3/456 William Street, West Melbourne VIC 3003

2 bed | 2 bath | boutique 13-property block | West Melbourne fringe | estimated $1.54m | not currently listed The property sits in a small 13-unit boutique building at 456 William Street, which is a rare configuration for West Melbourne and gives buyers a positional advantage over larger developments. The 2 bed 2 bath layout with a reported 158m² lot and single car space suggests generous internal proportions, likely above typical apartment floorplates in the area. This makes the unit suited to owner-occupiers seeking inner-city space without moving to a house, or investors targeting premium long-hold tenants. The estimated $1.54 million value reflects upper-market positioning, which in a boutique block typically holds better than comparable high-rise stock due to lower supply and stronger buyer demand for smaller buildings. The Walnut Tree building association at the address hints at quality finishes and security, reinforcing the units appeal to professionals or downsizers wanting low-maintenance living close to the CBD. The key risk is the lack of current market activity, which means any buyer would need to approach off-market or wait for a listing, potentially losing negotiating leverage if demand rises. The car space count is unconfirmed, and the 158m² figure may not apply precisely to unit 3, creating due diligence gaps that could affect valuation. On the opportunity side, West Melbourne has seen steady capital growth driven by CBD proximity and limited new boutique supply, so a patient buyer could secure this below peak pricing if the owner is motivated. The absence of FTTP or NBN specifics is not a dealbreaker but should be verified for remote workers. Hold this property as a primary residence or medium-term rental, and expect it to outperform larger complexes in resale.