2201/1 Balston Street, Southbank VIC 3006

2201/1 Balston Street, Southbank VIC 3006
Large three-bed apartment in Southbank | High-floor corner with bay views | Appeals to owner-occupiers and downsizers | Flood and heritage overlays apply This apartment is competitively strong because its three-bedroom layout and 91-square-metre internal area are considerably larger than the typical Southbank offering. The high-floor corner position with bay views from every room adds a rare quality for an apartment in this precinct. It is best suited to owner-occupiers or downsizers who value space and amenity within a central location. The buildingโ€™s gym and pool further enhance its appeal. The propertyโ€™s value may be influenced by the flood and heritage overlays, which might impose future restrictions or costs. The buildingโ€™s age could affect long-term maintenance expectations, though this remains unconfirmed. These factors should be weighed against the premium features of size and view when forming a view on price.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 2201/1 Balston Street, Southbank VIC 3006
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Market Insight:

Southbank is a central Melbourne unit-dominated market with strong connectivity, where investor-driven demand for apartments underpins a stable rental environment. Recent price trends reflect a softening market with moderate sales velocity, indicating a period of price adjustment. Future growth is linked to its established infrastructure, though key risks include the potential for oversupply and sustained price sensitivity in the unit segment.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

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