404/77 Village Way, Maribyrnong VIC 3032

Penthouse layout | 165m² internal space | heritage overlay | dual living zones | 5.6% yield potential This property presents a rare configuration for an apartment, offering a substantial 165 square metre footprint across two levels with clear separation between living and sleeping areas. This townhouse-like space within a secure building is competitively strong for families or professionals seeking apartment convenience without compromising on room for work or hobbies. Its position in a sought-after location near the river and Highpoint Shopping Centre serves a buyer prioritizing lifestyle and convenience over a standalone house. The heritage overlay introduces a tangible risk mechanism, potentially complicating and adding cost to any future external renovations or structural modifications. However, the calculated gross rental yield near 5.6% provides a solid commercial logic for an investor, while the scarcity of such large formats supports capital stability for an owner-occupier. Hold this as a long-term lifestyle purchase or an income-generating property, as its unique attributes are not easily replicated in the suburb’s typical apartment stock.