1011/601 Little Lonsdale Street, Melbourne VIC 3000

2-bed in high-tenure building | strong rental yield | near top-tier schools | long-held owner base This unit presents a competitively strong proposition for an investor seeking stable, long-term rental income within a tightly held building. Its two-bedroom configuration is a relative rarity in a building dominated by one-bedroom units, offering broader tenant appeal. The location within the catchment of well-regarded government schools adds a layer of enduring demand. It is best suited to a buyer prioritizing yield and tenancy security over short-term capital growth, given the building’s established resident base where sixty percent have owned for over a decade. The primary risk is the demonstrable weakness in capital growth within the building, with several comparable sales showing negative annualized growth over extended holds. This necessitates a buy-and-hold strategy focused on rental return. The recent sale and current rental listings, however, confirm a solid yield above seven percent is achievable. Proceed only if the investment thesis is income generation, as the price must account for the building’s historical performance suppressing resale upside. Recent sales within the same building indicate a compressed value range and challenging growth history. – Unit 1510 (2/1/0): Sold $430k, -0.51% annual growth over 11 years. – Unit 3014 (1/1/0): Sold $418.8k, -1.40% annual growth over 9 years. – Unit 2309 (1/1/0): Sold $410k, 0.37% annual growth over 6 years. – Unit 3712 (1/1/0): Sold $350k, -3.61% annual growth over 8 years. This pattern suggests the building has not kept pace with broader market appreciation. The subject unit’s two-bedroom layout and stronger yield profile may command a premium, but its value is firmly anchored by this building-specific trend.