1106/28 Wills Street, Melbourne VIC 3000

1106/28 Wills Street, Melbourne VIC 3000
Level 11 CBD residence | Fully renovated | Heritage overlay | Secure car space | Strong rental demand This property presents a competitively strong inner-city holding, defined by its premium renovation and rare inclusion of a secure car space within a high-density postcode. Its position on level 11 offers elevated city views and quietude, while the walkable location adjacent to Flagstaff Gardens and universities creates immediate appeal for both owner-occupiers seeking convenience and investors targeting professional tenants. The complete modernisation means it is transaction-ready, eliminating renovation risk and cost for the incoming buyer. Decision hinges on reconciling the unusual 550mΒ² land attribution, which likely reflects a strata title share, against the compact 90sqm internal living area. The heritage overlay imposes aesthetic constraints on future external alterations. For an investor, the rental estimates suggest solid yield, but the price bracket demands scrutiny of recent comparable sales. Proceed as a turnkey inner-city unit for long-term hold, leveraging its modern finishes and car space to outperform unrenovated stock in both capital growth and tenant appeal.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Melbourne’s core is defined by its unparalleled lifestyle proximity and tightening supply, attracting a broad buyer pool of owner-occupiers, downsizers, and investors. Sustained demand is driven by urban renewal, low vacancy rates, and robust sales activity, supporting solid price growth. Future prospects are underpinned by scarcity and gentrification, though affordability pressures and an easing of supply tightness present emerging headwinds for the market’s resilience.
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PropCred Estimated Value

Bedrooms

Bathroom

Parking

1

Land

550mΒ²

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