2504/27 Little Collins Street, Melbourne VIC 3000

High-rise studio alternative | 44sqm tight for living | single bathroom risk | periodic lease locks return. The unit’s 44 sqm floorplate and 25th-floor position create both a functional constraint and an exposure risk. Comparable one-bedroom apartments in the core CBD tower stock trade at $360,000–$380,000, making the current list range slightly concessional but not distress-priced. Buyers must discount the periodic tenancy at $535 pw: it provides immediate cash flow but sits below the $550–$600 pw achievable for an updated unit-potential lost income of $1,300–$3,380 per annum that can be recaptured only at lease renegotiation. This property suits a landlord accepting below-market rent for liquidity, not a buyer seeking yield optimisation. Hold for capital growth, not for aggressive rental upside. What is competitively strong here is the scarcity of sub-$350,000 entry points inside the Hoddle Grid with a balcony and separate kitchen. Most comparables at this price lack natural light or sit on lower floors; this unit’s 25th-level aspect and open-plan layout provide a rentability floor below which values rarely fall. The primary school zoning adds no premium but supports tenant demographics. It best serves a first-time investor or a downsizer trading land for location-someone who values walk-to-work convenience and a new-build envelope over space. For a buyer ready to act, the next step is to verify building quality (check owners corporation minutes for structural reserve funding) and to commission a condition report on the 44 sqm floorplate-especially the kitchen joinery and balcony waterproofing-before lodging an offer at $320,000.