12/50 Rosslyn Street, West Melbourne VIC 3003

West Melbourne flat | 2-bed, 1-bath | 7% rental yield | heritage overlay | near Flagstaff Gardens This unit at 12/50 Rosslyn Street presents a rare combination of sub-$400,000 entry into the Melbourne CBD fringe with a rental yield approaching 7%, making it one of the stronger investment propositions in the inner city. The 631m² lot allocation and built-in robes are secondary to the property’s real edge: its position within walking distance of Flagstaff Gardens, Queen Victoria Market, and the CBD means it commands consistent tenant demand from young professionals and students. For a buyer seeking immediate cash flow or a low-cost foothold in a blue-chip location, this property’s yield and location are its primary competitive advantages. The heritage overlay introduces renovation constraints that will limit value-add potential, and the 2016 sale price of $400,000 suggests the market has not appreciated in seven years, which points to soft capital growth in this building. The buyer should expect this property to perform as a yield play, not a growth story. With NBN Fibre and 5G coverage supporting remote work appeal, and a 7% gross yield providing a buffer against interest rate movements, the commercial logic is straightforward: hold for income, not appreciation, and exit only when the yield compresses or the market re-rates this pocket of West Melbourne.