1104/450 St Kilda Road Melbourne VIC 3004

Prime St Kilda Road address | Secure parking included | High rental yield potential | Flood overlay present | Premium building finishes This unit presents a competitively strong offering within the premium Opera Residences, distinguished by its inclusion of secure parking—a valuable feature not guaranteed in this apartment belt. The property’s estimated rental yield sits above typical market returns, positioning it well for an investor seeking cash flow from a modern, well-appointed one-bedroom unit in an iconic location. It best serves a buyer prioritizing a turnkey investment with above-average income generation over immediate capital growth. The primary decision factor is the flood overlay, which necessitates specific due diligence on insurance costs and potential future resale constraints. The current asking range appears positioned below several automated valuations, suggesting a negotiated purchase could secure an entry below estimated market value. Proceed with an offer anchored by a professional valuation to account for the overlay’s impact, targeting a hold as a long-term rental. Our detailed report would clarify the real market valuation and quantify locality risks like flood insurance premiums.