1108/65 Dudley Street, West Melbourne VIC 3003

Northerly light | L-shaped balcony | Spencer complex amenities | Affordable city-edge | Investor-grade yield The buying case rests on a rare combination of natural light and usable outdoor space at an accessible price point. The northerly aspect and L-shaped balcony are uncommon in this bracket, giving the unit a competitive edge over comparable stock. At 58 square metres, the internal layout is efficient without feeling cramped, and the Spencer complex’s pool, gym, and rooftop terrace add lifestyle appeal that supports both owner-occupier and tenant demand. This property suits first home buyers seeking a low-maintenance foothold near the CBD, or investors chasing a circa 6% rental yield with strong occupancy fundamentals. The heritage overlay introduces minor constraints on future alterations, but does not materially affect a standard apartment purchase. The property is vacant, which removes settlement risk but also signals no current rental income,factor in holding costs until tenanted. The asking range sits near the lower end of the suburb’s growth trajectory, offering modest capital upside rather than a discount. Hold for steady rental return and gradual city-fringe appreciation; refinance after two years to extract equity for your next purchase.