307/35 Arden Street, North Melbourne VIC 3051

Top-floor positioning | premium natural light and views | strong rental demand near university precinct | heritage character with modern finishes. This property occupies a rare top-floor position in a well-located complex, offering superior natural light, screened balcony outlooks, and a layout that maximises the 67sqm footprint. The open-plan living with quality kitchen inclusions, double glazing, and split-system heating and cooling creates a low-maintenance, comfortable home that appeals strongly to owner-occupiers and professionals seeking proximity to Errol Street, Royal Park, and the university precinct. The 4.9% suburb-wide rental yield and 80% auction clearance rate support strong demand fundamentals. This unit suits a buyer prioritising lifestyle amenity, walkability, and long-term capital growth in a tightly held suburb. The heritage overlay limits external modifications but protects the area’s character and does not affect internal upgrades. The owners corporation fees are elevated at $1,542 per quarter, which must be factored into holding costs and may reduce net yield for investors. Recent sales within the complex show modest annual growth or slight declines, suggesting this building has not outperformed the suburb’s 18.2% growth. However, the top-floor configuration and superior natural light differentiate this unit from lower-level comparables. The property is best held as a long-term owner-occupied home or a stable rental investment in a high-demand corridor.