1103/166 Wellington Parade, East Melbourne VIC 3002
1103/166 Wellington Parade, East Melbourne VIC 3002
1103/166 Wellington Parade, East Melbourne VIC 3002 is an apartment in a large residential building on Wellington Parade, with the listing data showing it as a 1-bedroom apartment, a 71 m² (approx.) residence, and associated with 11th-floor views in the current sale description. The property was listed for sale as an apartment in East Melbourne. The broader building and listing evidence also points to pool, exercise space, and secure parking/secure access features in the complex, while nearby apartment stock in the same building includes 2-bedroom units around 73 m², indicating a mix of compact and larger layouts within the tower.
1-bed with MCG views | 11th-floor outlook | 71 sqm compact apartment | pool and gym in building
This apartment is positioned on the 11th floor of a well-established East Melbourne building, with the direct MCG view considered a rare find for a one-bedroom layout in this suburb. The 71-square-metre floorplan is seen as generous for its type, offering comfortable living space that is more typical of premium apartment stock than compact starter units. Access to a pool and exercise space adds a layer of lifestyle appeal that is expected to attract downsizers and city professionals seeking a low-maintenance yet prestigious address. The location on Wellington Parade is noted for its proximity to the city, parklands, and sporting precinct, which gives this property a competitive edge in a suburb often dominated by larger terrace homes
The building’s established age may be associated with future maintenance costs or special levies, which should be weighed against the convenience of on-site amenities. Event-day congestion around the MCG might affect livability for some buyers, though this is balanced by the vibrant location. The compact one-bedroom configuration may limit long-term appeal for families but it aligns well with the target investor or downsizer market
Detailed Independent Property Report prepared by PropCred Analyst team for 1103/166 Wellington Parade, East Melbourne VIC 3002
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
East Melbourne presents a high-value, professional enclave currently undergoing a significant market correction, with house prices experiencing a more pronounced downturn than units. Demand is bifurcated, driven by investor interest in a tight rental market and affordability pressures pushing first-home buyers toward the apartment segment. While persistent supply constraints provide a structural floor, the suburb’s immediate outlook is tempered by acute affordability challenges and sensitivity in its premium housing sector.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
1011m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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