2607/180 City Road Southbank VIC 3006

Level 26 city-edge unit | 1-bed with car & garage | High-confidence rental yield | Flood overlay noted | Long-tenant building This unit presents a competitively priced entry into a secure, high-amenity Southbank location, directly serving first home buyers or investors seeking a low-maintenance holding. Its specific advantages include a dedicated garage space—a relative rarity for one-bedroom configurations—and a strong, demonstrable rental yield that exceeds building averages, indicating immediate income viability. The property suits buyers prioritizing a lock-and-leave lifestyle with direct access to the arts precinct and CBD, supported by building-wide amenities that sustain tenant demand. The primary decision mechanism is the identified flood overlay, which necessitates specific due diligence on insurance premiums and potential future council mitigation costs. The limited recent comparable sales data requires a cautious valuation approach, leaning on the provided agency estimates as a guide only. The building’s high proportion of long-term residents suggests stability but may indicate slower turnover. Acquire this as a long-term hold for rental income, not short-term capital growth. A comprehensive property report would clarify the real market valuation against these risks and provide the necessary checks on locality-specific overlays and insurability. Recent comparable sales are limited, but building-specific data provides context. A similar one-bedroom unit in this building sold for $415,000 after a twelve-year hold. Two-bedroom units in the complex have transacted between $649,000 and $807,000. This signals that one-bedroom units here offer an accessible price point but have historically demonstrated modest annual growth, framing this purchase primarily for yield rather than rapid appreciation.