7 Danks Street, Albert Park VIC 3206

| 4-bed townhouse | city & bay views | premium tree-lined street | architect-designed | competitive pricing below 2023 sale | This property offers a rare combination of oversized family proportions and panoramic views, typically found in detached houses rather than townhouses. The architect-designed layout with sun-filled living on the second level maximises the elevated position, while the 128sqm lot with 267sqm of building creates an efficient footprint that suits families wanting space without land maintenance. The pricing below the 2023 sale and current estimates signals either motivated vendor or market adjustment, presenting a potential entry point in a sought-after Albert Park pocket. This suits buyers prioritising immediate lifestyle, views, and school zoning over land banking. The primary risk is the 128sqm lot size, which limits future subdivision or significant extension potential, meaning capital growth will depend on area demand rather than land value appreciation. The rental yield of approximately 3.2% gross is modest for investors but acceptable for owner-occupiers. The listing price range suggests room for negotiation, particularly given the property has been marketed across multiple platforms. Hold this as a long-term family home, leveraging the view amenity and school catchment, rather than a short-term flip.