37/120 Sturt Street, Southbank VIC 3006

North-facing double terrace in low-rise block | rare configuration in Southbank high-rises | fully renovated with dual outdoor spaces | strong rental yield suburb profile This property occupies a genuinely scarce position in Southbank: a north-facing double terrace unit within a low-rise complex, where most stock is high-rise and identically configured. The full renovation removes deferred maintenance risk for a buyer, and the dual outdoor spaces—including an oversized balcony with skyline views and a rear terrace—add functional living area that competing apartments lack. The resort-grade facilities (tennis court, solar-heated pool) further support owner-occupier appeal and rental desirability. It suits a professional couple or investor seeking a differentiated unit in a precinct dominated by towers, where configuration edge drives both lifestyle and tenant demand. The primary risk is the suburb’s recent -1.8% growth, which signals soft capital appreciation in the short term, though the 5.7% rental yield partly offsets this for income-focused buyers. The second bedroom’s direct terrace access is an underutilised opportunity—it could be positioned as a study or guest room with private outdoor flow, widening the tenant pool. The European laundry and separate powder room are practical but not differentiating. Hold for steady rental income rather than flipping; the configuration rarity will preserve relative value if the broader market softens