513/221 Sturt Street Southbank VIC 3006

Oversized city-fringe unit | floor-to-ceiling CBD views | large balcony | separate study & dining | luxury communal amenities This property presents a competitively strong offering for an owner-occupier seeking a premium lifestyle position within the CBD fringe. Its oversized floor plan, a rarity against newer stock, combined with dedicated study and dining spaces, provides genuine liveability beyond typical two-bedroom apartments. The floor-to-ceiling windows capturing CBD views and access to building amenities solidify its appeal to a professional buyer valuing space, light, and convenience over a pure investment yield. The primary decision mechanism is the price variance against automated valuation models, with the asking price positioned above the estimated market value. This demands validation through a forensic inspection of the building’s financial and physical health, given its age implied by the 2006 sale. The opportunity exists to secure a characteristically larger unit in a sought-after locale, but it is a hold for lifestyle, not short-term trade. A PropCred report would pressure-test the true market valuation, detail locality-specific risks like oversupply, and audit strata health for insurance and cost clarity. Recent sales within the same building and immediate area, such as 313/221 Sturt Street and 506/250 City Road, confirm active transaction levels in this precinct. While specific prices are unavailable, these comparables establish that this property is being marketed within a demonstrably liquid market segment, providing a baseline for your own valuation assessment.