509/20 Queens Road, Melbourne VIC 3004

North-east aspect | oversized balcony | Gaggenau kitchen | flood overlay flagged The unit’s north-east orientation and oversized balcony are rare in this price bracket and give it genuine daylight advantage over comparable Victoriana apartments. The integrated Gaggenau kitchen and Liebherr fridge signal an owner-occupier finish rather than investor grade, which holds resale appeal for downsizers or professionals seeking a lock-and-leave base near the Domain precinct. The rental yield near 5.4% supports dual-use logic for a buyer who may occupy short-term then lease. The flood overlay is the material risk—it may restrict financing options and raises insurance costs, effectively narrowing the buyer pool at resale. Entry via Queens Lane and the back-of-building position reduce street presence but improve privacy. The property is best held as a medium-term owner-occupied home or a stable rental; flipping is not advised given the overlay and current market softness in this tower.