8/54 Hobbs Street, Seddon VIC 3011

Well positioned two bedroom unit in a sought after Seddon complex | recent comparable sale confirms pricing | strong rental demand | no overlay risks The buying case for this unit rests on its verified market alignment, evidenced by the July 2025 sale of an identical unit in the same building for $575,000. This transaction removes pricing uncertainty and positions the current listing within a defensible range. The property offers a modern floorplan with generous natural light, built-in robes, and a dedicated car space—features that command premium rent and appeal to both owner-occupiers and investors in Seddon’s inner-west market. The absence of bushfire, flood, or heritage overlays reduces due diligence complexity, while FTTP and 5G coverage support tenant demand. This unit best serves a buyer seeking a low-maintenance, high-yield holding in a suburb with proven capital growth. The primary risk is strata governance and building condition, as the complex contains eight apartments and one house on a shared lot—any structural or financial issues could affect resale or rental returns. A qualified building and pest inspection is non-negotiable. The commercial opportunity lies in the rental yield, with weekly estimates of $485–$565, offering a gross yield near 5% at the lower end of the price range. Hold this property for steady rental income and capital appreciation, supported by Seddon’s proximity to Melbourne CBD and strong school zoning.