1114/23 Mackenzie Street, Melbourne VIC 3000

Prime CBD two-bedroom unit | university and tram access | contemporary finishes | no parking included | fresh to market This property is positioned to attract strong tenant interest given its proximity to education and transport. The contemporary layout and finishes are consistent with professional renter preferences, and no parking is confirmed – a limitation that narrows buyer appeal but does not undermine the investment case. The rental yield sits above average for the segment, reinforcing suitability for income-focused buyers seeking a straightforward entry into the inner Melbourne market. The absence of dedicated parking remains the most prominent risk, affecting both tenant pools and future resale demand. Body corporate costs and building condition are unverified and must be reviewed before commitment. Valuation aligns closely with the current marketing range, reducing downside at this level. For an investor this property works as a hold-for-income position; for an owner-occupier, ensure lifestyle comfort without a car.