77/88 Park Street South Melbourne VIC 3205

North-facing city views | modern 2-bed apartment | gym, pool, tennis complex | walk to market, trams, city This unit presents a competitively strong lifestyle proposition within a well-appointed, low-maintenance complex. The north aspect and city views are a genuine rarity that enhance liveability and future resale appeal. Its configuration suits owner-occupiers seeking a lock-and-leave lifestyle or investors targeting professionals drawn to the premium South Melbourne locale with its direct transport and amenity. The primary risk mechanism is the flood overlay, which necessitates specific due diligence on insurance costs and potential future resale constraints. The current asking range appears ambitious against the provided estimated value, creating a negotiation imperative. Acquire at the lower spectrum for a sound investment, prioritizing a long hold to capitalise on the location’s intrinsic demand. A Propcred report would precisely calibrate its real market valuation against recent comparables and detail the full implications of the flood overlay for insurance and risk. Three comparable sales within 2km in the past six months are noted in the statement of information. This confirms active market demand in the immediate area, providing essential context for benchmarking this property’s value.