Fourth-floor unit | historic precinct | dual bathrooms | private balcony | secure parking
This unit presents a competitively priced entry into a transforming inner-city suburb, with its dual-bathroom configuration offering a rarity that enhances rental appeal and liveability for couples or sharers. Its position within a redeveloped historic precinct provides character and potential for capital growth tied to area renewal, best serving an owner-occupier seeking a low-maintenance lifestyle or an investor targeting professional tenants.
The primary risk is the strata context on a large site, where potential for major capital works levies is an unavoidable, costly reality. The 2015 purchase price suggests limited nominal growth, demanding a long hold to outperform. Proceed only at the lower guide, treating it as a long-term hold to absorb strata costs and realise the location’s evolution.