96 Coventry Street, Southbank VIC 3006
96 Coventry Street, Southbank VIC 3006
3-bed strata townhouse with pool and tennis court | Southbank edge near St Kilda Rd | fully renovated with attic bedroom | flood overlay detected
This property offers a rare combination of a fully renovated three-bedroom townhouse with shared resort-style amenitiesโin-ground pool, tennis court, and BBQ facilitiesโwithin walking distance to Clarendon Street and St Kilda Road. For a buyer seeking a lock-and-leave home with strong rental potential, the open-plan layout, off-street parking, and second-floor attic bedroom provide a distinctive edge over standard apartments. The configuration suits professionals or downsizers wanting space without land maintenance, and the recent renovation with new appliances and floorboards reduces immediate capital outlay.
The flood overlay is a material risk that may affect insurance premiums and resale liquidity, so a full due diligence check on the overlay’s specific constraints is essential. The strata plan on 1.14 hectares suggests shared land value, but the Domain estimate of $1.98m versus the listing range indicates possible overpricing or data errorโengage a valuer before negotiating. The 1993 build age is manageable, but check sinking fund health given the pool and tennis court. This property works best as a long-term hold with rental income offsetting holding costs, or as a primary residence with lifestyle upside.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Southbank is a central Melbourne unit-dominated market with strong connectivity, where investor-driven demand for apartments underpins a stable rental environment. Recent price trends reflect a softening market with moderate sales velocity, indicating a period of price adjustment. Future growth is linked to its established infrastructure, though key risks include the potential for oversupply and sustained price sensitivity in the unit segment.