2401/8 Sutherland Street, Melbourne VIC 3000
2401/8 Sutherland Street, Melbourne VIC 3000
3-bed 3-bath 2-car CBD unit | modern 2013 tower | full amenity stack | University High catchment | flood overlay flagged
This unit is positioned as a rare configuration within the Melbourne CBD apartment market. Three bedrooms, three bathrooms, and two car spaces are not commonly found in modern high-rise stock, and the 72 square metres of internal space is regarded as generous by inner-city standards. The building itself is considered relatively modern, having been completed in 2013, and its shared amenities, including an indoor pool, gym, spa, sauna, and rooftop terrace, form part of the everyday residential offering. The property is zoned for Carlton Gardens Primary School and University High School, a meaningful advantage in a postcode where school catchment is often overlooked. As a result, the unit is best suited to professional families, downsizers, or high-income sharers who want a central city base without compromising on space or parking.
The flood overlay is a factor that may be weighed by buyers when considering insurance costs, although for a unit on a higher level its practical impact may be limited. Value is likely to be influenced most strongly by the two-car layout and the three-bathroom configuration, which give the property a functional edge over typical CBD offerings. Aspect and floor level may also play a part in how the unit is priced, and these should be assessed by the buyer when forming a view on fair value.
Detailed Independent Property Report prepared by PropCred Analyst team for 2401/8 Sutherland Street, Melbourne VIC 3000
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Melbourne 3000’s inner-city position, defined by strong walkability and established transport links to employment hubs, sustains broad demand from owner-occupiers, downsizers, investors, first home buyers, students, and returning professionals. This diverse pool is met with constrained supply, evidenced by a tight vacancy rate of 1.3% and robust sales activity up 9.8% year-on-year. House values sit at $977,579 with 5.5% annual growth, while units record $642,431 and 2.7% growth, the latter highlighting relative affordability amidst shifting buyer preference. Rental fundamentals diverge sharply: houses yield 1.84% with a $650 weekly median, units yield a strong 8.00% with $675 weekly rents, underscoring investor focus on higher-density stock. Future drivers remain supportive—population growth, urban renewal, and scarcity of quality stock—but risks are mounting. New listings, up 17.5–18%, are easing supply tightness, while rate hikes and affordability pressures are softening buyer sentiment. Victoria’s land tax regime is a further drag on investor activity.
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PropCred Estimated Value
Comparable Sales: 2805/8 Sutherland Street, $500,000 (Dec 2021) | Listed Price Band: $800K–$900K | Value Indicator: three-bed three-bath layout, dual parking, school catchment
Bedrooms
3
Bathroom
2
Parking
-
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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