12/256 Williams Road Toorak VIC 3142

1960-built flat | 100 sqm internal | No parking | Toorak Primary zone | 5G & NBN coverage This unit presents a competitively sized floor plan in a prized school catchment, a combination that sustains tenant demand and supports value. Its recent significant rental growth signals a tightening local rental market. The property best serves an owner-occupier seeking entry into the zone or an investor targeting yield from a large-format unit, as the absence of a car space narrows its buyer pool to those reliant on exceptional public transport and walkability. The primary financial exposure is the lack of a car space, which permanently discounts the unit’s value and liquidity against local comparables. The 1960 build warrants a meticulous structural inspection. Consider this a hold for yield with modest capital growth, leveraging its school catchment. A Propcred report would pressure-test the $630k-$671k valuation range against true comparable sales, detail locality-specific insurance premiums, and audit the building’s strata health. Comparable sale within the same building: Unit 9/256 (2 bed, 1 bath, 1 car) sold for $680,000 in July 2024. This transaction confirms a material price premium for units with parking, providing a clear benchmark against which this property’s value must be discounted.