3411/105 Clarendon Street, Southbank VIC 3006

High-floor apartment | dual parking atypical | flood overlay present | strong rental yields | investor-heavy building This unit presents a competitively strong proposition within its market segment, primarily due to its dual parking spaces-a configuration that is rare in the high-density Southbank apartment stock and provides a tangible advantage for both resident convenience and rental appeal. The property sits within a well-established complex demonstrating consistent transactional activity and robust rental demand, with yields between 7-9%, making it particularly suited for investors seeking cash flow or owner-occupiers who value the security of a second car space. Its high-floor position suggests potential city views, aligning it with the building’s typical modern finishes and amenities, while the established mix of long-term owners and shorter-term investors indicates a stable, if turnover-prone, ownership base. The primary decision factor is the flood overlay, a material risk that necessitates specific due diligence on insurance costs and potential future resale constraints, which can erode capital growth. The commercial logic lies in acquiring a functional two-bedroom unit with a scarcity feature in a liquid market; the recent comparable sales data provides a firm foundation for negotiating within the listed range. Given the strong yield profile and the building’s clear appeal to the investor and professional renter demographic, this property is best held as a medium-term investment to leverage rental demand, with a clear exit strategy that accounts for the ongoing high-density supply in the precinct. Recent sales within the same building at 105 Clarendon Street provide a direct value benchmark: – 1008/105 (72m²): Sold $550,000 in January 2026. – Unspecified unit (81m²): Sold $560,000 in November 2025. – 1803/105: Estimated sale $520,000 in December 2025. – Multiple other 2-bedroom units have sold between $507,000 and $590,000 in late 2025. This cluster of sales firmly anchors the subject property’s listed price range of $480,000-$520,000 at the mid-to-lower end of achieved results, suggesting the asking price is positioned competitively, especially when considering this unit’s additional parking space.