1805/14 Kavanagh Street, Southbank VIC 3006

Level 18 unit | Two-bedroom, two-bathroom configuration | Strong long-term holder profile in building | Positioned above recent comparable sale This unit presents a competitively strong two-bedroom, two-bathroom configuration in a well-established Southbank tower, a format offering superior appeal for owner-occupiers or sharers over common one-bathroom layouts. Its position on a high floor commands a premium, and the building’s overwhelmingly long-term resident profile indicates a stable, invested community, reducing turnover volatility and supporting maintenance standards. This property best serves a buyer seeking a low-maintenance inner-city base with a functional layout for holding over the medium to long term. The primary decision hinges on reconciling the wide valuation range with recent building sales, where a lower-floor two-bedroom unit transacted significantly below the subject’s estimates. This discrepancy represents a material pricing risk, demanding rigorous due diligence on the premium for level and second bathroom. The opportunity lies in securing a well-configured unit in a settled building, provided acquisition aligns with the lower end of the value spectrum. Proceed only with a negotiated price anchored to demonstrable comparable evidence. Recent sales within the building provide critical context for your assessment: – 305/14 (2 bed, 1 bath): Sold $298,500 in Jun 2025. – 1807 (2 bed, 2 bath, 1 car): Sold $585,000, held 16 years. – 2004 (3 bed, 2 bath, 1 car): Sold $721,000, held 25 years. – 2604 (3 bed, 3 bath, 2 car): Sold $1,485,500, held 13 years. The sale of apartment 1807 is the most direct comparable, suggesting a two-bedroom, two-bathroom format with parking has established a market benchmark near $585,000. The wide gap between this and the subject’s higher estimates must be justified solely by its level 18 position.