1404/20 Queens Road, Melbourne VIC 3004

High-floor luxury building | resort amenities | strong rental yield | flood overlay noted This unit presents a competitively strong proposition within the premium apartment market, defined by its position in a full-amenity building and a high-floor aspect that commands scarcity value. The combination of a near-4.5% yield and resort-style facilities squarely serves an investor or downsizer seeking a low-maintenance, high-convenience holding with immediate income potential. Its mid-range size against the suburb’s typical stock is offset by the building’s curated luxury, which sustains tenant and owner appeal. The primary decision hinges on the quantified flood risk, which imposes potential insurance premiums and resale friction that erode the yield advantage. However, the extended time on market preceding the last two sales suggests a buyer can leverage vendor fatigue to secure a price below the building’s perceived luxury premium. Acquire with a long-term hold strategy, leveraging the strong rental demand to service the property, while the building’s character preserves capital in a segment sensitive to amenity quality. Recent sales within this specific unit demonstrate a clear price trajectory: – March 2025: $1,220,000 after 173 days – May 2025: $1,250,000 after 304 days This pattern indicates a stabilised value just above $1.2 million, achieved despite protracted selling periods. For a buyer, this establishes a firm benchmark; any purchase above this recent plateau requires justification through superior terms or updated conditions.