1102/188 Macaulay Road, North Melbourne VIC 3051

1-bedroom apartment in Arden Gardens | north-facing with city views | modern kitchen and timber floors | strong rental demand near Macaulay Station This unit’s competitive edge lies in its rare combination of full-height glazing and a covered balcony within a well-managed complex that offers cinema, gym, and entertaining spaces—amenities that typically command a premium in North Melbourne’s rental market. The modern kitchen with breakfast bar and European laundry makes it immediately livable for a young professional or investor seeking low-maintenance occupancy. Its position near Macaulay Station and zoned for University High School supports consistent tenant interest, though the 1-bedroom configuration limits appeal to couples or single occupants rather than families. The flood overlay is the primary risk, potentially affecting insurance premiums and resale liquidity if buyers become cautious—this should be verified against VicPlan before proceeding. Comparable 2-bedroom units in the same block trade near $587,000, suggesting this 1-bedroom’s pricing at $420,000–$450,000 offers a reasonable entry point relative to the complex’s overall value. The property suits a hold strategy for rental income or as a city-fringe base, not a short-term flip.