current asking sits below the $610k comparable sold nearby, reflecting this unit’s smaller size. Buyers should verify body corporate fees and any special levies before committing. Hold this as a low-maintenance bayside base or rent it out for steady yield.