107/500 Flinders Street, Melbourne VIC 3000

CBD studio | renovated | low outgoings | flood overlay present This is a competitively priced entry point into Melbourne’s CBD market for an investor or first buyer seeking low-maintenance urban living. The renovated interior and functional floorplan give it an edge over dated stock in the same building, while the rooftop area adds lifestyle appeal without additional cost to the owner. Its location near Southbank and Docklands supports steady rental demand, and the $400 per week rental estimate offers a reasonable yield against the purchase price. The property suits someone prioritising affordability and location over space. The flood overlay is the primary risk, potentially affecting insurance premiums and resale buyer pools. Combined with the small footprint, this unit will always appeal to a narrow segment—investors or singles rather than families. The owners corporation fees at nearly $3,000 are not excessive for a CBD building but do reduce net yield. On the opportunity side, the wide valuation gap between sources suggests room for negotiation, particularly if the property has been on market only six days. Hold this as a rental for cash flow or as a low-cost city base, but expect capital growth to lag larger apartments in the same precinct.