2307/105 Clarendon Street, Southbank VIC 3006

2 bed, 1 bath, 61sqm | Shadow Play complex | strong rental yield potential | central Southbank lifestyle This property sits in a well-regarded building with resort-grade amenities that are rare for its price point. The 61sqm internal area is competitive for a two-bedroom in this precinct, and the building’s long-term resident mix suggests genuine liveability rather than transient investor churn. The estimated value around $442,000 positions it below many comparable sales in the same complex, which creates a potential entry point for a buyer seeking solid rental returns or a low-maintenance city base. It suits an investor targeting yield or a professional wanting walk-to-work convenience with strong amenity. The main risk is the single bathroom and absence of parking, which narrows appeal to a specific buyer pool and may cap long-term capital growth. However, the building’s rental comparables show achievable weekly rents around $700, supporting a yield above 8%-strong for inner Melbourne. The location near Clarendon Street, South Melbourne Market, and the CBD ensures consistent tenant demand. This property should be held for income rather than flipped; its value lies in steady cash flow and lifestyle utility, not speculative appreciation.