906/70 Speakmen Street, Kensington VIC 3031
906/70 Speakmen Street, Kensington VIC 3031
9th floor | 2 bed 2 bath with parking | Kensington high-rise | 82 sqm modern apartment | built 2002
This apartment is competitively positioned as a well-sized two-bedroom with two bathrooms and a car space, which is a configuration that commands consistent interest from both investors and owner-occupiers in Kensington. The ninth-floor position is less common in the suburb’s apartment stock and typically offers better light and outlook than lower levels, while the 82-square-metre internal area is generous for a modern unit. It serves best a professional couple, a first-home buyer wanting parking and separate bathrooms, or an investor targeting the rental demand that comes with this layout and location.
The property may be affected by its position within a larger building, where strata fees and building reputation can influence buyer perception and resale appeal. The absence of confirmed aspect or view quality means a buyer should physically inspect to assess light and privacy, as these factors can materially differentiate value between similar units. The 2002 build year places it in a period where construction quality varies, so a building inspection and review of the owners corporation records are recommended before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 906/70 Speakmen Street, Kensington VIC 3031
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Kensington is an established inner-city suburb with a premium housing market, attracting buyers with above-average incomes seeking its connectivity. Recent demand is evidenced by strong auction clearance rates, though the market shows signs of adjustment with recent quarterly price declines for both houses and units. Future performance will hinge on balancing its inherent locational appeal with sensitivity to broader market conditions and the notable divergence in performance between its house and unit segments.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!