503/78 Eastern Road, South Melbourne VIC 3205

North-facing balcony | boutique Amalfi block | two car spaces | dual-zone school catchment This unit sits in a tightly held boutique block where the combination of a north-facing balcony and two secure car spaces is genuinely uncommon for a two-bedroom floorplan. The internal area at approximately 100 square metres positions it well above the typical apartment footprint in South Melbourne, giving it a floorplan that competes more with a small terrace than a standard flat. For a buyer seeking a lock-and-leave residence with genuine liveability and strong rental fundamentals, the configuration supports both owner-occupier appeal and tenant retention. The property best suits a professional couple or downsizer who values space, light, and parking over a full house. The primary risk is the price expectation gap between the current listing range and the Domain estimate, which signals that a buyer must negotiate firmly or accept a longer holding period for capital growth to close the difference. The lack of heritage or flood overlay removes two common cost risks, but the strata arrangement on a 752-square-metre lot means future special levies are possible if the building envelope requires work. The rental yield at the midpoint is reasonable for the area, and the dual-zone school catchment adds a structural demand layer that supports resale. Hold this property as a medium-term home or a low-maintenance rental with a clear exit via the primary school catchment.