3/86 Kavanagh Street, Southbank VIC 3006
3/86 Kavanagh Street, Southbank VIC 3006
3-bed oversized apartment | boutique low-rise section | 97m² internal | sold $748k Feb 2023 | owner-occupier appeal
This apartment is competitively positioned within Southbank because of its size and building character. At 97 square metres internal, it is materially larger than most apartments in the precinct, which are typically compact one- and two-bedroom investor stock. The boutique low-rise section of the Sentinel suggests a more substantial layout and likely better build quality than the high-density towers that dominate the suburb. A three-bedroom, two-bathroom configuration at this scale naturally suits owner-occupiers, downsizers, or city-fringe professionals who want inner-city living without the cramped floorplan. That buyer profile tends to be more price-stable than the investor cohort, which can be an advantage in softer markets.
The recorded sale at $748,000 in February 2023 provides a clear price anchor, though the later marketing range of $790,000 to $850,000 may reflect changed market conditions or vendor expectation rather than intrinsic value growth. The floor level appears to be Level 1, which may limit outlook and natural light compared to higher floors, and the absence of verified aspect or balcony data means the property’s true amenity is not fully knowable from available information. Buyers should verify orientation, finishes, and any building maintenance obligations before forming a view on price. The lack of confirmed school zones and rental data means yield assumptions should be treated cautiously.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/86 Kavanagh Street, Southbank VIC 3006
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Southbank is a central Melbourne unit-dominated market with strong connectivity, where investor-driven demand for apartments underpins a stable rental environment. Recent price trends reflect a softening market with moderate sales velocity, indicating a period of price adjustment. Future growth is linked to its established infrastructure, though key risks include the potential for oversupply and sustained price sensitivity in the unit segment.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
110m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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