609/94 Stanley Street, West Melbourne VIC 3003
609/94 Stanley Street, West Melbourne VIC 3003
Spacious 3-bed apartment | 2-car parking rare in inner-city | Strong rental yield above 5% | Premium finishes in The Marker development
This apartment stands out in West Melbourne for its generous 107-square-metre internal area and two-car parking, both uncommon for an inner-city unit. The three-bedroom, two-bathroom configuration with modern finishes like floorboards, air conditioning, and an alarm system positions it well for professionals, downsizers, or small households seeking more space near the CBD. Its rental yield of over 5.5% signals strong tenant demand, making it equally suitable for an investor targeting reliable income from a larger apartment in a well-regarded development.
The property’s sale price may be influenced by its last sale in 2019 for over $1 million, which could set a reference point for current expectations. The absence of confirmed floor level or aspect means potential outlook or noise exposure should be verified in person. Its estimated value range suggests room for negotiation, and the high asking rent indicates ongoing rental appeal, but buyers should assess how the apartment’s size and parking premium compare to other offerings in the area.
Detailed Independent Property Report prepared by PropCred Analyst team for 609/94 Stanley Street, West Melbourne VIC 3003
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
!
1
Insight: West Melbourne VIC 3003
West Melbourne offers a compelling entry point within the broader metropolitan market, characterised by a distinct divergence between its house and unit segments. Strong buyer engagement is fuelling robust capital growth for houses, reflecting demand for more affordable options in the city’s west. Conversely, the unit market faces headwinds with softening values, indicating segment-specific challenges. Future performance remains sensitive to broader interest rate movements, though stabilisation could further support sentiment, while the persistent underperformance of units presents a key market risk.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst