807/70 Queens Road, Melbourne VIC 3004
807/70 Queens Road, Melbourne VIC 3004
807/70 Queens Road | 1-bedroom apartment with parking | 64m² internal | Albert Park Lake frontage | 6.7% yield potential
This unit’s primary competitive advantage is its positioning directly opposite Albert Park Lake, offering rare open-aspect views for a one-bedroom apartment in a prime Melbourne suburb. The inclusion of a secure parking space and balcony in a 64m² floorplan is increasingly uncommon, which strengthens its appeal to both owner-occupiers seeking lifestyle proximity to the Formula One track, city trams, and parklands, and investors targeting the 6.7-6.8% rental yield above the Melbourne median. The building’s NBN Fibre to the Building and 5G coverage provide supporting value for remote workers. This property serves best as a high-yield investment or a compact primary residence for a professional who prioritizes location and outdoor access over internal space.
The primary risk is the suburb’s -0.3% growth trend and the unit’s 2010 purchase price, indicating limited capital appreciation over a long hold period. The detected flood overlay is a specific cost to the buyer, potentially affecting insurance premiums and resale liquidity. However, the recent comparable sale at $432,000 for unit 806 and the building’s consistent rental demand suggest the price floor is supported. The opportunity lies in acquiring at the lower end of the current listing range to lock in the yield, then holding for stable rental income rather than short-term capital gain. Use this property as a cash-flow-positive investment with a long-term hold horizon, accepting modest growth in exchange for reliable returns.
Detailed Independent Property Report prepared by PropCred Analyst team for 807/70 Queens Road, Melbourne VIC 3004
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Melbourne’s CBD core is a high-density residential hub where renewed buyer momentum is evident. Demand is driven by professionals, upgraders, and first-home buyers, attracted by improving affordability and proximity to major employment and lifestyle amenities. Recent price growth reflects this, supported by a tight rental market and critically low stock levels. Future growth hinges on sustained population inflows and constrained supply, though risks include a potential softening in sentiment and a recent rebound in new listings which could moderate price gains.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
2342m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!