902/393 Spencer Street West Melbourne VIC 3003

2BR 2BA 2016 build | CBD & skyline views | heritage overlay | gym & pool amenities This unit presents a competitively strong proposition due to its rare configuration and positioning. A two-bedroom, two-bathroom layout with dual car spaces in a 2016 building is an efficient offering within a tightly held suburb, directly serving owner-occupiers or investors seeking modern convenience. The confirmed long-term CBD and northern skyline views provide a persistent premium, while building amenities like a gym and pool align with expectations for this asset class. The absence of bushfire or flood overlays reduces one layer of location risk. Proceed with a disciplined focus on the heritage overlay, which may constrain future alterations and necessitates specific due diligence. The variance in valuation estimates and listing status requires verification of the true market price through comparable sales analysis. This property is best acquired at a value reflective of its precise floor level and aspect, then held for capital stability rather than speculative gain. Our analysis would ground your offer in validated sales evidence, clarify overlay implications for insurance, and audit the building’s financial health. Comparable sales indicate a value gradient based on size: a one-bedroom unit in the same building is estimated at $435,000-$475,000, while a similar one-bedroom nearby is estimated at $380,000. This supports a premium for the subject property’s larger two-bedroom, two-bathroom format with dual car spaces, though the exact premium must be calibrated against recent settled sales data.