2402/105 Batman Street, West Melbourne VIC 3003

High-floor 1BR with car space | heritage overlay | prime city fringe | strong estimated rental yield This unit presents a competitively strong offering for an investor seeking a low-maintenance entry into a vibrant inner-city precinct. Its high floor and secure car space are premium features in this configuration, while the building’s six-star amenities align with expectations for modern CBD-fringe living. The property is best suited to a capital growth-oriented buyer comfortable with a heritage overlay, as it serves urban professionals drawn to the proximity of Flagstaff Park, Queen Victoria Market, and major transport corridors. The primary decision point is the heritage overlay, which imposes a tangible risk by limiting future alterations and potentially complicating renovations, a cost in flexibility for the owner. However, the estimated gross rental yield near 7% provides solid commercial logic for a buy-and-hold strategy, leveraging the high rental demand implied by the suburb’s dynamics. Proceed with an offer anchored to the lower end of the estimated value range, using a professional property report to validate the real market valuation, clarify all heritage controls, and assess building insurance and locality-specific risks.