402/6 Butler Street, Camberwell VIC 3124

Contemporary one-bedroom on boutique Camberwell block | North-facing balcony doubles as a sunroom | 70sqm total with parking and storage | Strong rental yield above 6% in a stable suburb This unit offers a rare configuration edge for a one-bedroom: the glass-wrapped north-facing balcony functions as a year-round living extension, effectively adding a sunroom in winter and a covered terrace in summer. At 70sqm total, it competes with entry-level two-bedroom floorplans while keeping a lower price point. The boutique building scale and inclusion of a car space and storage cage further differentiate it from typical investor-grade stock. It is best suited to a professional single or couple seeking a lock-and-leave base with genuine indoor-outdoor flow, or to an investor prioritising rental demand in Camberwell’s tight inner-ring market. The primary risk is the absence of a second bedroom, which limits resale appeal to a narrower buyer pool and may cap long-term capital growth in a suburb where family-sized properties drive median gains. The 1% annual decline in Camberwell values reinforces that this is a hold-for-income proposition rather than a short-term appreciation play. However, the 6.5% rental yield is strong for the area, and the May 2024 sale at $530,000 provides a recent price floor. The opportunity lies in buying below the indicative range and holding for steady cash flow, with the balcony’s flexibility supporting above-market rent. Use this property as a high-yield core holding in a diversified portfolio, or as a low-maintenance owner-occupied base with genuine amenity.