403/13K Raleigh Street, Windsor VIC 3181

1-bed student apartment near Chapel Street | Sold recently at $118k | Managed building with on-site staff | Rental yield around 14.5% from $330/week rent This is a purpose-built student apartment in the Student Living on Raleigh complex, which makes it a specialised product within Windsor’s typical mix of older apartments and terrace houses. Its strongest competitive advantage is the remarkably high rental yield indicated by recent transaction data, which positions it as a yield-driven investment rather than a conventional owner-occupier home. The property is best suited to an investor targeting the student accommodation market, given its managed building setup with reception and after-hours residential advisors, furnished configuration including single bed and private bathroom, and proximity to transport and Chapel Street amenity. The configuration trades private ownership flexibility for managed convenience and a lower entry price than mainstream Windsor apartments. The price achieved in mid-2024 was $118,000, which is materially lower than typical Windsor apartment pricing and reflects the student-housing format rather than a standard market apartment. That price, combined with the recorded rent of $330 per week, suggests a gross yield around 14.5%, though this is a simple arithmetic estimate and may not account for management fees or vacancy periods tied to the student rental cycle. The narrow buyer pool for student-specific accommodation may affect resale liquidity, and the absence of clear information on floor level, internal size, or build year means the property’s physical attributes should be verified in person before forming a final view on value.