3911/80 Abeckett Street, Melbourne VIC 3000

High-floor CBD apartment | recent rental demand | flood overlay | near top schools | in-ground pool This unit presents a strong investment case centered on proven rental performance and a scarcity of high-floor two-bedroom configurations in a densely built precinct. Its consistent furnished rental history at a premium weekly rate signals reliable demand, likely from the professional and student markets drawn to the central location and building amenities. The property’s position within the catchment for sought-after government schools adds a layer of long-term appeal that transcends the typical investor profile for CBD apartments. This combination of attributes positions the unit to serve a capital-conscious investor seeking yield, or an owner-occupier prioritizing convenience and aspect from the 39th floor. The primary financial risk is the evident value depreciation since its last sale, compounded by the specific flood overlay which may affect future insurance costs and liquidity. Recent comparable sales within the same building provide a clear valuation corridor, establishing a current market price significantly below the listed figure. Your commercial logic rests on acquiring at or below this established range to buffer against strata liabilities and the building’s age, then holding to capitalize on the sustained rental yield. Given the data, proceed only with an offer anchored to recent sales evidence, treating this as a yield-driven holding rather than a short-term capital play. Recent sales in the same building demonstrate a clear market value: – Jan 2026: 74m², 2 bed/1 bath, sold for $435,000 after 21 days. – Nov 2025: 58m², 2 bed/1 bath, sold for $412,000 after 54 days. These transactions, particularly the most recent, firmly establish a market value between $412,000 and $435,000. The subject property’s listing at $450,000 is not supported by this evidence, creating an immediate negotiation leverage for a buyer to secure a price aligned with these real outcomes.