404/12 Queens Road Melbourne VIC 3004

One-bedroom flat | Fourth-floor light-filled position | Single car space | Port Phillip council | Flood overlay noted This unit presents a competitively strong proposition for an entry-level buyer or investor seeking a low-maintenance foothold in a tightly held building near Albert Park Lake. Its high, light-filled position is a genuine rarity for one-bedroom configurations and commands a tangible premium. The property is best suited to a buyer who values character and location over interior space, with the estimated rental yield supporting an investment hold. The primary decision mechanism is the flood overlay, which necessitates immediate investigation into insurance premiums and potential future resale constraints. The absence of recent comparable sales data in this report increases valuation uncertainty. Proceed only with a structured due diligence process; our property advisory can secure a real market valuation and clarify the specific locality risks and insurance implications this overlay creates.