1004/605 St Kilda Road Melbourne VIC 3004

Modern build | two full bathrooms | prime school zone | secure parking | luxury shared amenities This unit presents a competitively strong offering within its own building, distinguished by its two-bathroom configuration—a notable advantage over similar one-bathroom layouts—enhancing both livability and rental appeal. The 2016 completion ensures modern standards, while the inclusion of a car space, floorboards, and balcony in a building with a pool and gym caters effectively to both owner-occupiers seeking convenience and investors targeting professional tenants in the St Kilda Road corridor. Its zoning for in-demand government schools solidifies its family appeal. The primary decision hinges on the price premium for the superior two-bathroom layout, which the limited comparable data suggests is approximately $65,000 over the one-bathroom variant. This premium must be justified against the broader market, as data on external comparable sales is absent, creating valuation opacity. Proceed with an offer anchored to the lower quartile of the estimated value range, conditional on building inspection and strata review; this property is best held as a long-term rental or entry-point home. A Propcred report would pressure-test this valuation, clarify locality risks, and streamline due diligence on strata health and insurance. Comparable data within the building indicates: – Unit 410/605 (2 bed, 1 bath): ~$656,000 – Unit 104/605 (2 bed, 2 bath): ~$770,000 This suggests a material value uplift for the two-bathroom configuration, though the subject unit’s lower floor likely positions its value between these points.