2804/160 Victoria Street, Carlton VIC 3053

Extra large luxury | Level 28 high-rise | Prime Carlton locale | Priced below last sale This unit presents a distinct value proposition based on its rare, extra-large floor plan in a high-demand location, a configuration increasingly scarce in new developments. Its positioning in Carlton places a premium on lifestyle convenience, serving owner-occupiers seeking space and proximity or investors targeting the strong university and professional tenant pool. The significant discount to its 2016 sale price and the building’s consistent rental history signal a potential market correction or motivated vendor, creating an entry point. Proceed with structured due diligence. The substantial price decline from its previous purchase requires investigation into building-wide factors, as the heritage and flood overlays noted on a comparable unit may impact insurance and renovation potential. The current asking range, notably below the estimated value of a higher-level comparable, offers commercial logic for a strategic buyer. Acquire this as a long-term hold, leveraging its inherent scarcity, with the immediate priority being a strata report to clarify capital works and overlay implications. Comparable data from the same building provides critical context: – Unit 3604: Indicative price $740,000-$760,000 | Estimated value $738,000 | Potential rent $970/week – Subject Unit 2804: Asking price $660,000-$690,000 | Last sold (2016) $911,000 | Last recorded rent $570/week (2022) This establishes a clear value gap, with the subject unit priced approximately 10% below a comparable on a higher floor. The rental estimate for Unit 3604 further suggests upside potential in achievable income, strengthening the investment case for the lower-priced opportunity.