1717/25 Coventry Street, Southbank VIC 3006

Southbank high-rise | two-bedroom timber floor | undercover balcony | 56% clearance zone The property’s 17th-floor position in the Botanic complex offers a rare combination of timber flooring and open-plan living that typically commands a premium in this market. The undercover balcony extends usable space without compromising light, and the fitted robes in both bedrooms reduce immediate fit-out costs. This unit serves best for professionals or investors targeting the persistent rental demand from Southbank’s 18,700 residents, where 530 sales this year indicate steady turnover. The 56% auction clearance rate signals softening demand, meaning buyers may negotiate below the asking range. The 2018 sale date suggests the current owner has held through a weaker cycle, potentially increasing motivation to transact. No mention of recent building defect history or strata levies creates due diligence risk , the $449 building report is non-negotiable. A buyer should offer with a 14-day building inspection clause and hold for at least five years to recover transaction costs in this clearance environment.