405/79 Market Street, South Melbourne VIC 3205

Boutique block | city views | two-bedroom flat | South Melbourne edge | first-home or investor pick This unit presents a rare configuration in a boutique complex, where natural light and open-plan living are paired with CBD views and a full European laundry. The pale timber floors and island kitchen support low-maintenance city-edge living, which suits first-home buyers and investors seeking steady rental demand. Its position near the CBD and South Melbourne’s retail strip strengthens its appeal for professional tenants or owner-occupiers wanting convenience without a full house commitment. The property’s lack of strata details and recent comparable sales data introduces valuation uncertainty, and the single bathroom may limit appeal for families. Buyers should verify body corporate fees and any upcoming levies, as these can affect holding costs. The estimated value around $620,000 positions it as a competitive entry point, but a building inspection is advised to confirm condition. For an investor, this unit works best as a long-term hold in a liquid market; for an owner-occupier, it offers a practical city base with low upkeep.