1305/565 Flinders Street, Melbourne VIC 3000

Flood overlay risk | Market declining -1.2% to -2.9% | Rental yield 7.2–7.3% | No heritage or bushfire overlay. This property carries a flood overlay that may raise insurance costs and narrow lender appetite, which is priced into the current market. The declining suburb trend means near-term capital growth is unlikely, but a 7.2–7.3% rental yield offers cash flow that offsets this. For a buyer seeking stable income rather than short-term appreciation, this unit can be held as a rental hold. The Yarra River view and secure parking are rare at this price point in the CBD, giving the unit a competitive edge over similar studios nearby. Air conditioning, built-in robes, and a study area add practical liveability for an owner-occupier or tenant. It best suits a buyer prioritizing yield and location over growth, who can absorb the flood overlay risk through due diligence. Contact your conveyancer to review the flood overlay’s impact on insurance premiums and lender terms before proceeding.