104/77 Queens Road, Melbourne VIC 3004

2-bed apartment, South Melbourne fringe | Flood overlay flagged | Strong rental yield potential | Suits investor or owner-occupier This property is positioned in a well-connected inner-city pocket with solid rental demand, supported by good school zoning and modern amenities like split-system heating and cooling, floorboards, and a dishwasher. The estimated rental income of around $750 per week implies a gross yield above 6%, which is competitive for the area and attractive to investors seeking cash flow. For owner-occupiers, the combination of two bathrooms, a carport, and FTTP broadband adds convenience, while the building’s gym and intercom enhance liveability. The property is best suited to buyers prioritising rental return or a low-maintenance home in a transit-rich location. The flood overlay is the primary risk, potentially increasing insurance premiums and narrowing lender appetite, so a detailed flood history check and insurance quote are essential before proceeding. Body corporate fees and any special levies are not disclosed but will materially affect net returns, particularly for investors. The asking range aligns with the estimated market value, suggesting limited negotiation room unless building defects or high strata costs emerge. For a buyer comfortable with due diligence on flood risk and strata finances, this property offers a rare combination of yield and location in a tight market.