30/93-103 High Street, Preston VIC 3072

1 bed, 1 bath, 1 car | compact apartment in active building | priced below recent 2-bed sales | suited to first-home or investor buyer The primary competitive strength of this apartment is its price positioning within an active building where larger units have recently cleared at higher levels, giving a 1-bedroom buyer a rare entry point into a complex with proven demand. The single car space and compact layout serve first-home buyers or investors seeking lower outlay in a well-connected Preston location. This unit’s configuration is standard for the building, not unique, but the price guide places it below the building’s median, which improves relative value for a buyer who prioritises affordability over space. The key risk is that a 1-bedroom unit in this complex may face tighter resale competition than the larger layouts, and the building’s mix of owner-occupiers and investors could influence future body corporate decisions. The opportunity lies in holding for rental income, as comparable local estimates suggest weekly rent around $460–$475, providing a reasonable yield against the purchase range. A buyer should treat this as a functional, low-maintenance property suited to steady capital growth over time, not a short-term flip.